With this wind power order, Suzlon’s installation base increased to 1,119.8 MW in China, it added.
Suzlon Energy has big plans in China, though these may take some time to put through. These include a research and development centre and listing its Chinese subsidiary, Suzlon Energy (Tianjin) Ltd, on the Hong Kong Stock Exchange, in a few years.
Present in China since 2006, it is the eighth largest wind power company there. China added 13.7 Gigawatts last year and with an installed capacity of 25.85 GW of wind energy, is one of the fastest growing markets in the world. The annual growth rate is 115 per cent, said Suzlon executives.
Suzlon employs about 800 people in China. Its subsidiary, REpower, in which Suzlon holds over 90 per cent stake, has an assembling unit in China and employs 100 people in China. REpower, a specialist in making offshore wind turbines, was exploring a joint venture to make these in China with a local partner.
Suzlon, the leader in the Indian wind energy stage, has maintained market leadership by capturing ~50 per cent market share for 12 consecutive years. Suzlon offers the concept-to-commissioning business model to wind energy investors in India – providing a comprehensive suite of services from turbine supply, to EPC, lifetime operations and maintenance and other value added services covering the entire value chain.
The success of the model is seen in Suzlon’s rapid growth in India – with over 40 sites across eight states, and an installed base more than 5,000 MW and a customer portfolio that captures the leaders of the Indian Industry. In Rajasthan alone, Suzlon has an installed base of over 600 MW.