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.
BY ANINDYA UPADHYAY, BLOOMBERG
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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Suzlon nabs order on home turf
For subscribers
Suzlon will deliver two dozen turbines in just three months
For subscribers
Suzlon reappoints Tanti back to the top job
For subscribers
.jpg&w=384&q=75){kind=logo}
