Suzlon Group, India’s largest renewable energy solutions provider, announced today that it has appointed Mr. Ashwani Kumar as its Group CEO. Ashwani Kumar, with over three decades of experience in the areas of projects, business development and finance at leading Indian Power and Infrastructure companies is a Mechanical Engineer, and an alumnus of IIM Bangalore … Continue reading Suzlon appoints Ashwani Kumar as Group Chief Executive Officer
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Suzlon Energy loss widens to nearly Rs 399 cr in June quarter
Suzlon Energy COO V R Tanti said the COVID-19 pandemic and the implementation of the debt restructuring which was completed on June 30, 2020, impacted the wind turbine generator (WTG) business in the first quarter. Suzlon Energy on Saturday reported widening of its consolidated net loss to Rs 398.86 crore in the April-June quarter compared … Continue reading Suzlon Energy loss widens to nearly Rs 399 cr in June quarter
Continue readingThe crisis of the wind energy company Suzlon
Suzlon Group, India’s largest renewable energy solutions provider, announced its fourth quarter (Q4 FY20) and annual audited results for financial year 2019-20 (FY20). J P Chalasani, Group CEO, said, “It was a highly challenging year where the market remained restricted to very low volumes and the country witnessed only 20% capacity utilization. Suzlon has installed … Continue reading The crisis of the wind energy company Suzlon
Continue readingSuzlon successfully completes Debt Restructuring
Balance Debt of secured consortium lenders replaced by 0.01% Optionally Convertible Debenture (OCD) of the Company and 0.0001% Compulsorily Convertible Preference Shares (CCPS) of its subsidiary redeemable or convertible in 20 years. Suzlon Group, India’s largest wind energy solutions provider, announced the completion of its Debt Restructuring. Tulsi Tanti, Founder and CMD, Suzlon Group, said … Continue reading Suzlon successfully completes Debt Restructuring
Continue readingSuzlon Shareholders approve Resolutions for Debt Restructuring
Suzlon Group, India’s largest renewable energy solutions provider, announced the outcome of its Extra-ordinary General body Meeting (EGM). J P Chalasani, Group CEO, said, “We are pleased with the outcome of the shareholder’s approval, where they have whole heartedly supported all the resolutions, clearing the path for completion of our Debt Restructuring process. Stakeholders have … Continue reading Suzlon Shareholders approve Resolutions for Debt Restructuring
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Vestas led wind turbines for wind energy in 2019
The commissioning of wind turbines for wind power increased by 21% to 61GW in 2019, with Danish manufacturer Vestas once again taking first place despite its market share being reduced and despite Vestas installing less capacity than the previous year. Only four wind turbine manufacturers accounted for 55% of the total wind capacity commissioned last … Continue reading Vestas led wind turbines for wind energy in 2019
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Wind energy in India, Siemens Gamesa and Suzlon accumulate 49% of wind turbines
Siemens Gamesa, Suzlon grab 49% of India’s wind turbine market share in 2019. Vestas, Inox Wind, GE Renewable Energy, and Envision Energy together took 47 per cent of wind power market share and the remaining 4 per cent was supplied by five other manufacturers. Wind turbine maker, Siemens Gamesa, emerged as India’s top turbine supplier … Continue reading Wind energy in India, Siemens Gamesa and Suzlon accumulate 49% of wind turbines
Continue readingSuzlon announces Q1 FY20 results
Suzlon Group, India’s largest renewable energy solutions provider, announced its first quarter results for financial year 2019-20 (Q1 FY20). J. P. Chalasani, Group CEO, said, “We continue to witness sectoral slowdown, owing to the prolonged industry transition to the bidding regime and policy uncertainty in few states. On the positive side, tariffs are stabilizing and … Continue reading Suzlon announces Q1 FY20 results
Continue readingSuzlon Energy offers to repay $1.2 bn for stressed debt settlement
India’s troubled wind-turbine maker Suzlon Energy Ltd. offered to repay about 85 billion rupees ($1.2 billion) to lenders as part of a bad-debt resolution plan, people with knowledge of the matter said. Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon’s debt if the … Continue reading Suzlon Energy offers to repay $1.2 bn for stressed debt settlement
Continue readingSuzlon maintains wind power market leadership in FY19
Suzlon Group, India’s largest renewable energy solutions provider, announced it’s fourth quarter (Q4 FY19) and annual audited results for financial year 2018-19 (FY19) J P Chalasani, Group CEO, said, “We continued to maintain market leadership and deliver highest installations amidst a prolonged and challenging industry transition to the bidding regime. The achievement demonstrates our strong … Continue reading Suzlon maintains wind power market leadership in FY19
Continue readingRenewable energy students tour Suzlon Wind Turbine Training Center
On April 27, renewable energy students Nick Hieb, Jason Coddington, Katelyn Donnagan, Alex Reis, Domonic Lange, Katrina Keller, and John Lechner, along with facutly advisor Matt Aldeman toured the Suzlon Wind Turbine Training Center in Elgin. The students were able to see the training center’s classroom and training equipment up close. The Suzlon Wind Turbine … Continue reading Renewable energy students tour Suzlon Wind Turbine Training Center
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Suzlon Global Services Limited wins 1st Prize at the prestigious IMC Ramkrishna Bajaj National Quality Award
Award recognizes performance excellence, quality & fostering competitiveness. Massive fleet of 8700+ wind turbines | 12+ GW | 150+ wind power sites under management. Managing assets worth INR ~75,000 crores for customers and their lenders. Managing over 35% of entire Indian wind energy installed capacity. Delivers +97.4% fleet machine availability and 9% higher generation energy … Continue reading Suzlon Global Services Limited wins 1st Prize at the prestigious IMC Ramkrishna Bajaj National Quality Award
Continue readingSuzlon well positioned to capitalise on volume growth
Suzlon Group, India’s largest renewable energy solutions provider, announced its 9 M FY19 results. J P Chalasani, Group CEO, said, “We continue to strengthen our position in the Indian wind industry with 2 orders totalling ~328 MW won from Adani Green Energy under auctions. We are on track with the execution of our order book … Continue reading Suzlon well positioned to capitalise on volume growth
Continue readingSuzlon commissions second wind power project for HAL
The two wind energy projects will cater to about 46.6% of HAL’s energy consumption. This wind farm project comprises of four revolutionary Suzlon S111-120m 2.1 MW wind turbines. Project will help in offsetting ~25,162tonnes of CO2 emissions annually, Suzlon Energy Ltd, one of the leading global renewable energy solutions provider, today announced the successful commissioning … Continue reading Suzlon commissions second wind power project for HAL
Continue readingSuzlon secures 50.4 MW wind power order from Atria Power
Suzlon Group, India’s largest renewable energy solutions provider, announced its maiden order win for development of 50.4 MW wind farm from Atria Power. Suzlon will install 12 wind turbines of S111-140m and 12 wind turbines of S120-140m with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each. The project is located … Continue reading Suzlon secures 50.4 MW wind power order from Atria Power
Continue readingSuzlon secures 50.4 MW wind energy order from Atria Power
Suzlon Group, India’s largest renewable energy solutions provider, today announced its maiden order win for development of 50.4 MW wind power project from Atria Power. Suzlon will install 12 units of S111-140m and 12 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each. … Continue reading Suzlon secures 50.4 MW wind energy order from Atria Power
Continue readingSembcorp Commissions 250 MW Wind Energy Project In Tamil Nadu
Sembcorp Energy India (SEIL) and Suzlon Group Friday announced completion of a 250 MW wind power project, which was the first wind energy project auctioned by the Solar Energy Corporation of India (SECI). The wind farm was dedicated to the nation by Power and New & Renewable Energy Minister Raj Kumar Singh at the 2nd … Continue reading Sembcorp Commissions 250 MW Wind Energy Project In Tamil Nadu
Continue readingSuzlon wants to test overseas wind power markets again:
The Pune-based company was on a leveraged expansion spree when the global markets were good and used to draw close to around 60 per cent income from outside. But the global financial crisis of 2008 choked investment into green energy space crippling the wind energy space. Having gone through a debt restructuring, the Tulsi Tanti-founded … Continue reading Suzlon wants to test overseas wind power markets again:
Continue readingSuzlon to build wind farm in Bosnia
Suzlon Energy on Wednesday won the right to build a 25.2 megawatt (MW) wind farm in Bosnia to help it cut greenhouse gas emissions and meet the EU renewable energy standards. The concession was awarded for a period of 30 years with a possibility to extend it. The wind farm, consisting of 12 turbines with … Continue reading Suzlon to build wind farm in Bosnia
Continue readingSuzlon commissions 626 MW in FY18
Wind Energy Major, Suzlon Group, on Monday said that it has commissioned 626 MW of wind power projectsi n the financial year 2017-18 (FY18), the highest installations by any player during this fiscal. With this, Suzlon has gained a market share of 35 per cent despite an extremely challenging year for the sector and several … Continue reading Suzlon commissions 626 MW in FY18
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