Suzlon Eyes 30% of 20,000 MW Wind Capacity To Be Installed By FY21



Leading wind turbine maker SuzlonNSE -4.43 % is looking to capture about 30 per cent of the 20,000 megawatt (MW) of wind capacity likely to be commissioned by financial year 2020-21, a senior company executive said.

According to industry estimates, with the thumb rule of Rs 6.5 crore per MW, the 30 per cent share translates into revenues of around Rs 39,000 crore. The domestic wind market is on a growth trajectory with 7,500 MW of capacity already auctioned, 10,000 MW of bids in the pipeline, and another 3,000 MW soon to be auctioned, according to Kirti Vagadia, group chief financial officer, Suzlon.

“This gives a visibility of nearly 20,000 MW of capacity getting commissioned by FY21 and we are confident of having 30 per cent share of this capacity,” Vagadia.


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