Suzlon eyes $1-bn worth of new wind energy orders every qtr

Wind power major Suzlon Energy, which recently took complete control of its German subsidiary REpower, has said it will focus on value engineering to remain competitive and has set a target of bagging $1 billion worth of new orders every quarter for the next few years.

"We are working on value engineering by introducing new products like the S9X series of turbines that will not only enable us reduce cost, but also give us a competitive advantage in the market. With the new technology, we aim to bag orders worth $1 billion every quarter, every year," Suzlon Energy chairman and managing director Tulsi R Tanti said in an interview here.

Currently, the Pune-based world’s fifth largest wind turbine maker’s order-book stands at $7 billion and has a topline of $5 billion.

The company has created the S9X suite of low wind speed turbines – S95 and 7, with a 2.1 MW rating for all markets, which is an advancement over the successful S88 wind turbines.

"The smart S9X innovation and comprehensive design increases energy yield by 14-19 per cent, improves service ability and ease of maintenance," Tanti said.

The 2 MW-class turbines come in two variants of 90-m and 100-m hub heights and the rotor diameter of 95 m and 97 m.

"The wind energy industry is rapidly evolving. The center of gravity has shifted to emerging markets, which are re-shaping the renwable energy sector. This shift is also dictating the direction of technology development, as more moderate and low wind farm sites become available in these new markets. The S9X suite of wind turbines has been developed to take advantage of these emerging opportunities," Tanti said, adding Suzlon has already received orders for 800 MW for its this new turbine.

Suzlon has also started working on manufacturing products in the 9X suite, with a capacity of 3 MW and 6 MW. While the 2 MW turbines are designed for developing markets, the 3 MW will cater to the developed markets and the 6 MW for the offshore markets, he said.