Suzlon Energy Ltd is India's first home-grown wind technology company and the fifth largest wind power supplier. The company is engaged in the business of design, development, manufacturing and supply of wind turbine generators (WTGs) of a range of capacities and their components. Their operations relate sale of WTGs and allied activities, including sale/sub-lease of land, infrastructure development income; sale of gear boxes, and sale of foundry and forging components. Others primarily include power generation operations.
The company is headquartered in Pune. They have their presence in 32 countries namely, India, China, Sri Lanka, Japan, South Korea, Canada, USA, Brazil, Chile, Nicaragua, Belgium, Bulgaria, Denmark, Germany, Italy, Romania, The Netherlands, Turkey, Spain, Sweden, United Kingdom, Austria, Czech Republic, France, Greece, Hungary, Poland, Portugal, Russia, Switzerland, Australia, South Africa.
The company's manufacturing facilities are located at Maharashtra, Pondicherry, Gujarat and Daman in India; Tianjin and Inner Mongolio in China; Trampe, Husum and Bremerhaven in Germany; and Oliveria de Frades and Vagos in Portugal. Their R&D facilities are located at Denmark, Germany, India, The Netherlands and China.
Suzlon Energy Ltd was incorporated in the year 1995. The company began with a wind farm project in Gujarat with a capacity of just 3 MW. In the year 1997, Det Norse Veritas (DNV) certified Suzlon Group with the coveted ISO 9001/2 certification. In the year 1998, the company formed Suzlon Developers Pvt Ltd and Suzlon Wind Farm Services Pvt Ltd. They bagged their first order of Ghodawat Pan Masala Products in the state of Maharashtra. They made their debut entry in Maharashtra by commissioning their first Wind Turbine in Maharashtra.
In the year 1999, the company commissioned their first wind turbine in Tamil Nadu. The company was awarded the prestigious contract from Tata Finance Ltd and Bajaj Auto Ltd, the turnkey wind farm project in Maharashtra. In the year 2000, the company commissioned their first 50 MW at Vankhusavade, Maharashtra and formed the Suzlon Green Power Limited. Also, the company's first megawatt wind turbine generator was commissioned for Niskalp Investments, a Tata Group Company.
In the year 2001, the company started one wholly owned subsidiary company under the name of AE Rotor Holding B.V; The Netherlands. In October 2001, they commenced Suzlon Wind Energy Corp, USA a wholly owned subsidiary of the company. In November 2001, they formulated Suzlon Energy GmbH, Germany, a wholly owned subsidiary of the company.
In the year 2003, the company commissioned their first Wind Turbine in USA. They opened their representative office in Beijing. Composite Centre International conferred the Export Excellence Award to the company at the International Exposition India Composites 2003 at Hyderabad. In the year 2004, the company set up a wholly owned subsidiary company in Australia under the name of Suzlon Energy Australia Pty Ltd. In March 2004, the company set up their maiden imprint in the state of Karnataka by commissioning 3.75 MW Wind Power Project for MSPL, a major mining company.
In August 10, 2005, the company incorporated Suzlon Rotor Corporation, USA. The company bagged the maiden Korean Order by signing the contract for 14.7 MW WPP for Jeju Wind Farm Project by tying up with Unison Co. Ltd, Korea's largest and most experienced developer.
In the year 2006, the company signed the Framework Agreement with Edison Mission Group to supply 157.5 MW whereby securing a major International repeat Order. This consists of 75 m/cs of the S-88 - 2.1 MW turbines. In March 2006, the company made a strategic acquisition of Hansen Transmission International NV, Belgium one of the worlds largest wind energy & industrial Gearbox manufacturer through their subsidiary Rotor Holding B.V.
In the year 2006, the company made their maiden foray in Australia by signing the contract to build Australia's largest Wind Farm Project for Australia Gas & Light (AGL) Company. Also, they entered the European market by bagging the Portugal Order and signed the contract for 39.9 MW Wind Turbine Capacity with TECNEIRA - Tecnologias Energeticas, SA in the Penamacor region of Portugal.
The company was awarded the Best Manufacturer of the Year 2006, followed by the Best Company in Corporate Social Responsibility Award at the Wind India Conference in Pune. The company was also ranked as the second leading company in the 'Best Service Provider among Manufacturers' in the same conference. In December 2006, the company signed the turnkey contract with British Petroleum for setting up a 40 MW wind power project in Maharashtra whereby becoming the only Indian manufacturer to attract Foreign Direct Investment in the Indian Wind Energy Sector.
In March 2007, the company commissioned their first 2.1 MW capacity turbine in 'Down Under' - Australia. Also, they completed the V3 S88 Test Turbine installation. The company signed a major new order with DLF Limited, one of India's leading infrastructure companies, for 150 MW wind turbine capacity. They commissioned their first 600 KW turbine at site at Agali, in Kerala.
In February 2008, they formed step-down wholly owned subsidiary company, SE Drive Technik GmbH, Germany. Also, they company in joint venture with REpower Systems AG, Germany established a new company, namely, Renewable Energy Technology Centre GmbH in Hamburg, Germany. In April 2008, In June 2008, the company acquired the Areva's total stake of approx 30% in REpower Systems AG of Germany.
During the year 2008-09, Suzlon acquired a 37.82% stake of REpower Systems AG ('REpower') thereby increasing its holding in REpower to 73.65%. The company entered into the Sri Lankan wind energy market by striking a deal with Senok Wind Power Pvt Ltd. The company's China subsidiary, Suzlon Energy (Tianjin) Ltd (SETL) entered into an agreement with Inner Mongolia North Longyuan Wind Power Corporation, for establishing a World Bank funded, 100 MW wind farm project. Also, the company's subsidiary commissioned their first turbine in Brazil for SIIF Cinco Ltd.
During the year, the company through their subsidiaries got new orders in Spain from Wigep Andalucia S.A. and in Nicaragua from Arctas Capital Group LP. They commissioned their first Wind Turbine Generator (WTG) using Concrete Tower Technology. They entered into an MoU with TERI University for setting up and offering an M-Tech Programme in Renewable Energy Engineering and Management.
During the year, the company's subsidiaries incorporated in special economic zones (SEZ) namely Suzlon Wind International Ltd (Nacelle assembly unit), SE Composites Ltd (Rotor Blade unit), SE Electricals Ltd (previously known as Suzlon Electricals International Ltd) (Generator & Control Panel unit) and SE Forge Ltd (Foundry and Forging unit) commenced their commercial operations.
During the year, SE Solar Pvt Ltd became a wholly owned subsidiary of Suzlon Wind International Ltd and in turn became a step-down subsidiary of the company. Sunrise Wind Project Pvt Ltd became a wholly owned subsidiary of Hansen Drives Pte Ltd and in turn, became a step-down subsidiary of the company. Also, the company through their subsidiary sold 67,010,421 shares (10% of the equity base) in Hansen Transmissions International NV (Hansen) to funds managed by Ecofin Ltd (Ecofin), a London based specialized investment firm. Post disposal, Suzlon had a voting and economic interest in Hansen of 61.28%.
During the year, the company sold their subsidiary Suzlon Energy GmbH and Suzlon Windpark Management GmbH to its step subsidiary Tarilo Holding B.V. and thereafter merged Suzlon Windkraft GmbH into Suzlon Energy GmbH to facilitate effective management of research and development activities.
During the year 2009-10, Shubh Realty (Gujarat) Pvt Ltd became a wholly owned subsidiary of Suzlon Infrastructure Services Ltd and, in turn, became a step-down subsidiary of the company. RPW Investments, SGPS, S.A., Valum Holding B.V., Suzlon Wind Energy Bulgaria EOOD, Suzlon Wind Energy BH - Bosnia, Suzlon Energy Australia RWFD Pty Ltd, Einundzwanzigste Vittorio Verwaltungs GmbH, Age Pargue Eolico EL Almendro, S.L. REpower Rep Ventures Portugal S.A. became subsidiaries of the company.
The company through their subsidiaries acquired an additional 16.85% stake of REpower Systems AG (REpower) thereby increasing their holding in REpower to 90.50%. The company's share holding through their subsidiary in Hansen Transmissions International NV (Hansen) reduced to 26.06% and Hansen ceased to be a subsidiary of the company, subsequent to sale of 35.22% shareholding.
During the year 2010-11, Suzlon Wind Energy South Africa PTY Ltd., Suzlon Energy Australia CYMWFD Pty. Ltd., Sure Power LLC, Renewable Energy Contractors Australia Pty. Ltd., REpower Systems Polska Sp.zo.o, REpower Systems Scandinavia AB, REpower Portugal - Sistemas Eolicos, S.A., Ventipower S.A. and RiaBlades S.A. became step down subsidiaries of the company. Also, Windpark Meckel/Gilzem GmbH & Co KG ceased to be subsidiary of the company and Sister - sistemas e Technologia de Energias renovaveis Lda was liquidated.
As per the scheme of arrangement and restructuring between STSL, SISL, SGWPL, SENL, the wholly owned subsidiaries of the company and the Company (SEL) for de-merger and Transfer of Power Generation Division of STSL to SENL, de-merger of Project Execution Division of SISL to SGWPL, Amalgamation of STSL (after the above referred demerger) with the company and Amalgamation of SISL (after the above referred de-merger) with the company with effect from April 1, 2010.
In January 2011, the company signed a memorandum of understanding (MoU) with the Government of Gujarat to develop 1,000 megawatt (MW) of new wind power capacity in the state over the next three years. In May 2011, the company signed a contract with African Clean Energy Developments (ACED) for the supply and full EPC for 76 of Sulzon's S88 - 2 MW series turbines, with an option for ACED to acquire an additional 124 turbines for the Cookhouse Wind Energy Facility.
In June 2011, the company received a new order from the National Aluminium Company Limited (NALCO) to set up, operate and maintain 50.4 MW of wind energy projects in Andhra Pradesh. In July 2011, the company received a new order from Chennai based Orient Green Power Company Limited (OGPL), for over 100 megawatts (MW) of wind power projects. In August 2011, the company won a second order from the Indian Oil Corporation Ltd to set up, operate and maintain wind energy projects of 48.3 MW in the state of Andhra Pradesh, India. Also, they won a repeat order from the Malpani Group to set up, operate and maintain projects totaling 29.70 MW.
In October 2011, the company bagged an order from gas utility major GAIL (India) Limited for its wind energy project to be commissioned in Karnataka in 2012. The order is for 17 units of Suzlon's S82 - 1.5 MW wind turbines. In November 2011, the company received 23 MW order from Gail (India) Ltd. The order consists of 11 units of Suzlon's S88 - 2.1 MW wind turbines, to be commissioned in the states of Tamil Nadu and Karnataka by the end of the financial year 2011-12.
In January 2012, the company secured over 1 GW of orders for its S9X suite of wind turbines. In March 2012, the company signed a global strategic partnership agreement with CGN Wind Energy Co Ltd (CGNWE). CGNWE is a wholly owned subsidiary of China Guangdong Nuclear Power Group. The agreement calls for the development of 800 MW of domestic and international projects over the next three years.