gopalakrishna

The world of wind power is growing at a phenomenal pace. Projections put the average growth of the industry at 24% for the next five years.

Suzlon continued its upward growth trend during the quarter ended March 31, 2008, driven by mounting climatic concerns leading to the need for wind energy solutions globally.
Suzlon reported a strong consolidated order book position of USD 4,304 million (3,454 MW); with USD 208 million (160 MW) in domestic orders, and USD 4,096 million; (3,294 MW) in international orders, as on May 19, 2008.

The company reported a 71% growth in its consolidated turnover and a 59% growth in MW sales over the financial year '07.
There is an established scientific consensus that the world as we know it is changing - and that humanity and its ways bear considerable responsibility for the consequences. What had long been missing was a will arising out of this knowledge to act. But now we are beginning to see a renewed determination to change the status quo of our ways before it is much too late.


In terms of market developments, Suzlon made its maiden entry into the southern Indian state of Kerala, with the commissioning of its first turbine there. This was another major step forward in Suzlon’s endeavors to expand the market and harness the power of wind for the nation’s economical growth. Suzlon has, in the past year also added several of India’s leading corporations such as ONGC, Reliance Energy, TATA Power, DLF, HPCL, and global major British Petroleum amongst others as its customers. The growing diversification of the customer base, which now includes energy and power majors, reflects the increasing importance of the wind energy in the power mix, and it is a major step forward towards a sustainable development in energy security. Also in the overseas market, Suzlon continued gaining momentum in key markets. The company rounded off the quarter securing major orders in Australia, Latin America, Europe, and building on its position as a leading player in the global wind energy markets. Suzlon also completed its first shipment of wind turbines to Nicaragua, which takes Suzlon’s presence into 20 countries across five continents.

The Company has made a major investment to take advantage of the vast opportunity in the wind energy sector, by initiating the setting up of 3,000 MW of integrated manufacturing capacities, and further backward integration into cast and forged steel components through a 120,000 MT foundry and 70,000 MT forging unit, complete with machining facilities. Work on establishment of these facilities is in the advanced stages of execution and production is expected to commence in separate phases beginning from July 2008, and to reach full utilization levels by March 2009.

The Company has, as a follow-up to its global expansion strategy, successfully entered into new markets such as Spain, Nicaragua and Turkey with substantial orders, and consolidated its position in other important markets such as the US, Australia and Brazil with large and repeat orders, over the last year, which has taken Suzlon’s presence into 20 countries.

The group sales in 2008, estimated at approximately 2,311 MW, has been one of Suzlon’s best
It is not enough to end with a product that's environmentally friendly. But to begin from there. To seek to make each step towards the creation of this product similarly so, by reducing the consumption of resources in the making of it. And to regulate and restrict the residual pollution that may result from it. All in a sincere effort to reduce our own ecological footprint on this beautiful planet. Because to us, 'sustainability' begins from there.
performances with a significant improvement from approximately 1,456 MW sold in the previous year.

There is today a clear recognition of the challenge the world faces, such as seen in the award of the Nobel Peace Prize to former US vice-President Al Gore and UN Intergovernmental Panel on Climate Change (IPCC) for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are needed to counteract such change.

Suzlon has set itself well on the course to be part of the solution to the crisis–by becoming a strategic partner to the world’s industry. Suzlon provides innovative, efficient and customized wind power solutions that drive economic development, while preserving nature and mitigating the effects of unbridled development – creating a more sustainable, greener tomorrow.