Suzlon Group subsidiary SE Forge also won a major order worth Rs. 600 cr (US$ 121
mn) from a large bearings manufacturer, and secured major contracts with two large
wind players.
A strong mix of orders between emerging and developed markets, from an
increasing share of large utilities and investors, creates robust visibility into FY13.
Group synergies: Collaboration continued to grow rapidly between Suzlon and
REpower over the course of the last quarter, combining operations in Australia, and
realigning European marketing operations under REpower bringing operational
efficiencies, and optimizing our human resources.
The quarter also saw the shipment of the first REpower MM92 made in India, from
the Groups manufacturing facilities in Padubidri, Karnataka.
Products: The Groups latest offerings, the Suzlon S9X and the REpower 3XM, each
has seen strong acceptance in the global marketplace, with over 1,000 MW of orders
for the S9X and approximately 750 MW for the 3XM. The S9X also received type
certification from leading international testing and certification agency Germanischer
Lloyd, and S9X turbines are already operational in India, Australia and USA, and
delivering uptime levels above industry standards.
Machine availability: Global Group fleet of over 18,000 MW across 28 countries
consistently delivering availability (uptime) levels above the industry average.
Suzlon's flagship S88 turbine with an installed base of over 2,200 units worldwide
ended the most recent quarter with uptime at 97 per cent plus.
Market outlook: The industry continues to grow with strong momentum in
emerging markets, the offshore segment and key developed markets. The Global
Wind Energy Council (GWEC) reported that, in 2011, the wind industry grew at over
21 per cent with the addition of over 41 GW of new wind capacity worldwide. New
offshore installations in Europe reached 866 MW in 2011, maintaining the
momentum from 2010. The Indian market continued its growth, adding 3,000 MW in
2011 to reach over 16,000 MW in cumulative installations.
With this growth, the Indian market is projected to reach 5 GW annually by 2015,
and the offshore markets global share in total installations is likely to increase from
~3.5 per cent in CY10 to ~8-9 per cent in CY15.
