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[[File:Big-pump-king.jpg|thumb|250px|Suzlon generators behind a vintage gas pump at the Bluegrass Ridge Wind Farm in [[King City, Missouri]]]]
[[File:Big-pump-king.jpg|thumb|250px|Suzlon generators behind a vintage gas pump at the Bluegrass Ridge Wind Farm in [[King City, Missouri]]]]


'''Suzlon Energy''' is a leading Indian Wind Turbine Manufacturer with a global footprint which extends across Asia, Australia, Europe, Africa and North and South America. <ref>{{cite web|url=http://enerasia.in/gold-sponsor/ |title=Suzlon Energy |publisher=Enerasia 2015|accessdate=June 26, 2015}}</ref>. Over the past two decades, Suzlon has built and consolidated its presence in over 17 countries, by crossing 14,553 MW of wind power installations globally. <ref>{{cite web|url=http://www.wikinvest.com/stock/Suzlon_Energy_Limited_(BOM:532667) |title=Suzlon Energy |publisher=wikinvest |accessdate=June 26, 2015}}</ref>. Suzlon’s global wind installations help in reducing 44 million tonnes of CO2 emissions every year. The company has 14 vertically integrated, low cost manufacturing facilities across India, China and USA and a dynamic workforce of over 6,900 employees.
'''Suzlon Energy Limited''', was ranked as the world’s fifth largest<ref name="make-report" /> wind turbine supplier, in terms of cumulative installed capacity and market share, at the end of 2013. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America with over 24,200 MW of wind energy capacity installed, operations across over 30 countries and a workforce of over 10,000.

The Group – headquartered at Suzlon One Earth in [[Pune]], [[India]] – comprises Suzlon Energy Limited and its subsidiaries.

The company is listed on the [[National Stock Exchange of India]] and on the [[Bombay Stock Exchange]].


== Company description ==
== Company description ==


Suzlon Group has an extensive range of robust and reliable products designed for various wind conditions and to cater to local geographies. <ref>{{cite web|url=http://www.thehumanfactor.in/Tim/Tim-story.asp?s_id=6&pageno=1|title=Hitting the pockets |publisher=thehumanfactor |accessdate=January 1, 2013}}</ref> . Suzlon pioneered the 'Concept to Commissioning' model in the wind energy industry. Suzlon invests in vertical integration and its strong in-house R&D set-up is focused on bringing down Cost of Energy (COE). The Group’s Operation & Maintenance Services (OMS) division has more than 14GW globally under service while it’s monitoring centre SCADA monitors and operates wind turbines across regimes and geographies.
Suzlon is a [[Vertical integration|vertically integrated]] wind power company. Suzlon makes and installs windmills.<ref>[http://www.suzlon.com/about_suzlon/l2.aspx?l1=1&l2=1 Company Profile: Suzlon]</ref> The company manufactures blades, generators, panels, and towers [[in-house]] and large or offshore turbines through its subsidiary [[Senvion]]. The company is integrated [[Downstream (manufacturing)|downstream]] and delivers [[turnkey]] projects through its project management and installation consultancy, and operations & maintenance services. Suzlon has offices, R&D and technology centres, manufacturing facilities and service support centres spread across the globe.
With ‘Powering a greener tomorrow - Today ’, as its vision, Suzlon Group has mandated Suzlon Foundation, a body established by Suzlon that looks into CSR; and ensures sustainability across all its business operations. <ref>{{cite web|url=http://www.bestmediainfo.com/2011/08/suzlon-launches-new-brand-campaign-p-a-l-s/|title=Suzlon launches new brand campaign p.a.l.s. |publisher=bestmediainfo |accessdate=August 10, 2011}}</ref>. Suzlon’s Headquarters, One Earth, located in Pune is environment friendly and is in sync with the Group’s motive. One Earth is LEED certified and one of the greenest Corporate Campuses in the world with Platinum LEED Certification. <ref>{{cite web|url=http://www.moneycontrol.com/transformingindia/news/how_well_do_you_know_green_building_certifications-1393724.html |title=How well do you know green building certifications|publisher=moneycontrol |accessdate=June 26, 2015}}</ref>


Suzlon has design and R&D teams and facilities in India, Germany, Denmark and The Netherlands. The international sales business of Suzlon is managed out of [[Aarhus, Denmark]], while its global management office is in [[Pune, India]].

Suzlon crossed 8,000 megawatts of cumulative installations in India in September 2010.<ref>{{Cite web|url=http://articles.economictimes.indiatimes.com/2010-09-24/news/27573898_1_largest-wind-turbine-manufacturer-wind-power-suzlon-energy-s-chairman|title=Suzlon crosses 5,000 megawatts of wind power installations in India|date= Feb 2010}}</ref>
Suzlon has cumulatively added over 7,600 megawatts of wind power capacity for over 1,700
customers in India across 40 sites in eight States. Suzlon accounts for nearly half of the country’s total wind installations<ref>{{cite web|url=http://www.suzlon.com/images/Media_Center_News/192_Suzlon%2015%20GW%20announcement.pdf |title=Suzlon Group crosses 22000 megawatts in wind power installations across the world |publisher=Suzlon |date=16 December 2010 |accessdate=15 September 2012}}</ref> Also in 2003 Suzlon set up an office in Beijing.<ref name="powerhouses"/> In the key states of Tamil Nadu, Maharashtra and Gujarat,
Suzlon’s installation base is over 1,000 megawatts each (Over 1GW). Leading corporate such as the Bajaj Group, the Birla Group, MSPL, DLF, the Tata Group, the Reliance Group, the ITC Group, L&T, as well as public sector companies like GSPL, HPCL, Indian Railways, Rajasthan Mines & Minerals, GACL, GSPC, GSFC, Indian Oil, ONGC and State Bank of India (SBI, Nuclear Power Corporation of India Limited (NPCIL), NALCO, GAIL, Vedanta Group (HZL), DLF Group, amongst others, have chosen Suzlon for their wind power projects.<ref>{{cite web|url=http://www.suzlon.com/about_suzlon/l4.aspx?l1=1&l2=3&l3=5&l4=26|accessdate=15 February 2015|publisher=Suzlon|title=Clients & Projects}}</ref>
Suzlon is India's leading wind turbine manufacturer with nearly 50 percent YoY market share. The company has eight manufacturing facilities across the country. Suzlon has a workforce of over 10,000 employees globally.


== Products ==
== Products ==
*S111 - 2.1 MW
* S111 - 2.1 MW
*S97 - 2.1 MW
* S97 - 2.1 MW
*S95 - 2.1 MW
* S95 - 2.1 MW
*S88 - 2.1 MW
* S88 - 2.1 MW
*S82 - 1.5 MW
* S82 - 1.5 MW
*S66 - 1.25 MW
* S66 - 1.25 MW
*S52 - 600&nbsp;kW
* S52 - 600 kW


== History ==
== History ==
The year 1995 marks the genesis of Suzlon. Tulsi Tanti, the founder of the group, came up with the idea while he was managing a 20 employee textile company. <ref>{{cite web|url=http://self.gutenberg.org/articles/suzlon_energy |title=suzlon energy|publisher=self.gutenberg |accessdate=June 26, 2015}}</ref>. The biggest challenge he faced at that time was the erratic supply and high cost of electricity which offset any profits made by the company. He accidently ventured into Wind energy, while exploring various solutions to this problem. He could foresee an opportunity to leverage Wind energy to ensure stable supply of power for its textile units. The idea of wind turbines took root then and 2 wind turbines were installed in Rajkot, in Gujarat for supplying energy to his business of cold storage and textile mills. But this venture set him thinking of greater use of wind energy and thus was born Suzlon Energy, to cater to the energy requirements of other industries in India. Suzlon adopted a business model wherein clients would be responsible for 25% of the up-front capital investment and Suzlon would arrange the remaining 75% on loan. Initially banks were hesitant to fund loans for this model but by 2008, 40-50 Indian banks were financing wind power projects.
Suzlon's story began in 1995 when founder [[Tulsi Tanti]] was managing a 20-employee textile company. Due to the erratic availability of power locally, and its rising costs, the highest business expenditure after the raw materials was electricity.<ref name="powerhouses">{{cite book |title=[[India's Global Powerhouses]] |last=Kumar |first=Nirmalya |authorlink=Nirmalya Kumar |year=2009 |publisher=[[Harvard Business Press]] |isbn=978-1-4221-4762-7 |pages=136–8 |accessdate=22 August 2011}}</ref> The cost of electricity also offset any profits made by the company.<ref>[http://www.time.com/time/specials/2007/article/0,28804,1663317_1663322,00.html Heroes of the Environment], Time, 17 October 2007, accessed on 26 December 2009.</ref>
In 2001, Tanti sold off the textile business, so he could focus on the development of his wind energy business. Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman, Suzlon Group. <ref>{{cite web|url=http://www.moneycontrol.com/company-facts/suzlonenergy/history/SE17 |title=suzlon energy|publisher=moneycontrol |accessdate=June 26, 2015}}</ref>
After providing electricity for his own company, Tanti realised that other companies in India could also greatly benefit from being sold wind power technology and advised on its use. With the help of some of his friends in [[Rajkot]], he moved into wind energy production as a way to secure the textile company's energy needs, and founded Suzlon Energy.<ref>{{cite web|title = India's 40 Richest| publisher=Forbes.com|archiveurl=http://web.archive.org/web/20120727215554/http://www.forbes.com/global/2006/1127/039.html|archivedate=27 July 2012|url=http://members.forbes.com/global/2006/1127/039.html Forbes|accessdate=14 February 2015|date=17 November 2006}}</ref> Suzlon adopted a business model wherein clients would be responsible for 25% of the up-front capital investment and Suzlon would arrange the remaining 75% on loan. Initially banks were hesitant to fund loans for this model but by 2008 40-50 Indian banks were financing wind power projects for Suzlon clients.<ref name="powerhouses"/>


== One Earth Campus ==
One Earth campus is Suzlon’s global corporate headquarters spread over 10 acres of land in Hadapsar, Pune, India. The campus was conceived with a business and functional need to bring all business verticals and corporate services under one roof. <ref>{{cite web |url=http://mgsarchitecture.in/projects/460-suzlon-one-earth-pune|title= Suzlon One Earth, Pune|publisher= mgsarchitecture| accessdate= April 2014}}</ref>
One Earth campus provides for a 24x7 globally shared service that forms a strategic 'think tank' for the group across all verticals and locations. The campus is the knowledge and support base for global operations. <ref>{{cite web |url=http://www.archdaily.com/466958/suzlon-one-earth-global-corporate-headquarters-christopher-benninger|title= Suzlon One Earth Global Corporate Headquarters / Christopher Benninger|publisher= archdaily| accessdate= January 14, 2014}}</ref>
The One Earth Campus also offers a range of economic and environmental benefits like enhanced comfort for its occupants that help improve productivity. The campus saves 30% to 40% in operating cost, leading to 40% energy savings and 30% lesser water consumption. <ref>{{cite web |url=https://greenbuildingsindia.wordpress.com/tag/suzlon-one-earth/|title= Suzlon One Earth – LEED Rated Green Building in Pune|publisher= greenbuildingsindia| accessdate= August 7, 2013}}</ref>. One of the most important goals of the One Earth project was to establish an efficient water management plan that included measures such as rain water harvesting, and water recycling systems. <ref>{{cite web |url=http://docslide.us/business/indas-top-10-eco-friendly-companies.html|title= India’s Top 10 Eco-Friendly Companies|publisher= docslide| accessdate= June 26, 2015}}</ref>
The buildings also maintain high health and safety standards for its occupants and ensure prompt medical assistance. <ref>{{cite web |url=http://www.archdaily.com/466958/suzlon-one-earth-global-corporate-headquarters-christopher-benninger|title= Suzlon One Earth Global Corporate Headquarters / Christopher Benninger|publisher= archdaily| accessdate= January 14, 2014}}</ref>


== Research and Development ==

Suzlon’s research and development leverages the best technology to create products that deliver high performance and reliability in tough and diverse operating environments. With world class design and R&D experts, and state of art facilities in Germany, India and the Netherlands, Suzlon’s R&D is the perfect balance of global experience and in-depth expertise


{| class="wikitable"
|-
! Country !! City !! Unit
|-
| Germany || Rostock, Berlin and Hamburg || Suzlon product development
|-
| Germany || Bochum || Suzlon drive train technology
|-
| India || Vadodara || Blade Test Centre (BTCG)
|-
| India || Pune and Chennai || Engineering (Technical Service Group)
|-
| Denmark || Aarhus || Global Wind and Site Knowledge Centre, SCADA, Control systems, Blade development
|-
| Netherlands || Hengelo || Engineering (TSG), Blade Development
|}

== Suzlon Foundation ==

The Suzlon Group endorsed the CSR mission in December 2007, and launched the Suzlon Foundation to lead corporate social responsibility initiatives. With the motto “Powering a Greener Tomorrow”, Suzlon is committed to sustainable development. <ref>{{cite web |url=http://www.projectgreenhands.org/our-partners/corporate-partners/125|Title= Suzlon Foundation| publisher= projectgreenhands| accessdate= June 26, 2015}}</ref>

Across India, in eight states and two union territories, Suzlon is involved in various CSR activities. Active community participation and sizable contribution in cash and kind indicate that these CSR programs create shared value. <ref>{{cite web |url=http://www.karmayog.org/csr501to1000/csr501to1000_21947.htm|Title= CSR activities| publisher= karmayog| accessdate= June 26, 2015}}</ref>. It is a partnership in development, with all stakeholders making their own contributions to enhance natural, financial, social, human and physical resources. <ref>{{cite web |url=http://www.chennailivenews.com/Business/Features/20124704114710/Suzlon-Foundation-going-places.aspx|Title= Suzlon Foundation going places| publisher= chennailivenews| accessdate= June 26, 2015}}</ref>

Here are some facts and figures of Suzlon’s CSR campaigns:
• Treated over 3,627 Ha of land & planted over 11,09,993 trees
• Ensured better education opportunities to 1,35,192 students
• Strengthened 3,074 Community Based Organizations (CBO’s)
• Lit up homes with more than 2,517 solar lighting systems

Involving employees in such activities is an important part of CSR at Suzlon. They believe that an organization can be responsible only if its employees are involved in the process. Hence, cultivating responsible behavior and citizenship is very significant for them. This helps better integration of CSR perspective in business practices and encourages conscientious individual behavior. <ref>{{cite web |url=http://www.eventfaqs.com/news/ef-05200/suzlon-foundation-marks-five-y-1325594399028html#.VYz7QdyVgdV|Title= Suzlon Foundation marks five years with Village Development Award| publisher= eventfaqs| accessdate= January 4, 2012}}</ref>

== Recognition ==

- Received Civic Award from Bombay Chamber of Commerce under Social Development Category – 2010-11
- Received recognition from FE-EVI as “Green Business Leader” – 2010-11 <ref>{{cite web|url= http://www.scribd.com/doc/127364142/Suzlon-Enegry-Ltd-11-Annual-Report-PDF#scribd|Title= Suzlon Enegry Ltd-11 Annual Report| publisher= scribd| accessdate= February 26, 2013}}</ref>
-
- Received Aajtak Care Award under Environment Category – 2011-12
- Received Asia’s Best CSR Practices Award from CMO Asia – 2011-12
- Business World-FICCI Corporate Social Responsibility Award in recognition of the commendable work done by Suzlon as a socially responsible company – 2011-12 <ref>{{cite web|url= http://www.indiacsr.in/en/suzlon-group-conserved-65749-cum-water-300-wells-recharged/|Title= Suzlon Group Conserved 65749 CuM Water, 300 Wells Recharged| publisher= indiacsr| accessdate= June 9th, 2015}}</ref>

- CII-ITC Sustainability Awards: Commendation for Significant Achievement in Corporate Social Responsibility for Commendable Results from Deploying Policies and Processes in Category A – December 2014


== Milestones ==

'''1995'''
• Pioneered End to end solutions for wind energy in India <ref>{{cite web |url=http://www.indiacore.com/company-focus/2009-nov-suzlon.html|Title= Suzlon| publisher= indiacore| accessdate= June 26, 2015}}</ref>

• First technology collaboration with Sudwind, Germany <ref>{{cite web |url=http://economictimes.indiatimes.com/suzlon-energy-ltd/infocompanyhistory/companyid-1209.cms|Title= Company History - Suzlon Energy Ltd| publisher= economictimes| accessdate= June 26, 2015}}</ref>

• Introduced largest WTG of 350 kW in India<ref>{{cite web |url= http://profit.ndtv.com/stock/suzlon-energy-ltd_suzlon/reports|Title= Suzlon Energy Ltd| publisher= profit.ndtv| accessdate= June 26, 2015}}</ref>

'''1996'''

• Brand Suzlon launched <ref>{{cite web |url= http://www.moneycontrol.com/company-facts/suzlonenergy/history/SE17 |Title= Suzlon Energy| publisher= moneycontrol| accessdate= June 26, 2015}}</ref>

• First WTG commissioned for IPCL, Gujarat

• Established indigenous technology centre

'''1997'''
• Det Norse Veritas (DNV) Certification

• ISO 9001/2 Certification for Suzlon <ref>{{cite web|url= http://www.business-standard.com/company/suzlon-energy-13872/information/company-history|Title= Suzlon Energy Ltd. (SUZLON) - Company History| publisher= business-standard| accessdate= June 26th, 2015}}</ref>

'''1999'''

• Awarded a prestigious contract from the Tata Group

'''2000'''

• Commissioned the first 1 MW WTG for the Tata Group <ref>{{cite web |url= http://www.business-standard.com/company/suzlon-energy-13872/information/company-history|Title= Suzlon Energy Ltd. (SUZLON) - Company History| publisher= business-standard| accessdate= June 26, 2015}}</ref>

• Commissioned the 1st 50MW site at Satara <ref>{{cite web |url= http://www.greentechlead.com/solar/suzlon-set-foot-solar-energy-market-india-20547 |Title= Suzlon to set foot in solar energy market of India| publisher= greentechlead| accessdate= December 20, 2014}}</ref>

'''2001'''

• Suzlon goes Global - forays into US with SWECO, partnered for R&D operations <ref>{{cite web |url= http://www.tribuneindia.com/2006/20060905/biz.htm|Title= Suzlon bags 105-MW deal| publisher= tribuneindia| accessdate= September 5, 2006}}</ref>

• Produced 1st WTG Blade with indigenous technology

• SE Blades Technology for rotor blades evolves after strategic partnership with Aerpac (Almelo, NL)

'''2002'''

• Suzlon sets footprint in Germany, Europe <ref>{{cite web |url= http://articles.economictimes.indiatimes.com/2007-03-16/news/28390898_1_shares-of-suzlon-energy-new-bid-areva|Title= Areva's fresh bid takes wind out of Suzlon’s sails| publisher= economictimes| accessdate= March 16, 2007}}</ref>

• Successfully commissioned its first WTG in US

'''2003'''

• Another giant leap with foray into China for integrated WTG facilities

• 1st Asian company to export WTG technology in the developed market of US

• Citibank International Financial Corporation & ChrysCapital III of Mauritius invests USD 24.34 mn each

'''2004'''

• Sets footprint in Australia

• Became self-reliant by establishing manufacturing capabilities for Generators & Towers

• Sets up R&D Centre in Denmark for SCADA and blade testing

• Backward integration initiative: formation of Suzlon Control Systems

'''2005'''

• Crosses 1,000 MW of global installations

• Suzlon Energy Ltd market share in India crosses 50% <ref>{{cite web|url= http://www.moneycontrol.com/india/stockpricequote/power-generation-distribution/suzlonenergy/SE17|Title= Suzlon Energy| publisher= moneycontrol| accessdate= June 26, 2015}}</ref>

• Successfully launched the IPO on the BSE & NSE

• Expanded geographical reach across Asia with maiden orders in Korea & China

'''2006'''

• Acquisition of Hansen, a major industrial gearbox manufacturer

• Bags the contract to build Australia’s largest wind farm project

• 1st rotor blade testing facility outside Europe established in Gujarat

• Commenced R&D operations for TU-Delft University, Netherlands

'''2007'''

• Acquisition of Senvion, German off-shore major

• India’s largest investment in Germany of 1.4 bn Euro Market cap 12 bn $

• Successful listing of Hansen on the London Stock Exchange

• Suzlon increases its installed capacity in the US to 1000 MW, signs pact with Edison Mission Group <ref>{{cite web|url= http://economictimes.indiatimes.com/suzlon-energy-ltd/infocompanyhistory/companyid-1209.cms|Title= Company History - Suzlon Energy Ltd.| publisher= economictimes| accessdate= June 26, 2015}}</ref>

• Sets up integrated WTG manufacturing facility in Tianjin, China

'''2008'''

• Established Renewable Energy Technology Centre in Germany

• 1st WTG commissioned using Concrete Tower Technology

• Harvard Business School concludes a case study ‘The Suzlon edge’ highlighting Suzlon’s role in Global Energy landscape

'''2009'''

• Forays into Spain, Turkey & Sweden with S88 WTGs

• Australian PM inaugurates the country’s largest Suzlon powered wind farm in Canberra

• Collaborates for academic pursuits with TERI

'''2010'''

• Suzlon crosses the 5,000 MW milestone in India and 2,000 MW in US <ref>{{cite web|url= http://articles.economictimes.indiatimes.com/2010-09-24/news/27573898_1_largest-wind-turbine-manufacturer-wind-power-suzlon-energy-s-chairman|Title= Suzlon crosses 5,000 MW of wind power installations in India| publisher= economictimes| accessdate= Sep 24, 2010}}</ref>

• Commissions maiden projects in Sri Lanka & Bulgaria

'''2011'''

• Enters South African market with 135MW project

• Launched the new S9X suite of WTGs

• Launched Pure Air Lovers Society (P.A.L.S), with over a million members

• Commissions maiden project in Canada with the latest S9X product series


• Suzlon is named ‘New Sustainability Champion’ in a World Economic Forum – Boston Consulting Group study of “fast-growing, high-performing companies” from emerging markets in terms of their environmental and social initiatives.
In 2001, Tanti sold off the textile business, so he could focus on the development of his wind energy business. Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman, Suzlon Group.


'''2012'''
In 2003, Suzlon got its first saddles order in USA, with an order from '''DanMar & Associates''' to supply 24 turbines in southwestern [[Minnesota]].<ref>{{cite web|url=http://www.forbes.com/forbes/2006/0619/124.html |title=Wind Man |publisher=Forbes.com |date=27 October 2006 |accessdate=22 November 2011}}</ref> Also in 2003 Suzlon set up an office in Beijing.<ref name="powerhouses"/>


• Shri Narendra Modi visits One Earth campus
Suzlon Rotor Corporation in 2006 began producing the blades in [[Pipestone, Minnesota]] in the United States. Among its clients is [[Wind capital group|Wind Capital Group]].<ref>[http://www.renewableenergyworld.com/rea/partner/story?id=46688 Renewable energy world]{{dead link|date=November 2011}}</ref>


• Suzlon dedicated its Satara Knowledge Centre to the country
In the year 2006, Suzlon reached a definitive agreement for acquisition of Belgium firm Hansen Transmissions, specializing in gearboxes for wind turbines, for $565 million. In 2007, the company purchased a controlling stake in Germany's [[Senvion]] (then operating as REpower Systems) which valued the firm at US$1.6 billion.


'''2013'''
In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of US for delivery of 150 wind turbines of 2.1 megawatts in 2008 and a similar volume to be delivered in 2009. EME had an option not to purchase the 150 turbines due to be delivered in 2009, which it has chosen to exercise.


• Achieves 8,000 MW in India
In November 2009, the company decided to sell 35% stake of Hansen for $370 million as part of its debt restructuring program, through placing new shares. It appointed Bank of America Merrill Lynch and Morgan Stanley as the managers and book runners for the same.<ref>{{cite web|url=http://www.sharemanthan.in/index.php/component/content/article/61-corporate-update/4482-suzlon-to-sell-35-per-cent-of-hansen |title=सुजलॉन बेचेगी हैनसेन का 35% हिस्सा |publisher=Sharemanthan.in |accessdate=22 November 2011}}</ref><ref>{{cite web|url=http://www.livemint.com/2010/02/01224856/Suzlon-awaiting-large-orders.html |title=Suzlon: awaiting large orders - Money Matters |publisher=livemint.com |date=2 February 2010 |accessdate=22 November 2011}}</ref><ref>{{cite web|author=Business Standard |url=http://www.business-standard.com/india/news/suzlon-some-breeze-finally/10/02/378264/ |title=Suzlon: Some breeze, finally |publisher=Business-standard.com |accessdate=22 November 2011}}</ref>


• Crosses 1,000 MW in Kutch, Gujarat, making it India’s largest wind park
In January 2011, Suzlon received an order worth US$1.28 billion for building 1000 megawatts of wind energy projects from the Indian branch of the [[Lord Swaraj Paul]]-owned Caparo Energy Ltd.<ref>{{cite web|last=Yep |first=Eric |url=http://online.wsj.com/article/SB10001424052748703956604576109362906432814.html |title=Suzlon Energy Bags $1.28 Billion Order - WSJ.com |publisher=Online.wsj.com |date=28 January 2011 |accessdate=22 November 2011}}</ref>


• Suzlon Brazil establishes its first Panel and Hub facility in Maracanau, Brazil.
In May 2011, Suzlon announced returning to profitability after the financial crisis of 2009
<ref>http://www.suzlon.com/images/Media_Center_news/198_Press%20Release.pdf</ref>


'''2014'''
In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions International NV to ZF Friedrichshafen AG for {{INRConvert|8.9|b}}.
<ref>{{cite web|url=http://mobile.bloomberg.com/news/2011-10-07/suzlon-energy-to-receive-178-million-for-hansen-stake-next-week |title=Suzlon Energy to Receive $178 Million for Hansen Stake Next Week- Bloomberg |publisher=Mobile.bloomberg.com |date=7 October 2011 |accessdate=22 November 2011}}</ref>
In the same month, it also achieved full control of its German subsidiary REpower Systems (now [[Senvion]]) by acquiring the remaining 5% stake held by minority shareholders that resisted the takeover. The takeover was completed through the squeeze-out procedure by paying EUR 63 Million.
<ref>{{cite web|last=Yep |first=Eric |url=http://online.wsj.com/article/SB10001424052970203554104577003263853518948.html |title=Suzlon: Completed 'Squeeze-Out' Process of REpower Minority Shareholders - WSJ.com |publisher=Online.wsj.com |date=28 October 2011 |accessdate=22 November 2011}}</ref>


• Launched world’s 1st hybrid WTG with 120m height and 2.1 MW capacity
It has to redeem 500 million worth of FCCB's (foreign currency convertible bonds) in 2012 in tranches of 300 million in June and 200 million in October respectively.
In line with the previously announced strategy to dispose of non-critical group assets to reduce long-term debt, Suzlon Chairman said that Suzlon Energy, will sell stake in its China manufacturing unit to China Power New Energy Development Co. Ltd. for 3.4 billion rupees ($60 million).<ref>{{cite news| url= http://economictimes.indiatimes.com/news/news-by-industry/energy/power/suzlon-group-to-sell-china-unit-for-rs-340-crore/articleshow/14355625.cms| title=http://economictimes.indiatimes.com/news/news-by-industry/energy/power/suzlon-group-to-sell-china-unit-for-rs-340-crore/articleshow/14355625.cms | date=23 June 2012}}</ref>


• Ranked among top 10 OEMs globally
On 30 November 2013 the Suzlon Group subsidiary REpower Systems (now [[Senvion]] SE) won an Engineering, Procurement and Construction (EPC) contract from Mitsui & Co (Australia) Ltd to deliver 52 wind turbines with a total rated output of 106.6 MW for the Bald Hills wind farm in Victoria, Australia.<ref>http://www.thehindubusinessline.com/companies/suzlon-to-supply-52-turbines-to-australian-wind-farm/article5408818.ece</ref>
'''2015'''


• Binding agreement for sale of 100% stake in Senvion SE, Germany to Centrebridge Partners LP, USA
As of August 2014, Suzlon's debt was over {{INR}} 8000 crores.<ref>{{cite news|title=Aim to repay debt, turn profitable by end of FY15: Suzlon|url=http://www.moneycontrol.com/news/business/aim-to-repay-debt-turn-profitable-by-endfy15-suzlon_1143516.html|accessdate=16 February 2015|work=MoneyControl|date=1 August 2014}}</ref> On 22 January 2015, Suzlon announced the sale of [[Senvion]] SE, its wholly owned subsidiary, to [[Centerbridge Partners]], a private equity firm in a deal valued at {{INR}} 7200 crores.<ref name=Centerbridge-deal>{{cite news|title=Suzlon to sell German unit to Centerbridge for €1 bn|url=http://www.thehindubusinessline.com/companies/suzlon-sells-senvion-to-us-co-for-rs-7200-cr/article6811105.ece|accessdate=16 February 2015|work=Hindu Business Line|date=22 January 2015}}</ref> The deal is expected to ease Suzlon's debt burden.<ref name=Centerbridge-deal/> In a further equity infusion, Dilip Shanghvi Family and Associates (DSA), run by [[Dilip Shanghvi]], the founder and managing directory of [[Sun Pharmaceuticals|Sun Pharmaceutical]], agreed to purchase a 23 percent stake in Suzlon for a sum of {{INR}}1800 crores.<ref name=shanghvi-buy>{{cite news|title=Dilip Shanghvi takes 23 per cent stake in debt-laden Suzlon|url=http://businesstoday.intoday.in/story/dilip-shanghvi-takes-23-per-cent-stake-in-debt-laden-suzlon/1/215732.html|accessdate=16 February 2015|work=Business Today|date=14 February 2015|archiveurl=http://web.archive.org/web/20150216042919/http://businesstoday.intoday.in/story/dilip-shanghvi-takes-23-per-cent-stake-in-debt-laden-suzlon/1/215732.html|archivedate=16 February 2015}}</ref> The deal will see Tanti's holding shrink to 24 percent, but management control will still remain with the Tanti family.<ref name=shanghvi-buy/>


• Shareholders agreement with Dilip Sanghvi Associates
== Wind parks ==
Globally, Suzlon has installed over 25000 MW of wind power capacity in 31 countries.<ref name=Company-profile-1>{{cite web|url=http://www.suzlon.com/about_suzlon/l2.aspx?l1=1&l2=1|accessdate=15 February 2015|title=Company Profile}}</ref> Within India, wind power installations built by Suzlon produce over 8000 MW of power.<ref name=Company-profile-1/> Its notable installations in India include
* The 1064 MW [[Jaisalmer Wind Park]] in Rajasthan.<ref>{{cite news|title=Suzlon crosses 1 GW capacity at Jaisalmer park|url=http://articles.economictimes.indiatimes.com/2012-05-11/news/31669217_1_wind-turbine-wind-park-wind-energy|accessdate=15 February 2015|publisher=Economic Times|date=11 May 2012|archiveurl=http://web.archive.org/web/20150215043710/http://articles.economictimes.indiatimes.com/2012-05-11/news/31669217_1_wind-turbine-wind-park-wind-energy|archivedate=15 February 2015}}</ref>
* The 1100 MW wind park in the [[Kutch]] district, [[Gujarat]],<ref name=Mishra-Hindu-2014>{{cite news|last1=Mishra|first1=Lalatendu|title=Suzlon sets up world’s tallest hybrid wind turbine in Kutch|url=http://www.thehindu.com/business/Industry/suzlon-sets-up-worlds-tallest-hybrid-wind-turbine-in-kutch/article6571384.ece|accessdate=15 February 2015|work=The Hindu|date=6 November 2014|archiveurl=http://web.archive.org/web/20141107164946/http://www.thehindu.com/business/Industry/suzlon-sets-up-worlds-tallest-hybrid-wind-turbine-in-kutch/article6571384.ece|archivedate=7 November 2014}}</ref> with plans to expand it to 2000 MW in the next four to six years.<ref name="TIE-2014">{{cite news|title=Suzlon to complete Kutch wind farm in next four years, says CMD Tanti|url=http://indianexpress.com/article/india/gujarat/suzlon-to-complete-kutch-wind-farm-in-next-four-years-says-cmd-tanti/|accessdate=15 February 2015|work=The Indian Express|date=6 November 2014|archiveurl=http://web.archive.org/web/20141201225239/http://indianexpress.com/article/india/gujarat/suzlon-to-complete-kutch-wind-farm-in-next-four-years-says-cmd-tanti/|archivedate=1 December 2014}}</ref> As of February 2015, this is the largest wind park in Asia at a single location.<ref name=Mishra-Hindu-2014/>
* A 584 MW wind park in the [[Eastern Ghats]], ([[Tamil Nadu]]).<ref>{{cite news|title=Suzlon Energy faces serious debt crisis|url=http://asian-power.com/environment/news/suzlon-energy-faces-serious-debt-crisis|accessdate=15 February 2015}}</ref>
* The 210 MW Vankusawade Wind Park near the [[Koyna Wildlife Sanctuary|Koyna]] reservoir in the [[Satara]] district of [[Maharashtra]].<ref>{{cite web|title=Among the clouds|url=http://www.powertoday.in/News.aspx?nId=OqlYYE0cesCp9XfI6VCtIw==&NewsType=Among-the-clouds-India-Sector|website=Power Today|publisher=Power Today|accessdate=15 February 2015}}</ref>


In 2012, Suzlon signed an [[Expression of Interest]] with the government of Karnataka to develop 2500 MW of wind power in the state between 2012 and 2017.<ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2012-06-07/news/32101295_1_wind-power-capacity-wind-turbine-manufacturer-wind-farms|accessdate=15 February 2015|work=Economic Times|date=7 Jun 2012|archiveurl=http://web.archive.org/web/20150215051910/http://articles.economictimes.indiatimes.com/2012-06-07/news/32101295_1_wind-power-capacity-wind-turbine-manufacturer-wind-farms|archivedate=15 February 2015|title=Suzlon signs EoI to develop 2,500 mw of wind power capacity}}</ref>


== See also ==
== See also ==

Revision as of 09:52, 15 July 2015

Suzlon Energy Limited
Company typePublic company
BSE: 532667
NSE: SUZLON
IndustryRenewable energy
Founded1995
FounderTulsi Tanti
HeadquartersPune, India
ProductsWind Turbines
Revenue₹204.0286 billion (US$2.4 billion) (2014)[1]
Suzlon generators behind a vintage gas pump at the Bluegrass Ridge Wind Farm in King City, Missouri

Suzlon Energy is a leading Indian Wind Turbine Manufacturer with a global footprint which extends across Asia, Australia, Europe, Africa and North and South America. [2]. Over the past two decades, Suzlon has built and consolidated its presence in over 17 countries, by crossing 14,553 MW of wind power installations globally. [3]. Suzlon’s global wind installations help in reducing 44 million tonnes of CO2 emissions every year. The company has 14 vertically integrated, low cost manufacturing facilities across India, China and USA and a dynamic workforce of over 6,900 employees.

Company description

Suzlon Group has an extensive range of robust and reliable products designed for various wind conditions and to cater to local geographies. [4] . Suzlon pioneered the 'Concept to Commissioning' model in the wind energy industry. Suzlon invests in vertical integration and its strong in-house R&D set-up is focused on bringing down Cost of Energy (COE). The Group’s Operation & Maintenance Services (OMS) division has more than 14GW globally under service while it’s monitoring centre SCADA monitors and operates wind turbines across regimes and geographies. With ‘Powering a greener tomorrow - Today ’, as its vision, Suzlon Group has mandated Suzlon Foundation, a body established by Suzlon that looks into CSR; and ensures sustainability across all its business operations. [5]. Suzlon’s Headquarters, One Earth, located in Pune is environment friendly and is in sync with the Group’s motive. One Earth is LEED certified and one of the greenest Corporate Campuses in the world with Platinum LEED Certification. [6]


Products

* S111 - 2.1 MW
* S97 - 2.1 MW
* S95 - 2.1 MW
* S88 - 2.1 MW
* S82 - 1.5 MW
* S66 - 1.25 MW
* S52 - 600 kW

History

The year 1995 marks the genesis of Suzlon. Tulsi Tanti, the founder of the group, came up with the idea while he was managing a 20 employee textile company. [7]. The biggest challenge he faced at that time was the erratic supply and high cost of electricity which offset any profits made by the company. He accidently ventured into Wind energy, while exploring various solutions to this problem. He could foresee an opportunity to leverage Wind energy to ensure stable supply of power for its textile units. The idea of wind turbines took root then and 2 wind turbines were installed in Rajkot, in Gujarat for supplying energy to his business of cold storage and textile mills. But this venture set him thinking of greater use of wind energy and thus was born Suzlon Energy, to cater to the energy requirements of other industries in India. Suzlon adopted a business model wherein clients would be responsible for 25% of the up-front capital investment and Suzlon would arrange the remaining 75% on loan. Initially banks were hesitant to fund loans for this model but by 2008, 40-50 Indian banks were financing wind power projects. In 2001, Tanti sold off the textile business, so he could focus on the development of his wind energy business. Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman, Suzlon Group. [8]


One Earth Campus

One Earth campus is Suzlon’s global corporate headquarters spread over 10 acres of land in Hadapsar, Pune, India. The campus was conceived with a business and functional need to bring all business verticals and corporate services under one roof. [9] One Earth campus provides for a 24x7 globally shared service that forms a strategic 'think tank' for the group across all verticals and locations. The campus is the knowledge and support base for global operations. [10] The One Earth Campus also offers a range of economic and environmental benefits like enhanced comfort for its occupants that help improve productivity. The campus saves 30% to 40% in operating cost, leading to 40% energy savings and 30% lesser water consumption. [11]. One of the most important goals of the One Earth project was to establish an efficient water management plan that included measures such as rain water harvesting, and water recycling systems. [12] The buildings also maintain high health and safety standards for its occupants and ensure prompt medical assistance. [13]


Research and Development

Suzlon’s research and development leverages the best technology to create products that deliver high performance and reliability in tough and diverse operating environments. With world class design and R&D experts, and state of art facilities in Germany, India and the Netherlands, Suzlon’s R&D is the perfect balance of global experience and in-depth expertise


Country City Unit
Germany Rostock, Berlin and Hamburg Suzlon product development
Germany Bochum Suzlon drive train technology
India Vadodara Blade Test Centre (BTCG)
India Pune and Chennai Engineering (Technical Service Group)
Denmark Aarhus Global Wind and Site Knowledge Centre, SCADA, Control systems, Blade development
Netherlands Hengelo Engineering (TSG), Blade Development

Suzlon Foundation

The Suzlon Group endorsed the CSR mission in December 2007, and launched the Suzlon Foundation to lead corporate social responsibility initiatives. With the motto “Powering a Greener Tomorrow”, Suzlon is committed to sustainable development. [14]

Across India, in eight states and two union territories, Suzlon is involved in various CSR activities. Active community participation and sizable contribution in cash and kind indicate that these CSR programs create shared value. [15]. It is a partnership in development, with all stakeholders making their own contributions to enhance natural, financial, social, human and physical resources. [16]

Here are some facts and figures of Suzlon’s CSR campaigns: • Treated over 3,627 Ha of land & planted over 11,09,993 trees • Ensured better education opportunities to 1,35,192 students • Strengthened 3,074 Community Based Organizations (CBO’s) • Lit up homes with more than 2,517 solar lighting systems

Involving employees in such activities is an important part of CSR at Suzlon. They believe that an organization can be responsible only if its employees are involved in the process. Hence, cultivating responsible behavior and citizenship is very significant for them. This helps better integration of CSR perspective in business practices and encourages conscientious individual behavior. [17]

Recognition

- Received Civic Award from Bombay Chamber of Commerce under Social Development Category – 2010-11 - Received recognition from FE-EVI as “Green Business Leader” – 2010-11 [18] - - Received Aajtak Care Award under Environment Category – 2011-12 - Received Asia’s Best CSR Practices Award from CMO Asia – 2011-12 - Business World-FICCI Corporate Social Responsibility Award in recognition of the commendable work done by Suzlon as a socially responsible company – 2011-12 [19]

- CII-ITC Sustainability Awards: Commendation for Significant Achievement in Corporate Social Responsibility for Commendable Results from Deploying Policies and Processes in Category A – December 2014


Milestones

1995

• Pioneered End to end solutions for wind energy in India [20]

• First technology collaboration with Sudwind, Germany [21]

• Introduced largest WTG of 350 kW in India[22]

1996

• Brand Suzlon launched [23]

• First WTG commissioned for IPCL, Gujarat

• Established indigenous technology centre

1997

• Det Norse Veritas (DNV) Certification

• ISO 9001/2 Certification for Suzlon [24]

1999

• Awarded a prestigious contract from the Tata Group

2000

• Commissioned the first 1 MW WTG for the Tata Group [25]

• Commissioned the 1st 50MW site at Satara [26]

2001

• Suzlon goes Global - forays into US with SWECO, partnered for R&D operations [27]

• Produced 1st WTG Blade with indigenous technology

• SE Blades Technology for rotor blades evolves after strategic partnership with Aerpac (Almelo, NL)

2002

• Suzlon sets footprint in Germany, Europe [28]

• Successfully commissioned its first WTG in US

2003

• Another giant leap with foray into China for integrated WTG facilities

• 1st Asian company to export WTG technology in the developed market of US

• Citibank International Financial Corporation & ChrysCapital III of Mauritius invests USD 24.34 mn each

2004

• Sets footprint in Australia

• Became self-reliant by establishing manufacturing capabilities for Generators & Towers

• Sets up R&D Centre in Denmark for SCADA and blade testing

• Backward integration initiative: formation of Suzlon Control Systems

2005

• Crosses 1,000 MW of global installations

• Suzlon Energy Ltd market share in India crosses 50% [29]

• Successfully launched the IPO on the BSE & NSE

• Expanded geographical reach across Asia with maiden orders in Korea & China

2006

• Acquisition of Hansen, a major industrial gearbox manufacturer

• Bags the contract to build Australia’s largest wind farm project

• 1st rotor blade testing facility outside Europe established in Gujarat

• Commenced R&D operations for TU-Delft University, Netherlands

2007

• Acquisition of Senvion, German off-shore major

• India’s largest investment in Germany of 1.4 bn Euro Market cap 12 bn $

• Successful listing of Hansen on the London Stock Exchange

• Suzlon increases its installed capacity in the US to 1000 MW, signs pact with Edison Mission Group [30]

• Sets up integrated WTG manufacturing facility in Tianjin, China

2008

• Established Renewable Energy Technology Centre in Germany

• 1st WTG commissioned using Concrete Tower Technology

• Harvard Business School concludes a case study ‘The Suzlon edge’ highlighting Suzlon’s role in Global Energy landscape

2009

• Forays into Spain, Turkey & Sweden with S88 WTGs

• Australian PM inaugurates the country’s largest Suzlon powered wind farm in Canberra

• Collaborates for academic pursuits with TERI

2010

• Suzlon crosses the 5,000 MW milestone in India and 2,000 MW in US [31]

• Commissions maiden projects in Sri Lanka & Bulgaria

2011

• Enters South African market with 135MW project

• Launched the new S9X suite of WTGs

• Launched Pure Air Lovers Society (P.A.L.S), with over a million members

• Commissions maiden project in Canada with the latest S9X product series

• Suzlon is named ‘New Sustainability Champion’ in a World Economic Forum – Boston Consulting Group study of “fast-growing, high-performing companies” from emerging markets in terms of their environmental and social initiatives.

2012

• Shri Narendra Modi visits One Earth campus

• Suzlon dedicated its Satara Knowledge Centre to the country

2013

• Achieves 8,000 MW in India

• Crosses 1,000 MW in Kutch, Gujarat, making it India’s largest wind park

• Suzlon Brazil establishes its first Panel and Hub facility in Maracanau, Brazil.

2014

• Launched world’s 1st hybrid WTG with 120m height and 2.1 MW capacity

• Ranked among top 10 OEMs globally

2015

• Binding agreement for sale of 100% stake in Senvion SE, Germany to Centrebridge Partners LP, USA

• Shareholders agreement with Dilip Sanghvi Associates


See also

Wikimedia Commons has media related to Suzlon Energy.

18°30′43″N 73°56′08″E / 18.51186°N 73.935655°E / 18.51186; 73.935655 (Bombay Stock Exchange)

References

[32]

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