May 2, 2016
Suzlon commissions 900 MW in FY16 in India; over 100% increase from FY15
Suzlon commissions 900 MW in FY16 in India; over 100% increase from FY15
- 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
Pune, India: Suzlon Group, one of the leading global renewable energy solutions providers in the world,
announced that it has commissioned 900 MW wind energy projects during the financial year 2015-16
(FY16), of which 520 MW was commissioned in Q4 FY16. This amounts to a more than 100% increase in
installations, vis-à-vis 442 MW installed during the financial year 2014-15 (FY15). Suzlon continues to
maintain market leadership in India with ~36% cumulative market share and diversified presence across
8 states. The year also marked the debut of Telangana in the wind energy sector with its maiden
capacity addition of ~78 MW installed by Suzlon.
The projects were executed for a variety of customers including Independent Power Producers (IPPs),
Public Sector Units (PSUs) and Small and Medium Enterprises (SMEs). Suzlons newest product variant
S97 120m hybrid tower constituted 31% (134 wind turbines) of its total commissioned capacity. With
the installation of 900 MW in FY16, Suzlons cumulative global wind energy installations reach 15.50 GW
consisting of 9.50 GW installations in India.
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 industrys preparedness to achieve 60 GW wind by 2022, which is part of the Indian
Governments 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.
With over 18 years of market leadership, advanced technology, proven project execution capabilities,
best-in-class services, Indian supply chain and manufacturing, experience in exporting WTGs globally and
a strong, experienced management team, Suzlon is best positioned to cater to the high growth
potential in its home market, as well as North America, South America, China and other emerging
markets.
