Suzlon commissions 626 MW of wind power in FY18

Suzlon commissions 626 MW of wind power in FY18
Courtesy of Suzlon

Suzlon Group, India’s largest renewable energy solutions provider, has commissioned 626 MW of wind power projects in the financial year 2017-18 (FY18).

With this, Suzlon has gained a market share of 35 % despite an extremely challenging year for the sector and several hurdles due to the transition from Feed-in- Tariff (FiT) to bidding regime.

As a result, the overall wind industry installations plummeted to 1,766 MW in FY18 (32% of FY17 installations) due to stagnant volumes, uncertainty on PPAs and policy environment.

Group CEO J.P. Chalasani said: “This achievement is a testament to our strong technical and project execution capabilities and over two decades of experience in the Indian market.

“We have achieved this excellence despite a challenging year for the industry owing to the transition from Feed-in Tariff to the competitive bidding regime.”

He added: “FY19 would be the start of a high volumes market with central and state-level auctions in India. The sector will witness exponential growth with ~10-12 GW volumes each year. There is a clear visibility of volumes even before the start of FY19.

“Suzlon is well positioned to reap the benefits in this new business regime with its end-to-end solutions, continuous investment in India specific wind turbine technology, vertically integrated operations and best in class services.”