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Suzlon to co-develop 800 MW wind projects with CGNWE

28 Mar 2012 Evaluate

Suzlon Group (Suzlon), the world's fifth largest wind turbine manufacturer, has signed a global strategic partnership agreement with CGN Wind Energy Company (CGNWE). The agreement calls for the development of 800 MW of domestic and international projects over the next three years.

Further, a working team has been set up to explore the most viable projects globally, covering countries such as Brazil, South Africa, India and China.

CGNWE is a wholly owned subsidiary of China Guangdong Nuclear Power Group. It is one of the largest wind power developers in China with installed capacity of around 3,000 MW.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Peers
Company Name CMP
Waaree Energies 2627.50
Apar Industries 17496.15
Havells India 1114.80
Suzlon Energy 44.16
Siemens 3960.90
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