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Suzlon becomes first Indian wind energy company to reach 20 GW* of worldwide Wind Energy installations

Posted On : 2023-06-05 18:23:05( TIMEZONE : IST )

Suzlon becomes first Indian wind energy company to reach 20 GW* of worldwide Wind Energy installations

Suzlon Group, India's largest renewable energy solutions provider, today announced that it has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries spanning six continents solidifying Suzlon's position as a significant player in the global wind energy landscape.

As India's leading and pioneering Indian renewable company Suzlon has built the Indian wind energy sector since 1995 in line with the vision of its much‐celebrated late Founder and Chairman, Shri Tulsi Tanti.

According to Ministry of New and Renewable Energy (MNRE)**, India currently has a total renewable energy capacity of 168.96 GW (as on 28th February 2023) with about 82 GW at various stages of implementation and about 41 GW under tendering stage. This includes 64.38 GW Solar Power, 51.79 GW Hydro Power, 42.02 GW Wind Power and 10.77 GW Bio Power.

Girish Tanti, Vice Chairman, Suzlon Group, said "Crossing the 20GW mark is a testament to Suzlon's dedication and expertise in the renewable energy industry. I would like to thank the Government of India for their visionary policy framework and our diverse customer base of over 1,900 customers and vendor partners for their unflinching support without which this achievement would not be possible. With 5.9 GW of Indian Wind Turbines installed across the globe, Suzlon's 20 GW is a story of taking India to the world."

"This milestone creates a concrete foundation for us to build on for exponential growth in coming years and is a true Aatmanirbhar Bharat moment, wherein an Indian company is creating global benchmarks with turbines manufactured in India. Suzlon's journey from the first turbine of 270kW in 1995 to the 3 MW turbine in 2023 will continue to inspire generations to come. We remain committed to partner with global and local players in accelerating energy transition journey for the world."

J P Chalasani, Chief Execution Officer, Suzlon Group, said "Suzlon's success can be attributed to its relentless focus on customer delight, innovation, and robust product technology. With eight dedicated R&D centres spanning four countries, Suzlon consistently delivers a comprehensive range of robust and reliable products. Suzlon Services is India's No. 1 wind asset service company leveraging and protecting customer investment for optimal generation and improved lifespan of our products. Having said that, Suzlon's 20 GW of wind installations is a story of Shri Tulsi Tanti's visionary ambition ably supported by the commitment of 5500 Suzlon wind warriors. Suzlon remains committed to its mission of advancing the adoption of clean energy sources and supporting the global transition toward a carbon‐neutral future keeping a sharp focus on India."

With steadfast dedication to technological advancements, strategic partnerships, and sustainable growth, Suzlon is poised to lead the renewable energy revolution in India.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 11.42 as compared to the previous close of Rs. 10.99. The total number of shares traded during the day was 51804205 in over 17134 trades.

The stock hit an intraday high of Rs. 11.55 and intraday low of 11.02. The net turnover during the day was Rs. 584961739.00.

Source : Equity Bulls


SuzlonEnergy INE040H01021 20GW