Suzlon is again India’s number 1 wind turbine supplier - report
Jun 25, 2014 - Indian wind turbine maker Suzlon Energy Ltd (BOM:532667) returned as the top turbine supplier in India in the fiscal year ended March, while last year’s winner Wind World India Ltd fell to third place.
In fiscal 2013/14, Suzlon was responsible for 403 MW of the country’s 2,055 MW of installed wind turbines, according to data by the Indian Wind Turbine Manufacturers’ Association (IWTMA) obtained by Bloomberg. The figures have been verified by the association’s secretary general DV Giri, the news agency said on Wednesday.
Suzlon lost the top spot in IWTMA’s ranking for the first time in fiscal 2012/13, hit by debt issues and the suspension of two government incentives.
In IWTMA's top suppliers list for fiscal 2013/14 Gamesa (BME:GAM) climbed to the second position as it installed 396 MW of turbines. In the year-ago period, the Spanish company occupied the sixth spot in the ranking. Wind World India Ltd, former Enercon India Ltd, was third with 354 MW in the 12 months through March 2014 and Denmark’s Vestas Wind Systems A/S (ETR:VWS) ranked seventh with 80 MW.
Overall, wind power installations in India benefitted from the revival of the generation-based incentive (GBI) in August 2013. This year, installations are expected to grow by 35% to 2.3 GW, Bloomberg New Energy Finance’s wind analyst in India, Shantanu Jaiswal, was quoted as saying.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.