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Coordinates: 18°30′43″N 73°56′08″E / 18.51186°N 73.935655°E / 18.51186; 73.935655 (Bombay Stock Exchange)
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→‎Wind parks: Partially completed re-organization of the wind parks section. Added references to major Suzlon installations in India, removed dead links, and provided estimates of Suzlon's installed capacity.
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Suzlon has cumulatively added over 7,600 megawatts of wind power capacity for over 1,700
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,
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{{Citation needed|date= May 2011}}.
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{{cite web|url=http://www.suzlon.com/about_suzlon/l4.aspx?l1=1&l2=3&l3=5&l4=26|accessdate=15 February 2015}}.
Suzlon is India's leading wind turbine manufacturer and has been leading the wind energy market in India for the past 15 years 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.
Suzlon is India's leading wind turbine manufacturer and has been leading the wind energy market in India for the past 15 years 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.


Revision as of 05:27, 15 February 2015

Suzlon Energy Limited
Company typePublic company
BSE: 532667
NSE: SUZLON
IndustryRenewable energy
Founded1995
FounderTulsi Tanti
HeadquartersPune, India
Key people
Tulsi Tanti, Chairman
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 Limited, ranked as the world’s fifth largest[2] 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 offers one of the most comprehensive product portfolios – ranging from sub-megawatt onshore turbines at 600 Kilowatts(KW), to the world’s largest commercially-available offshore turbine at 6.15 MW – with a vertically integrated, low - cost, manufacturing base.

The Group – headquartered at Suzlon One Earth in Pune, India – comprises Suzlon Energy Limited and its subsidiaries, including Senvion SE.

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

Company description

Suzlon is a vertically integrated wind power company. Suzlon makes and installs windmills.[3] The company manufactures blades, generators, panels, and towers in-house and large or offshore turbines through its subsidiary Senvion. The company is integrated 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.

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.[4] 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[5] Also in 2003 Suzlon set up an office in Beijing.[6] 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 http://www.suzlon.com/about_suzlon/l4.aspx?l1=1&l2=3&l3=5&l4=26. Retrieved 15 February 2015. {{cite web}}: Missing or empty |title= (help). Suzlon is India's leading wind turbine manufacturer and has been leading the wind energy market in India for the past 15 years 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

  • 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

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.[6]. The cost of electricity also offset any profits made by the company.[7] 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.[8] 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.[6]

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.

In 2003, Suzlon got its first sadddles order in USA, with an order from DanMar & Associates to supply 24 turbines in southwestern Minnesota.[9] Also in 2003 Suzlon set up an office in Beijing.[6]

Suzlon Rotor Corporation in 2006 began producing the blades in Pipestone, Minnesota in the United States. Among its clients is Wind Capital Group.[10]

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.

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.

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.[11][12][13]

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.[14]

In May 2011, Suzlon announced returning to profitability after the financial crisis of 2009 [15]

In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions International NV to ZF Friedrichshafen AG for ₹8.9 billion (US$110 million). [16] 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. [17]

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).[18]

On 30 Nov 2013 Suzlon Group subsidiary REpower Systems (now Senvion SE) bagged 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.[19]

Wind parks

Globally, Suzlon has installed over 25000 MW of wind power capacity in 31 countries[20]. Within India, wind power installations built by Suzlon produce over 8000 MW of power[21]. Its notable installations in India include

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[27].

Awards

Awards won by Suzlon in last two years:

  • Suzlon receives "Top 100 CISO Award": Honored by receiving the "Top 100 CISO Award" for its OMS Information security project.
  • Business world FICCI Corporate Social Responsibility Awards 2011-12: Suzlon awarded the Appreciation Plaque for being a Socially Responsible Company
  • Superbrand: Suzlon wins the 4th Edition of Consumer Superbrand for 2012
  • World Consulting & Research Corporation: Suzlon chosen as Asia's Most Promising Brand (Energy)
  • World Consulting & Research Corporation: Asia's Most Promising Business Leaders from India – Tulsi Tanti
  • Business Initiative Direction (BID): Gold Award for excellence and business prestige
  • Quality Forum of India, Pune Chapter: HSE (Environment) Improvement Project - Silver award for Best Quality Practice

See also

Wikimedia Commons has media related to Suzlon Energy.

External links

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

References

[2]

  1. ^ http://www.suzlon.com/images/investor_annual_result/22_Suzlon_Annual_Report_2013-14.pdf
  2. ^ a b Source: *MAKE Report: Global Wind Turbine OEM 2013 Market Share.
  3. ^ Company Profile: Suzlon
  4. ^ "Suzlon crosses 5,000 megawatts of wind power installations in India". February 2010.
  5. ^ "Suzlon Group crosses 22000 megawatts in wind power installations across the world" (PDF). Suzlon. 16 December 2010. Retrieved 15 September 2012.
  6. ^ a b c d Kumar, Nirmalya (2009). India's Global Powerhouses. Harvard Business Press. pp. 136–8. ISBN 978-1-4221-4762-7. {{cite book}}: |access-date= requires |url= (help)
  7. ^ Heroes of the Environment, Time, 17 October 2007, accessed on 26 December 2009.
  8. ^ "India's 40 Richest". Forbes.com. 17 November 2006. Archived from Forbes the original on 27 July 2012. Retrieved 14 February 2015. {{cite web}}: Check |url= value (help)
  9. ^ "Wind Man". Forbes.com. 27 October 2006. Retrieved 22 November 2011.
  10. ^ Renewable energy world[dead link]
  11. ^ "सुजलॉन बेचेगी हैनसेन का 35% हिस्सा". Sharemanthan.in. Retrieved 22 November 2011.
  12. ^ "Suzlon: awaiting large orders - Money Matters". livemint.com. 2 February 2010. Retrieved 22 November 2011.
  13. ^ Business Standard. "Suzlon: Some breeze, finally". Business-standard.com. Retrieved 22 November 2011. {{cite web}}: |author= has generic name (help)
  14. ^ Yep, Eric (28 January 2011). "Suzlon Energy Bags $1.28 Billion Order - WSJ.com". Online.wsj.com. Retrieved 22 November 2011.
  15. ^ http://www.suzlon.com/images/Media_Center_news/198_Press%20Release.pdf
  16. ^ "Suzlon Energy to Receive $178 Million for Hansen Stake Next Week- Bloomberg". Mobile.bloomberg.com. 7 October 2011. Retrieved 22 November 2011.
  17. ^ Yep, Eric (28 October 2011). "Suzlon: Completed 'Squeeze-Out' Process of REpower Minority Shareholders - WSJ.com". Online.wsj.com. Retrieved 22 November 2011.
  18. ^ "http://economictimes.indiatimes.com/news/news-by-industry/energy/power/suzlon-group-to-sell-china-unit-for-rs-340-crore/articleshow/14355625.cms". 23 June 2012. {{cite news}}: External link in |title= (help)
  19. ^ http://www.thehindubusinessline.com/companies/suzlon-to-supply-52-turbines-to-australian-wind-farm/article5408818.ece
  20. ^ "Company Profile". Retrieved 15 February 2015. {{cite web}}: Text "Suzlon" ignored (help)
  21. ^ "Company Profile". Retrieved 15 February 2015. {{cite web}}: Text "Suzlon" ignored (help)
  22. ^ "Suzlon crosses 1 GW capacity at Jaisalmer park". Economic Times. 11 May 2012. Retrieved 15 February 2015. {{cite news}}: |archive-url= requires |archive-date= (help)
  23. ^ a b Mishra, Lalatendu (6 November 2014). "Suzlon sets up world's tallest hybrid wind turbine in Kutch". The Hindu. Archived from the original on 07 November 2014. Retrieved 15 February 2015. {{cite news}}: Check date values in: |archivedate= (help)
  24. ^ "Suzlon to complete Kutch wind farm in next four years, says CMD Tanti". The Indian Express. 06 November 2014. Archived from the original on 01 December 2014. Retrieved 15 February 2015. {{cite news}}: Check date values in: |date= and |archivedate= (help)
  25. ^ "Suzlon Energy faces serious debt crisis". Retrieved 15 February 2015.
  26. ^ "Among the clouds". Power Today. Power Today. Retrieved 15 February 2015.
  27. ^ Economic Times. 07 Jun 2012 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. Archived from the original on 15 February 2015. Retrieved 15 February 2015. {{cite news}}: Check date values in: |date= (help); Missing or empty |title= (help)

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