Suzlon installs 626 MW of wind projects

Suzlon, thereby, has gained a market share of 35 per cent despite an extremely challenging year for the sector and several hurdles due to the transition from the feed-in-tariff (FiT) to a bidding regime in the commissioning of projects, a company statement said here.

The company said competitive bidding had resulted in a “paradigm shift in the way wind business is conducted in India.” “As a result, the overall wind industry installations plummeted to 1,766 MW in FY18 (32 per cent of FY17 installations) due to stagnant volumes, uncertainty on PPAs (power purchase agreements) and policy environment,” it said. 

Suzlon Group Chief Executive JP Chalasani said, “We have achieved this excellence despite a challenging year for the industry owing to the transition from feed-in-tariff (FiT) to the competitive bidding regime. We thank our team, 1,800+ customers, lenders and vendor partners for their unwavering support.”