Companies

Suzlon looks to set up hybrid energy sites

Alka Kshirsagar Pune | Updated on March 17, 2011 Published on March 17, 2011

suzlon   -  Business Line



Wind energy major Suzlon Energy Ltd has plans to set up hybrid sites in India for generating renewable energy from more than one source, and is doing a study on integrating wind and solar power at a single location, Mr Tulsi Tanti, Chairman and Managing Director, has said.

“Going forward, we will look at a combination of wind and solar energy. This will increase the plant load factor (PLF), as solar will add 10-12 per cent,” he said. (The PLF for wind energy stands at 30 per cent).

Most companies that have invested in wind energy sites will be interested in such a proposition as it will be cost competitive, Mr Tanti said, adding that Suzlon will set up the site, but outsource the solar power equipment. The company is already building a hybrid plant to generate power from wind as well as gas in Australia.

Suzlon has an order book of $7.5 billion and will execute these over the next 12-18 months, Mr Tanti said. It has undertaken projects in eight States to provide end-to-end power solutions. India is the third largest market for wind energy in the world after China and the US, and Mr Tanti estimates that the next five years will see an investment of Rs 1,00,000 crore in the Indian wind power sector.

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Published on March 17, 2011
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