According to reports, Suzlon Energy Ltd. (SUEL)’s share of the Indian market for wind turbines dropped for a second year as more companies compete for orders in the world’s third-biggest market for the machines.
Suzlon, based in Pune, India, supplied 35 percent of the 2,923 megawatts of capacity added in the year through March, down from 41 percent the previous year, according to data from the Indian Wind Turbine Manufacturers Association. The company’s lead over its biggest local competitor, Enercon (India) Ltd., also narrowed to 11 percent from 20 percent.
Competition for orders in India is intensifying as manufacturers seek expansion in new regions to counter weaker growth in more established markets such as China, the biggest. The expiry of a U.S. tax credit for wind farms at the end of the year may also cut installations in that country by 95 percent, according to Bloomberg New Energy Finance.
ReGen Powertech Pvt., which has a technology partnership with Germany’s Vensys Energy AG, rose two places to become India’s third-biggest supplier with a 14 percent share, after selling 401 megawatts of turbines.
Spain’s Gamesa Corp. Tecnologica SA (GAM) and Denmark’s Vestas Wind Systems A/S (VWS), the world’s biggest turbine-maker, slipped one place each to be ranked fourth and fifth. They retained market shares of 10 percent and 9 percent, respectively.