Suizon Energy places 20-story wind turbines next to bean fields that have been plowed by oxen for generations.
Not only does Suizon place more such wind turbines in India than any other company, Suizon is now manufacturing their turbines in places like Pipestone, Minnesota and Tianjin, China.
Four-fifths of Suizon's orders come from outside of India.
Within India, 70% of the orders come from industrial users like Essar Group of Mumbai. The other 30% come from India's upper crust. Both groups are seeking tax breaks for using this alternative source.
Four years ago, Suizon Energy was not in the top ten. Now they are number 5 behind:
4. Gamesa Tecnologica of Spain
3. Entercom of Germany
2. General Electric of the U.S.A.
1. Vestas Wind Systems of Denmark.
How long before Suizon becomes number four, then three, then....
What do you think?
I think Suzlon is ideally positioned to leverage the engineering and technical talent available in India, large domestic demand for wind power (because of inefficient state utilities, high rates for industrial power and tax benefits) and an established high tech manufacturing base. They are also aggresive in acquiring companies and I see them emerging as a top 3 player in the wind turbine market in next 5 years.
I write about wind energy in India on my blog http://www-personal.umich.edu/~sankum/idle
Sanjeev
Posted by: Sanjeev | November 25, 2006 12:22 PM | Permalink to Comment