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Suzlon commissions 900 MW in FY16 in India

Renewable energy solutions provider Suzlon has announced that it has commissioned 900 MW wind energy projects during fiscal 2015-16, including 520 MW in the last quarter.

This marks a more than doubling of installations in the previous fiscal 15 that stood at 442 MW.

The projects were executed for a variety of customers including Independent Power Producers (IPPs), Public Sector Units (PSUs) and Small and Medium Enterprises (SMEs).

Suzlon’s newest product variant, S97 120m hybrid tower, constituted 31 per cent of (134 wind turbines) of its total commissioned capacity. With the installation of 900 MW in FY16, Suzlon’s cumulative global wind energy installations reach 15.50 GW, consisting of 9.50 GW installations in India.

The 100% growth in our installations in India is higher than the 43% growth achieved by the industry. Further, wind energy in India has surpassed all its previous records with highest installations in FY16. Suzlon believes this unprecedented acceleration is propelled by technology, conducive policy and regulatory environment for renewables, put in place by central and state governments. The 43 per cent growth demonstrates the industry’s preparedness to achieve 60 GW wind by 2022, which is part of the Centre’s target of 175 GW renewables by 2022. 

The wind industry has had its share of ups and downs, but the sector is now on high-growth trajectory and, in this way, India will reach cumulative capacity of 31 GW by FY17.The company’s market share in India has grown to 27% in FY16 from 19% in FY15.

 

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