{LONGTERMINVESTORS} Suzlon commissions 900 MW in FY16 in India; over 100% increase from FY15

 

Hello

 

We are happy to share the announcement, 'Suzlon commissions 900 MW in FY16 in India; over 100% increase from FY15'. Please find the press release on the same.

 

Key Highlights:

 

·         Commissions 900 MW* in FY16 compared to 442 MW installed in FY15; 520 MW commissioned in Q4 FY16

·         Installations in Telangana mark the debut of the State in wind energy

·         Market share in India grows to 27% in FY16 from 19% in FY15

·         Suzlon continues to maintain market leadership in India with ~36% cumulative market share and diversified presence across 8 states.

·         The wind energy sector in India recorded its highest installation of 3,300 MW** in FY16, marking a 42.74% growth compared to FY15

 

 

Mr Tulsi Tanti, Chairman, Suzlon Group, said, "The 100% growth in our installations in India is higher than the 43% growth achieved by the industry. It is a testament of our hard-work, perseverance and the support of our customers, investors and the bankers. The efforts of my team towards business ramp up and execution have yielded results. Further, wind energy in India has surpassed all its previous records with highest installations in FY16. I believe, this unprecedented acceleration is propelled by technology, conducive policy and regulatory environment for renewables, put in place by central and state governments. The 43% growth demonstrates the industry's preparedness to achieve 60 GW wind by 2022, which is part of the Indian Government'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, by this way, India will reach cumulative capacity of 31 GW by FY17."

 

 

 

Warm Regards

 

Asha Bajpai

Corporate Communications

Suzlon Energy Ltd.

12th Floor | Raheja Centre |

Free Press Journal Marg | Nariman Point | Mumbai 400 021

Mobile:  +91.98207 83566

Email:      asha.bajpai@suzlon.com

 

 

 

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