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Suzlon aiming high in Australia

AUSTRALIA: Suzlon Energy is looking for partners to co-develop up to 2GW of wind capacity in Australia over the next five years.

Suzlon chairman Tulsi Tanti sees good opportunities for growth in Australia
Suzlon chairman Tulsi Tanti sees good opportunities for growth in Australia

The company is planning to raise US$3 billion of funding from global investors that are aiming for greater geographical diversity for their renewable portfolios.

With 764MW of operational capacity in Australia, Suzlon is no stranger to the wind business dynamics in the country. But it sees better opportunities for wind power growth with several states setting ambitious renewables targets.

Suzlon chairman Tulsi Tanti told Reuters: "Our plans for the next five years is to join hands with local developers and start co-development with them. Then we need a local partner for the construction, and then we will offer the customer the total solution."

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