Indian Wind Giant Suzlon Looking to Expand into Chinese Wind Market
As we’ve discussed numerous times here on Cleantechnica, investment in clean tech is soaring and clean tech is now the top venture capital investment category in the world. Clean tech is where the jobs of the future are, and the countries that lead in the clean energy race are the countries that are going to lead in the global economy. China is clearly the country putting the most into clean energy these days and no amount of whining by the US is going to be able to stop this.
Indian wind energy giant Suzlon (“the largest wind turbine manufacturer in Asia”) has taken note of this and is now looking to expand into its next-door neighbor’s market a little more. “China is all set to emerge as the wind energy hotspot of the future, according to Tulsi Tanti, chairman of Suzlon Energy.”
China was at about 20 gigawatts of wind energy capacity at the end of last year but has announced that it plans to hit 90 gigawatts by 2015. Tanti is confident Suzlon can provide a lot of that.
“We are bringing the Chinese price with German technology. We are quite comfortable that we will get more business from the China market,” he said.
Suzlon currently has about 530MW of installed wind energy capacity in China, making it the 8th-largest wind energy company in China.
Suzlon has focused much of its efforts on its domestic market and now is responsible for about 30% of India’s total renewable energy installations. I am curious to see if a greater focus on the Chinese market can bring the same results in that fast-growing region.
For more on the history of Suzlon, read Mridul’s September story on the company.
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Photo Credit: Suzlon wind turbine by nateOne via flickr (CC license)
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