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Suzlon Energy

2,966 bytes added, 13:57, 10 May 2011
/* Key Insights */
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==Key Developments==
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|align = "center" bgcolor = "#C5D9F1"|'''S.No'''
|align = "center" bgcolor = "#C5D9F1"|'''Date'''
|align = "center" bgcolor = "#C5D9F1"|'''Details'''
|align = "center" bgcolor = "#C5D9F1"|'''Source'''
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|align = "center"|1
|align = "center"|23rd April<nowiki>’</nowiki>11
|'''Suzlon '''has announced the signing of an order with Gujarat State Fertilizers & Chemicals (GSFC) to set up, operate and maintain wind energy projects totaling to 50.4 MW in Gujarat.The projects, utilising 24 units of Suzlon<nowiki>’</nowiki>s S88-2.1 MW wind turbine, will be set up in wind farms operated by Suzlon in the Rajkot and Surendranagar districts of Gujarat. This is GSFC<nowiki>’</nowiki>s fifth order with Suzlon and is scheduled for completion and commissioning by September 2011.
|align = "center"|ProQuest
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|align = "center"|2
|align = "center"|9th April<nowiki>’</nowiki>11
|Recently, '''Suzlon Energy''', India<nowiki>’</nowiki>s leader in wind energy launched a new range of large capacity wind turbine machines suitable for low wind speeds. It has also raised its stake in Repower Systems AG to 95.16% from earlier 91%. The company will initiate a <nowiki>’</nowiki>squeeze out procedure<nowiki>’</nowiki> of minority shareholders so that Repower becomes a wholly owned subsidiary.
|align = "center"|ProQuest
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|align = "center"|3
|align = "center"|6th April<nowiki>’</nowiki>11
|'''Suzlon Energy''', through its subsidiary, would have full control over the off-shore wind equipment specialist Repower, thus enabling access to the German player<nowiki>’</nowiki>s portfolio of products and more importantly technology. Added to it, the reasonably rich cash status of REpower and its minimal debt balance sheet could be more effectively utilised by Suzlon. This was not possible earlier, with Suzlon holding a less than 100 per cent stake.
|align = "center"|Business Line
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|align = "center"|4
|align = "center"|5th,April <nowiki>’</nowiki>11
|Massive, new natural-gas discoveries in the U.S. slashed the price of the fuel that wind competes most directly against. And the recession slowed demand for new power plants of any kind, leading more politicians to question renewables subsidies. Congress has declined so far to pass a renewable-energy requirement. Some major wind-turbine makers are cutting production at some factories. More than a year ago, '''Suzlon Energy Ltd.''', an Indian company that is one of the world<nowiki>’</nowiki>s biggest wind-turbine makers, began laying off workers at its plant in Pipestone, Minn., which makes blades for turbines; the plant now is operating at just one-third of its capacity, says Tulsi Tanti, the company<nowiki>’</nowiki>s chief executive. Given the lack of a nation-wide renewables mandate, he says, Suzlon also has postponed plans to build another U.S. factory, in Texas.
|align = "center"|Factiva
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==Key Insights==
'''Support from Government of India'''
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