Companies

Suzlon retains market leadership as industry transitions

V Rishi Kumar Hyderabad | Updated on April 16, 2018

suzlon

Renewable energy major the Suzlon Group has commissioned 626 MW in FY18, the highest installations by any player during this fiscal.

Suzlon has built about one third of the country’s wind energy capacity with about 11,900 MW cumulative installations, thus remaining No. 1 in India.

According to Suzlon, it gained a market share of 35 per cent despite an extremely challenging year for the sector due to the transition from Feed-in-Tariff to the bidding regime. It is the second largest operations and maintenance company with over 8,000 turbines in the Indian power sector.

JP Chalasani, Group CEO, Suzlon Group in a statement said, “This achievement is a testament to our strong technical and project execution capabilities and over two decades of experience in the Indian market. We have achieved this excellence despite a challenging year for the industry owing to the transition from Feed-in-Tariff (FiT) to the competitive bidding regime.”

“The FY19 would be the start of a high volumes market with central and state-level auctions in India. The sector will witness exponential growth with 10-12 GW volumes each year. There is a clear visibility of volumes even before the start of FY19. Suzlon is well positioned to reap the benefits in this new business regime with its end-to-end solutions, continuous investment in India specific wind turbine technology, vertically integrated operations and best in class services. Technological innovations will continue to be the bedrock of our growth,”he said.

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Published on April 16, 2018
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