Subodh Mahajan
Dec 20, 20212 min
Suzlon was a textile company founded in 1995 by Tulsi Tanti, who managed a team of 20 workers at the time. In 1995, the electric supply was much more erratic and thus the industry was facing downtime issues. The cost of this erratic electricity was also extremely high and eating into any profits made by the company. In came an idea, to provide with quality uninterrupted power supply to all the other companies who are facing such issues.
Suzlon’s main idea was to ask only 25% upfront cost from the customer and arrange for the remaining 75% from bank loans. In this manner they removed the heavy upfront investment objection, which was the biggest reason for anyone not to adopt wind energy. Since 2001, textile business was no longer a part of the Suzlon company and it mainly focused on wind energy and turbines chairmaned by Tulsi Tanti.
As on date, the company has about fifteen manufacturing facilities and a workforce of over 8,000 employees globally. Globally, Suzlon has installed over 18,800 MW of wind power capacity in 18 countries.
In India Suzlon Energy has crossed 11,000 megawatts of cumulative installations.
Its notable installations in India include:
The 1064 MW Jaisalmer Wind Park in Rajasthan.
The 1100 MW wind park in the Kutch district, Gujarat, with plans to expand it to 2000 MW in the next four to six years. As of February 2015, this is the largest wind park in Asia at a single location.
The 650 MW wind park in the Sakri Taluka of Dhule District of Maharashtra. And planning to reach 1000 MW.
A 584 MW wind park in the Eastern Ghats, (Tamil Nadu).
The 210 MW Vankusawade Wind Park near the Koyna reservoir in the Satara district of Maharashtra.
On 10th December Suzlon Energy (NSE:SUZLON) climbed 6.4% in a week, taking one-year gains to 103%.
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