About Suzlon Energy Ltd
Suzlon Energy Ltd. was founded on April 10, 1995. It is a prominent player in the global renewable energy sector. The company has many decades of experience. Suzlon has established itself as a leader in innovative wind and solar energy solutions.
The company operates in the Renewable Energy sector. Suzlon’s headquarters is at One Earth, Hadapsar, Pune, Maharashtra, India. This state-of-the-art facility underscores the company’s commitment to sustainability and innovation. Tulsi Tanti, the Chairman, founded Suzlon Energy Ltd. The Tanti family is a key promoter and holds significant stakes in the company. The management team is led by CEO Ashwani Kumar, who drives the company’s strategic vision.
Suzlon’s product portfolio includes wind turbine generators (WTGs), solar energy, and hybrid wind-solar solutions. These products cater to a wide range of energy needs, from small-scale installations to large utility projects. Suzlon’s expertise in wind energy has made it a significant player in the Indian renewable energy market.
Suzlon Energy Ltd holds a substantial market share in India’s wind energy sector. The company has innovative solutions and extensive experience. These have positioned it as a key contributor to the country’s renewable energy landscape. The Tanti family, as promoters, maintain a significant shareholding in Suzlon Energy Ltd at 13.27%. They ensure strong leadership and strategic direction.
Here are the prime managing promoters:
Suzlon’s registered office is located at One Earth, Hadapsar, Pune. The company’s management team are instrumental in driving Suzlon’s growth and innovation.
Suzlon Energy Ltd continues to lead the way in renewable energy. Their services are contributing to a sustainable future. It is working with its cutting-edge solutions and commitment to excellence.
Economic Impact
Suzlon’s operations have a substantial economic impact, both locally and globally. The company has created numerous jobs in manufacturing, installing, and maintaining wind turbines. Suzlon’s “Concept to Commissioning” model ensures a comprehensive approach to renewable energy projects. The model was created to foster economic growth through various stages of project development.
Suzlon’s financial performance has seen significant improvements in recent years. Its financial growth is indicative of Suzlon’s resilience. This market position is also because of its ability to adapt to market demands despite past financial challenges.
Technological Advancements
Suzlon is at the forefront of technological innovation in the wind energy sector. The company offers a range of wind turbine generators. This includes the S120, S133, and the latest S144 models. These turbines are designed to maximize energy output even in low-wind conditions. It makes wind energy more accessible and efficient. Suzlon’s commitment to research and development ensures continuous improvement in turbine technology. It is contributing to the overall advancement of renewable energy solutions.
Social Impact
Beyond its environmental and economic contributions, Suzlon has a significant social impact. The company engages in various CSR initiatives aimed at improving the quality of life in communities where it operates. These initiatives include education programs, healthcare services, and infrastructure development. Suzlon fosters social well-being and supports sustainable development goals by investing in community development.
Key Projects
Suzlon Energy Ltd. has been involved in several significant projects globally. Here are some of the key projects:
NTPC Green Energy Limited Project
Suzlon secured India’s largest wind energy order from NTPC Green Energy Limited. The project involves installing 370 wind turbine generators across three sites in Gujarat. These are of the S144 model. The generators have a rated capacity of 3.15 MW.
Everrenew Energy Private Limited Project
Suzlon is developing a 225 MW wind power project for Everrenew Energy Private Limited. This project includes the installation of 75 WTGs with a rated capacity of 3 MW each at sites in Tamil Nadu. The electricity generated will be used for captive consumption and to power commercial and industrial customers.
EDF Renewables Project
Details: Suzlon secured a 30 MW order from EDF Renewables to supply 10 WTGs with a rated capacity of 3 MW each. The project is located in Gujarat.
Challenges and Future Prospects
Despite its successes, Suzlon has faced challenges, including financial instability and market volatility. However, the company has taken strategic steps to overcome these hurdles. It had a robust 5 GW order book and a focus on cost reduction. Suzlon is charting a new course towards sustainable growth. The company’s vision extends beyond wind energy. It is exploring opportunities in other renewable energy sources. This will diversify its portfolio and enhance its market position. Suzlon Energy Ltd. stands as evidence of the transformative power of renewable energy.
The company operates in the Renewable Energy sector. Suzlon’s headquarters is at One Earth, Hadapsar, Pune, Maharashtra, India. This state-of-the-art facility underscores the company’s commitment to sustainability and innovation. Tulsi Tanti, the Chairman, founded Suzlon Energy Ltd. The Tanti family is a key promoter and holds significant stakes in the company. The management team is led by CEO Ashwani Kumar, who drives the company’s strategic vision.
Suzlon’s product portfolio includes wind turbine generators (WTGs), solar energy, and hybrid wind-solar solutions. These products cater to a wide range of energy needs, from small-scale installations to large utility projects. Suzlon’s expertise in wind energy has made it a significant player in the Indian renewable energy market.
Suzlon Energy Ltd holds a substantial market share in India’s wind energy sector. The company has innovative solutions and extensive experience. These have positioned it as a key contributor to the country’s renewable energy landscape. The Tanti family, as promoters, maintain a significant shareholding in Suzlon Energy Ltd at 13.27%. They ensure strong leadership and strategic direction.
Here are the prime managing promoters:
- Vinod R Tanti
- Girish R Tanti
- Hiten Timbadia
- Ajay Mathur
- Pranav T Tanti
Suzlon’s registered office is located at One Earth, Hadapsar, Pune. The company’s management team are instrumental in driving Suzlon’s growth and innovation.
Suzlon Energy Ltd continues to lead the way in renewable energy. Their services are contributing to a sustainable future. It is working with its cutting-edge solutions and commitment to excellence.
Impact of the Company
Suzlon’s primary contribution lies in its ability to generate clean energy. This ability significantly reduces carbon emissions. The company has installed over 13,000 wind turbines worldwide. They collectively generate 54.62 TWh of clean energy annually. This effort translates to a reduction of 53.37 million tonnes of CO2 emissions each year. Suzlon plays a crucial role in mitigating climate change by harnessing wind energy. It also plays a big role in promoting sustainable energy practices.Economic Impact
Suzlon’s operations have a substantial economic impact, both locally and globally. The company has created numerous jobs in manufacturing, installing, and maintaining wind turbines. Suzlon’s “Concept to Commissioning” model ensures a comprehensive approach to renewable energy projects. The model was created to foster economic growth through various stages of project development.
Suzlon’s financial performance has seen significant improvements in recent years. Its financial growth is indicative of Suzlon’s resilience. This market position is also because of its ability to adapt to market demands despite past financial challenges.
Technological Advancements
Suzlon is at the forefront of technological innovation in the wind energy sector. The company offers a range of wind turbine generators. This includes the S120, S133, and the latest S144 models. These turbines are designed to maximize energy output even in low-wind conditions. It makes wind energy more accessible and efficient. Suzlon’s commitment to research and development ensures continuous improvement in turbine technology. It is contributing to the overall advancement of renewable energy solutions.
Social Impact
Beyond its environmental and economic contributions, Suzlon has a significant social impact. The company engages in various CSR initiatives aimed at improving the quality of life in communities where it operates. These initiatives include education programs, healthcare services, and infrastructure development. Suzlon fosters social well-being and supports sustainable development goals by investing in community development.
Key Projects
Suzlon Energy Ltd. has been involved in several significant projects globally. Here are some of the key projects:
NTPC Green Energy Limited Project
Suzlon secured India’s largest wind energy order from NTPC Green Energy Limited. The project involves installing 370 wind turbine generators across three sites in Gujarat. These are of the S144 model. The generators have a rated capacity of 3.15 MW.
Everrenew Energy Private Limited Project
Suzlon is developing a 225 MW wind power project for Everrenew Energy Private Limited. This project includes the installation of 75 WTGs with a rated capacity of 3 MW each at sites in Tamil Nadu. The electricity generated will be used for captive consumption and to power commercial and industrial customers.
EDF Renewables Project
Details: Suzlon secured a 30 MW order from EDF Renewables to supply 10 WTGs with a rated capacity of 3 MW each. The project is located in Gujarat.
Challenges and Future Prospects
Despite its successes, Suzlon has faced challenges, including financial instability and market volatility. However, the company has taken strategic steps to overcome these hurdles. It had a robust 5 GW order book and a focus on cost reduction. Suzlon is charting a new course towards sustainable growth. The company’s vision extends beyond wind energy. It is exploring opportunities in other renewable energy sources. This will diversify its portfolio and enhance its market position. Suzlon Energy Ltd. stands as evidence of the transformative power of renewable energy.
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