Suzlon Energy Ltd. Overview | moneymultiple.inSuzlon Energy Ltd. is an Indian renewable energy company specializing in wind power solutions. The company was founded in 1995 by Tulsi Tanti and is headquartered in Pune, Maharashtra, India. Suzlon is one of the largest wind turbine manufacturers in India and globally.Suzlon's primary focus is on providing comprehensive wind energy solutions, including the development, manufacturing, installation, operation, and maintenance of wind turbines. The company offers a range of wind turbine models with varying capacities, designed to cater to different wind conditions and project requirements.
Over the years, Suzlon has established a significant presence in the Indian and global wind energy markets. It has installed wind farms and wind turbines in various countries, including India, the United States, Australia, Brazil, China, South Africa, and several European nations. The company has a diverse portfolio of wind power projects across onshore and offshore locations.
Suzlon's technology is centered around its proprietary wind turbine designs, such as the S9X and S1X series, which incorporate advanced features to enhance efficiency and performance. The company also focuses on providing integrated solutions for the entire lifecycle of wind projects, including project development, infrastructure, and long-term maintenance services.
However, it's worth noting that Suzlon faced financial challenges in recent years. The company experienced a significant debt burden and struggled with profitability, primarily due to a combination of factors such as intense competition, regulatory changes, and delays in project execution. As a result, Suzlon underwent debt restructuring and faced challenges in meeting its financial obligations.
While Suzlon has been a prominent player in the Indian wind energy sector, its market share has declined in recent years. Other global competitors and the emergence of solar energy as a viable alternative have presented challenges to Suzlon's growth. However, the company continues to work on improving its financial position and exploring opportunities in the evolving renewable energy landscape.