You are here: Home » PTI Stories » National » News
Business Standard

Suzlon commissions 626 MW wind power projects in FY'18

Press Trust of India  |  New Delhi 

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

With this, 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 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, 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."

He further said,"FY'19 would be the start of a high volumes market with central and state-level auctions in The sector will witness exponential growth with ~10-12 GW volumes each year. There is a clear visibility of volumes even before the start of FY'19. Suzlon is well positioned to reap the benefits in this new business regime .

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

First Published: Mon, April 16 2018. 14:00 IST