Suzlon retains fifth spot among global wind turbine makers
Suzlon Group has retained its 5th place among global wind turbine makers in 2013, according to MAKE Consulting.
In its annual Global Wind Turbine OEM Market Share report, MAKE said Suzlon had a global market share of 6.3 per cent, as measured by newly installed generating capacity.
In America and EMEA (Europe, Middle East and Africa) region, Suzlon featured among top four OEMs with a market share of 13.5 per cent and 10.7 per cent respectively, it said, adding that in terms of cumulative capacity, Suzlon - with 23.5 GW of installed capacity - was again ranked fifth globally.
MAKE Consulting considers actual grid connected data (except for Chinese OEMs) when arriving at the rankings. Given the size of the Chinese wind market and limited data transparency in grid-connected installations, MAKE calculates market share in China on the basis of installed wind turbines by both Chinese and non-Chinese OEMs.
Based on preliminary estimates, Suzlon has commissioned approximately 400 MW capacity across India in financial year 2013-14 (April-March).
The Indian wind market is forecast to rebound on the back of increasing feed-in-tariffs in several states along with generation based incentives continuing to be in place for five years.
Suzlon shares ended at Rs 12.45 on National Stock Exchange on Friday, up 11.16 per cent over its previous close.