Target China: Suzlon Looks to Capitalize on the Growing Wind Power Market
Suzlon Energy (NSE: SUZLON.NS), Asia's largest wind turbine manufacturer, has announced plans to capitalize on China's record-breaking growth in new wind power capacity.
In 2009, China was the world leader for new wind power installations, adding 13.8 gigawatts (GW) of wind power capacity -- nearly four more gigawatts than both Europe and the U.S. added. Sulzon plans to capitalize on China's aggressive goal to increase wind power capacity to 90 GW by 2025.
Already present in China with an installed capacity of 530 megawatts, India-based Suzlon, claims that its Chinese plant is running at 25 to 30 percent capacity. When the plant is fully operational next year, Sulzon will likely increase its Chinese sales, furthering its ability to compete with the prices of Chinese suppliers.
"We are bringing the Chinese price with German technology. We are quite comfortable that we will get more business from the China market," said Suzlon chairman, Tulsi Tanti.
Read the full story at UPI: Sulzon eyes China's wind power market
Image Credit: Sulzon
Learn more about Wind Power on eBoom's Wind Energy Learning Page.
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.