Suzlon plans expansion in China - report

(ADPnews) - Nov 3, 2010 - Indian Suzlon Energy Ltd (BOM:5326670) aims to boost its share of China's wind power market and benefit from its dynamics fuelled by the country's aggressive targets for renewables, India's Daily News & Analysis reported, citing company official.

China aims to increase its wind power capacity to 90 GW by 2015 from 20 GW at the end of 2009.

The wind turbine maker's chairman, Tulsi Tanti, said on Monday that the company could compete with Chinese manufacturers in terms of price as it has a manufacturing base in the country.

Suzlon's 600 MW production capacity in China is a fifth of its total, although its plant has so far been operating at 25-30% of its design capacity. According to Tanti, the plant is expected to run at full steam next year.

"We are bringing the Chinese price with German technology. We are quite comfortable that we will get more business from the China market", Tanti added.

At present half of Suzlon's orders totalling 1.5 GW are placed by domestic customers. By 2011 the company will possibly increase its orders in India to 3.6 GW, according to Tanti.

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