February 7, 2008
Suzlon receives 103 MW from Spain
Mumbai: Suzlon, Indias leading and worlds fifth largest wind power solutions
company, has consolidate its presence in the Spanish wind energy market with an
order for 102.9 MW of wind turbine capacity. The contract is to be supplied through
49 units of Suzlons S88 2.1 MW turbines.
Speaking on the order, Mr. Erik Winter Pedersen, CEO - Suzlon Wind Energy AS, the
Denmark-headquartered marketing arm of the company focusing on Europe and
Latin America, stated This consolidates Suzlons presence in the Spanish market.
Suzlon is pleased to partner with the Spanish Savings Bank Unicaja and the local
promoter Viento y Energía S.L.
Speaking on the order, Mr. Andre Horbach, CEO Suzlon Group said: Suzlon has
reached a major milestone by means of receiving a large order that confirms the
strategy to follow in Spain and the welcome that the Spanish market has given to
Spain has an installed capacity exceeding 11,000 MW and is estimated to have
yearly installations from 2008-2011 around 2,000 MW. Renewable energy has strong
national support with a target of achieving installations of 20,155 MW by 2010.
Spain is also expected to adopt the EU target for RE of 20% in 2020.*
With a 30 percent annual growth in the wind power sector, and a clear commitment
from the Spanish government to encourage investments, technological advances,
and grid development, Spain is poised to continue its upward trend.**