Suzlon announced an impressive cumulative 35% rise in orders from October to a record $7.3 billion, equal to about 5,000 MW of power capacity on a consolidated basis.The Suzlon Wind orderbook stood at 2,578 megawatts (MW) (Rs 14,600 crore), with 1,624 MW (Rs 9300 crore) in domestic orders and 954 MW (Rs 5300 crore) in international orders as on 4 February 2011.
The company, which had an order book of Rs 30,100 crore as of May 13,2011, will be concentrating on its established business areas in India, China, Brazil, South Africa and Latin American countries for achieving growth.
Suzlon has mentioned that it expects the Asian market and off shore wind market in Europe to contribute to the growth of the market, significantly over the next five years. Suzlon has a presence in the offshore wind industry through its subsidiary REpower.
According to reports, Suzlon Energy Ltd. plans to bid in a 10-billion euro ($14 billion) French wind farm tender and expects its German unit REpower Systems AG to benefit from a shift by developed economies towards renewable energy following Japan’s nuclear disaster, the company’s top executive said.
Europe’s offshore wind-turbine market is expected to grow at more than 40% a year for the next five years, fuelling growth for REpower, which is among a handful of established companies with the expertise and experience in the offshore sector, Suzlon Chairman and Managing Director Tulsi Tanti said in an interview.
France, Germany and the U.K. will make up for the bulk of this growth in offshore generation, Mr. Tanti said Tuesday.
Suzlon board member Girish Tanti, who also took part in the interview, commented that: “There are only a few players–two or three–in the [European] offshore market. REpower is one of the market leader in that segment.”
Suzlon’s growth in China, the world’s biggest wind-power market, however, will be modest as–like most international players–the company hasn’t been able to compete with low-cost local operators who now occupy more than 90% of the 16,000-megawatt-a-year Chinese wind market, the company’s chairman said.