17 Sep '13, 2pm

India's Wind Market Depends on Long-Term Renewable Committment

And invest they did. Best estimates suggest that India is the fifth largest installed global wind capacity and three years ago its growth rate was the world’s highest. As a result, wind power within India now accounts for almost 10 percent of installed capacity and generates 2 percent of the country’s power. Suzlon, an Indian firm that’s now the fifth largest turbine manufacturer in the world, characterises much of this growth. Headquartered in Pune and with an employee base of over 13,000, the firm has a presence in over 32 countries and benefits from a 22 GW installed capacity base. However, while it’s rise up through the ranks mirrors the wider Indian economic picture, so too do its latest woes. Earlier this year the firm reported record quarterly losses as business stalled under mounting debts. For, while the firm grew rapidly through the boom years, much of this inter...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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