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Suzlon plans to enter south Indian market
1 April 2001
Indian turbine manufacturer Suzlon is planning to enter the southern India market in a big way. It is in the process of acquiring about 2500 acres of land in Karnataka for wind farm development and has won approval from Karnataka Renewable Energy Development Limited (KREDL) to build 105 MW in the state. Suzlon currently holds a wind market share of 27.55%, but intends to increase this to 45% already this year, according to officials at the Ministry of Non-conventional Energy Sources. They also say Suzlon is to double its production capacity. So far the company has mainly been busy in the west India province of Maharashtra, where it sits on 75% of the market. Registered turnover from its Indian operations is INR 2 billion ($43.4 million).
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