Exclusive News

Suzlon Energy and CLP India in an agreement will be divesting 49 per cent stake in two of its solar projects of 50 MW and 20 MW in Dhule, Maharashtra.

The wind sector, in the last two years, has not seen much traction due to various reasons. And because of the recent cancellation of auctions in various states, the year will pass with a no-show from the sector that had earlier added 34 GW of capacity.

The wind power sector is going through a transformation with the entry of competitive bidding process. Though it could keep up the pace as of now, analysts say, it will slow down going ahead.

Tulsi Tanti, Founder and Chairman of Suzlon Energy has been appointed as the Chairman of the Indian Wind Turbine Manufacturers Association (IWTMA) effective January 11, 2018.

The renewable energy sector will soon witness a significant consolidation as the sector continues to see a big influx of new players, said Nidhi Tanti of Suzlon Energy.

India is likely to breach the 60-GW wind capacity target way sooner than 2022, according to Tulsi Tanti, chairman of the Indian Wind Turbine Manufacturers Association (IWTMA).

THDC India Limited (THDCIL), has commissioned its second wind power project of 63 MW capacity in Devbhumi Dwarka, Gujarat on March 31, 2017. This 63 MW Wind Power project awarded to Suzlon Energy Limited on November 28, 2016 with scheduled commissioning period of four months.

Suzlon Energy has divested 49 per cent stake in around 210 MW of solar power projects while sale of stake in another 130 MW of projects is in the works, with aim to be completed before March 2017, Kirti Vagadia, CFO, Suzlon Group has said.