By Julian Singer When we last wrote about Suzlon in April 2020 the company had just defaulted on its debts and had entered into the Reserve Bank of India’s framework for the resolution of stressed assets. The main cause of the problems were a high level of debt combined with an oversupply of manufacturing capacity [...]
By Julian Singer Suzlon, the Indian wind turbine manufacturer, reported a loss of Rs 1858Cr (£202 million) for the nine months ending 31 December 2019, more than the loss of £137m for the corresponding period the year before. This was primarily due to the low volume of wind turbines installed: only 49MW for the nine [...]
Wind turbine installations in India have slowed appreciably over the last year. In a quarterly investor presentation on 4 August Suzlon, India’s leading turbine manufacturer, estimated that the country would install only 3GW in the financial year ending 31 March 2019. With a total capacity of 34GW in March 2018 this is far below the [...]
We last wrote about Suzlon, the Indian wind turbine manufacturer, in December 2016 when the company expected that the strong growth seen in 2016 would continue. Suzlon operate internationally but 71 per cent of the company’s installed capacity is in India, leaving the company very susceptible to changes in the Indian market. Up until mid-year Suzlon [...]
In the half year to 30 September Suzlon reported a strong growth in its wind turbine business with promise of more to come. Wind power installations have increased to 0.58GW in H1 2016/17, 29 per cent over H1 2015/16. Suzlon’s business is primarily in India where the summer monsoon restricts the amount of capacity that [...]
At first sight you might think that a 10 MW onshore wind farm and a 10 MW solar array would produce the same electrical power. Far from it. In the UK, the wind farm should produce nearly three times the amount of electricity over a year. Why the big difference? It all comes down to [...]