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Suzlon

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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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 Limited, was 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 – 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.

About Suzlon

Suzlon Group is a leading Indian Wind Turbine Manufacturer with a global footprint which extends across Asia, Australia, Europe, Africa and North and South America. [3]. 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. [4] . 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 Group has an extensive range of robust and reliable products designed for various wind conditions and to cater to local geographies. [5]. 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. [6] 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. [7]

Suzlon 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. [8] 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. [9]

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. [10] 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. [11] 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. [12]. 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. [13] The buildings also maintain high health and safety standards for its occupants and ensure prompt medical assistance. [14]

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

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 Unit
Germany Rostock, Berlin and Hamburg – Suzlon product development
Bochum – Suzlon drive train technology
India Vadodara – Blade Test Centre (BTCG)Pune
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. [15] 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. [16]. It is a partnership in development, with all stakeholders making their own contributions to enhance natural, financial, social, human and physical resources. [17] 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. [18]

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 [19]
  • 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 [20]
  • 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 [21]

• First technology collaboration with Sudwind, Germany [22]

• Introduced largest WTG of 350 kW in India[23]

1996

• Brand Suzlon launched [24] • First WTG commissioned for IPCL, Gujarat • Established indigenous technology centre

1997

• Det Norse Veritas (DNV) Certification • ISO 9001/2 Certification for Suzlon [25]

1999

• Awarded a prestigious contract from the Tata Group

2000

• Commissioned the first 1 MW WTG for the Tata Group [26] • Commissioned the 1st 50MW site at Satara [27] 2001 • Suzlon goes Global - forays into US with SWECO, partnered for R&D operations [28] • 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 [29] • 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% [30] • 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 [31] • 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 [32] • 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

[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. ^ "Suzlon Energy". Enerasia 2015. Retrieved 26 June 2015.
  4. ^ "Suzlon Energy". wikinvest. Retrieved 26 June 2015.
  5. ^ "Hitting the pockets?". thehumanfactor. Retrieved 1 January 2013.
  6. ^ "Suzlon launches new brand campaign p.a.l.s." bestmediainfo. Retrieved 10 August 2011.
  7. ^ "How well do you know green building certifications". moneycontrol. Retrieved june 26,2015. {{cite web}}: Check date values in: |accessdate= (help)
  8. ^ "suzlon energy". self.gutenberg. Retrieved 26 June 2015.
  9. ^ "suzlon energy". moneycontrol. Retrieved 26 June 2015.
  10. ^ "Suzlon One Earth, Pune". mgsarchitecture. Retrieved April 2014. {{cite web}}: Check date values in: |accessdate= (help)
  11. ^ "Suzlon One Earth Global Corporate Headquarters / Christopher Benninger". archdaily. Retrieved 14 January 2014.
  12. ^ "Suzlon One Earth – LEED Rated Green Building in Pune". greenbuildingsindia. Retrieved 7 August 2013.
  13. ^ "India's Top 10 Eco-Friendly Companies". docslide. Retrieved 26 June 2015.
  14. ^ "Suzlon One Earth Global Corporate Headquarters / Christopher Benninger". archdaily. Retrieved 14 January 2014.
  15. ^ . projectgreenhands http://www.projectgreenhands.org/our-partners/corporate-partners/125. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  16. ^ . karmayog http://www.karmayog.org/csr501to1000/csr501to1000_21947.htm. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  17. ^ . chennailivenews http://www.chennailivenews.com/Business/Features/20124704114710/Suzlon-Foundation-going-places.aspx. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  18. ^ . eventfaqs http://www.eventfaqs.com/news/ef-05200/suzlon-foundation-marks-five-y-1325594399028html#.VYz7QdyVgdV. Retrieved 4 January 2012. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  19. ^ . scribd http://www.scribd.com/doc/127364142/Suzlon-Enegry-Ltd-11-Annual-Report-PDF#scribd. Retrieved 26 February 2013. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  20. ^ . indiacsr http://www.indiacsr.in/en/suzlon-group-conserved-65749-cum-water-300-wells-recharged/. Retrieved June 9th, 2015. {{cite web}}: Check date values in: |accessdate= (help); Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  21. ^ . indiacore http://www.indiacore.com/company-focus/2009-nov-suzlon.html. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  22. ^ . economictimes http://economictimes.indiatimes.com/suzlon-energy-ltd/infocompanyhistory/companyid-1209.cms. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  23. ^ . profit.ndtv http://profit.ndtv.com/stock/suzlon-energy-ltd_suzlon/reports. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
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  27. ^ . greentechlead http://www.greentechlead.com/solar/suzlon-set-foot-solar-energy-market-india-20547. Retrieved 20 December 2014. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  28. ^ . tribuneindia http://www.tribuneindia.com/2006/20060905/biz.htm. Retrieved 5 September 2006. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  29. ^ . economictimes http://articles.economictimes.indiatimes.com/2007-03-16/news/28390898_1_shares-of-suzlon-energy-new-bid-areva. Retrieved 16 March 2007. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
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  31. ^ . economictimes http://economictimes.indiatimes.com/suzlon-energy-ltd/infocompanyhistory/companyid-1209.cms. Retrieved 26 June 2015. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)
  32. ^ . economictimes http://articles.economictimes.indiatimes.com/2010-09-24/news/27573898_1_largest-wind-turbine-manufacturer-wind-power-suzlon-energy-s-chairman. Retrieved 24 September 2010. {{cite web}}: Missing or empty |title= (help); Unknown parameter |Title= ignored (|title= suggested) (help)

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