Suzlon commissions 626 MW wind power projects in FY'18

Renewable solution provider Suzlon said today that it has commissioned 626 MW of wind power projects in 2017-18 (FY18), the highest installations by any player during this fiscal.

With this, Suzlon has gained a market share of 35 per cent despite an extremely challenging year for the sector and several hurdles due to the transition from feed-in-tariff (FiT) to bidding regime, a Suzlon statement said.

As as result (of introduction of bidding regime), the overall wind industry installations plummeted to 1,766 MW in FY'18 (32 per cent of FY17 installations) due to stagnant volumes, uncertainty on power purchase agreements (PPAs) and policy environment, it added.

J P Chalasani, Group CEO, Suzlon Group said, We have achieved this excellence despite a challenging year for the industry owing to the transition from feed-in-tariff (FiT) to the competitive bidding regime. We thank our team, 1,800+ customers, lenders, and vendor partners for their unwavering support."