Corporates keen to invest in renewable energy
With the wind energy industry showing signs of a pick-up, Suzlon Energy, the largest wind turbine company in India, is receiving a spate of new orders recently. In an interaction with The Hindu, Ashok D'Sa, President (South Asia and Middle East), Suzlon Energy, said the company had a healthy order backlog. Out of 5,000 MW of capacity created by the company, Tamil Nadu accounted for 1,500 MW. The power density was good and Suzlon was continuously concentrating on developing wind farms in the State where many sites were available with favourable onsite wind conditions. He said Suzlon would focus more in Andhra Pradesh where wind power was not tapped much.
Mr. Ashok D' Sa was betting big on South Asia and the Middle East and said the growth in Asia would be lad by China and India. The economic stimulus package and the strong focus for increasing renewable energy sources would help in creating more capacity in India, he said. Suzlon's expertise in offering solutions across the entire value chain from concept to commissioning and operation of wind power projects was helping the company in securing repeat orders from several customers. The commitment by corporates to invest in renewable energy would be the main driver of the company's growth, he said. By providing a comprehensive range of services covering the entire value chain the company was able to maintain its market leadership.
As on May 2010, the order book of Suzlon Energy alone is around 1,130 MW with domestic orders accounting for 230 MW. The company is looking at promising new markets for improving its order book further.