EnergyWatch

Suzlon sees wind auctions squeezing margins as market grows

Indian turbine manufacturer Suzlon anticipates pressure to mount on equipment suppliers, triggered by record-low prices in India's wind auctions. "But it will unlock a bigger market," says Suzlon Chairman Tulsi Tanti.

Suzlon Energy Ltd., one of India's largest wind-turbine makers, says the record-low prices paid for power-purchase contracts through India's wind-energy auctions will pressure margins at equipment makers but may ultimately benefit by sparking growth in the market.

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