Suzlon pledges $5 billion investment

3 October 2008


The urgent global need for clean energy has prompted Tulsi R. Tanti, the founder of Indian wind turbine maker Suzlon Energy, to dramatically expand his business by committing himself to an investment of $5 billion to develop 3500 MW of wind energy capacity in the next five years, mainly in China and India. The investment will be made through Suzlon Green Power, which is 100 per cent owned by Tanti and his family.

The plans signal a change from the straightforward supply of wind turbines to the market to project development. Suzlon Green Power will provide around $1.5 billion of equity for the programme.

“Our flagship business Suzlon Energy continues to focus on developing wind power solutions, offering wind turbines to the global market,” said Tanti at the 2008 Clinton Global Initiative. “On the other hand, we now commit to developing and owning green power assets through Suzlon Green Power, which will bring energy where it is needed most.”

Tanti controls a majority stake in Sulzon Energy, which earlier this year announced plans to increase its stake in German wind turbine manufacturer REpower to around 90 per cent.

Suzlon Green Power’s efforts will be focussed on India and China. The investment plans also aim to promote sustainable development and include a pledge to work with NGOs to develop neighbourhoods where power projects are to be developed.

The IEA estimates that both China and India’s energy use will double between 2005 and 2030. They are also two of the fastest growing markets for wind, with China expected to have more wind generating capacity than any other country within five years.

Suzlon Green Power’s investments will include the acquisition of existing green power assets as well as the development of Greenfield projects.




Linkedin Linkedin   
Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.