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Suzlon commissions 626 MW in FY18

Capital Market 

Records highest installations by an OEM

Group announced that it has commissioned 626 MW of wind power projects in the financial year 2017]18 (FY18), the highest installations by any during this fiscal.

With this, has gained a market share of 35 % despite an extremely challenging year for the sector and several hurdles due to the transition from FIT to bidding regime. As a result, the overall wind industry installations plummeted to 1,766 MW in FY18 (32% of FY17 installations) due to stagnant volumes, uncertainty on PPAs and policy environment.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 10:32 IST