October 19, 2010
Wind turbine supplier Suzlon Energy has opened a new research, development & technology centre in Germany. The company plans to have a total employee strength of 200 in the new centre, which will include over 120 employees of Suzlon Energy GmbH. Suzlon GmbH is a joint venture between Suzlon’s arm Suzlon Wind Energy and Volkswind Bulgaria GmbH, which is a subsidiary of Volkswind GmbH.
Besides, the company plans to expand capacity at its plant in China as it expects to return to profit this financial year. Suzlon will manufacture turbines capable of generating a combined 1,000 MW in China by 2013, Suzlon Chairman Tulsi Tanti said in Tianjin, China. That’s a 67 per cent increase from the current capacity of 600 MW, which Tanti said will be used fully next year.
October 6, 2010
As global focus shifts to energy efficiency, with the market for environmental products and services projected to touch $2.74 trillion by 2025, headhunters say about one million green jobs will open up in India alone over the next two years. Green jobs, as defined by the United Nations Environment Programme, refers to work in agricultural, manufacturing, research and development or administrative activities that contribute to preserving environmental quality, and help in protecting the ecosystem and biodiversity.
While green architecture, biotechnology and environment management are the most lucrative and sought-after professions in the new, green sector, policy-making for renewable energy and natural resources management is fast gaining popularity.
Wind turbine manufacturer Suzlon Energy signed an MoU with TERI University in March 2009 to institute an MTech programme in renewable energy engineering and management. From just 48 students in 2006, the varsity has over 260 pupils.
According to a United Nations Environment Programme report based on 2008 estimates, by the year 2025 India will see the creation of 900,000 green jobs in the area of biogas alone.
(picture from http://businesstrends.wordpress.com/)
October 6, 2010
Private equity fund TPG Capital and a US-based global energy fund are in separate talks with Suzlon to acquire up to 25 per cent stake in its German wind energy subsidiary, REpower Systems AG, for $ 500 million, a person close to the development said. The transaction will be done through a mix of fresh issue of shares by REpower and stake sale by Suzlon. Suzlon owns 90.7 per cent in REpower.
July 9, 2010
Suzlon Energy is in advanced talks with Lord Swaraj Paul’s Caparo Group to set up 3,000 MW capacity wind farms over six years, a deal which could bring in around $3 billion to the world’s third-largest wind turbine manufacturing company. The power plants will be developed for Caparo Energy, the London-based group’s joint venture with Finland’s Wartsila, and most of them are likely to be executed in India, according to a senior Suzlon executive. “Each mega watt of wind power set up by Suzlon for Caparo Energy could fetch the company over $1 million in revenue,” he said, adding that the two companies are likely to finalise the agreement this month.
According to the discussion between the two sides, Suzlon Energy will help Caparo identify wind farm sites in India and may also help in land acquisition efforts.
Caparo Energy India was set up in March this year with Wartsila, which specialises in manufacturing diesel and gas engines used for powering ships as well as for electricity generation.