Suzlon Energy

Suzlon Energy Ltd.
legal form	Corporation
ISIN	INE040H01021
founding	1995
Seat	Pune , Maharashtra , India
management	Tulsi R. Tanti
Number of employees	3023 (2018)
sales	50.2 billion INR (2019)
Branch	Wind turbines
Website	www.suzlon.com
	As of December 31, 2019

Wind farm in Chitradurga , which is equipped with Suzlon wind turbines

18.512178 73.935628 580Coordinates: 18 ° 30 ′ 43.8 ″ N , 73 ° 56 ′ 8.3 ″ E

Suzlon Energy Ltd. is an Indian manufacturer of wind turbines , based in Pune , Maharashtra state . It is currently the largest Asian wind turbine manufacturer and, based on the installed capacity up to 2014, the fifth largest worldwide. Suzlon achieved sales of $ 3.17 billion in fiscal 2014/2015 . The company has been listed on the Mumbai Stock Exchange since 2005 and employs around 7,500 people in 19 countries worldwide.

The wind turbines are manufactured in India (Maharashtra, Pondicherry, Gujarat, Daman, Padubidri), China (Tianjin) and North America (Pipestone, Minnesota). The research and development division is based in Denmark, Germany, India and the Netherlands. The company has subsidiaries in several countries, including Denmark and Germany.

Suzlon has already developed some of the largest wind farms in Asia and built one of the world's largest wind farms near Kutch in the Indian state of Gujarat with a currently expanded capacity of 1,100 MW. The total output of all of Suzlon's plants in India is 8250 MW.

history

The founder, head of the company ( Chairman and Managing Director ) is the former textile manufacturer Tulsi Tanti . In 1995 he started to build up his own energy supply with the help of wind turbines for his family business with 20 employees and founded Suzlon. This supply concept was also offered to other companies. In 2001 Tanti sold his textile company. In 2006 he was ranked eighth of the richest Indians on the Forbes list. In 2008, 40–50 Indian banks were already involved in financing Suzlon projects. According to Forbes, he was the richest Indian in 2008 and ranked 33rd richest men in the world. However, this rank was lost as a result of the financial crisis .

Development of the group

The development department of Suzlon was built around leading employees of the wind turbine manufacturer Südwind. It has been based in Rostock since 2003, and locations in Berlin, Hamburg, Bochum , Aarhus (Denmark) and Hengelo (Netherlands) have been added.

On February 9, 2007, Suzlon Energy submitted a purchase offer for the German wind turbine manufacturer REpower Systems for a total of 1.02 billion euros, which was 20% more than an offer made recently by the French nuclear company Areva . Suzlon had set up a special purpose vehicle (Suzlon Windenergie GmbH) for the takeover via an indirect subsidiary (SE Drive Technik GmbH), in which they held 75% and the Portuguese Martifer Group 25%. Martifer already held 25.4% of the REpower shares. In May 2007, Suzlon took over REpower Systems for a majority of 1.3 billion euros; the last shareholders were settled in October 2011 as part of a squeeze-out . The REpower brand was used by Suzlon until 2013. In 2014 the branch was renamed Senvion .

In 2015, due to financial difficulties, Suzlon was forced to sell Senvion to the US fund Centerbridge.