Order book and order intake
- Order book stands at 1,205 MW valued at Rs. 7,657 Crores
- Consolidated customer advance of over Rs. 1,000 Crores
- 55% of order book resulting from new products (S97 120m and S111 90m)
Key highlights:
1. Key order wins till date
o 132 MW repeat order from ReNew Power
o 75.60 MW from various public sector undertaking (PSU) and small and medium enterprises (SMEs)
o 58.8 MW from a leading independent power producer (IPP)
2. Technology update:
o The S111 120 meter hybrid tower turbine received type certification
3. Net working capital
o Disciplined working capital level at 61 days
o Increase in working capital debt due to inventory built up for supporting the current years volume ramp up
4. Solar update
o Suzlon and CLP India, one of the largest foreign investors in the Indian power sector, entered into a joint venture for a 100 MW solar project at Veltoor in Telangana
5. Milestones and recognition
o Commissioned 4.20 MW maiden wind project for Ahmedabad Municipal Corporation (AMC)
o Evolutionary S97 120m 2.1MW hybrid tower wind turbine with an all-steel hybrid tower received the prestigious Golden Peacock Award 2016 in the Eco- Innovation category
o Suzlons first wind farm at Dhank, Gujarat completed an operational milestone of 20 years
o Suzlon recognised as the number one green energy company in India and ranked 67th globally in the inaugural Carbon Clean 200 list of clean energy companies worldwide
6. Market outlook
o Wind energy in India delivered highest installation of over 3,400 MW in FY16 and is expected to grow by more than 30% in FY17
o Indias commitment at COP21 to achieve 40% renewables by 2030 will continue to fuel demand for clean energy
o Strong intent of the Government and supportive policy actions to enhance the role of renewables in Indias energy security
o Policy stability in USA with 5 year production tax credit (PTC) extension will result in immense growth for wind energy in USA
o Global Wind Energy Council forecasts global wind energy capacity to double over the next five years, representing growing demand
Note to the editors
The Q1 FY16 and Q1 FY17 is not directly comparable because Q1 FY16 included:
- Exceptional one-time gain of Rs 1,289 Crores
- One month of Senvion performance
- As per industry trend in India, Q1 volumes are 10-15% of the annual volumes
About Suzlon Group:
The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America. With over two decades of operational track record, the Group has a cumulative installation of approximately 15.5 GW of wind energy capacity, over 8,000 employees with diverse nationalities and world-class manufacturing facilities. Suzlon is the only Indian wind energy company with a large in-house Research and Development (R&D) set-up in Germany, the Netherlands, Denmark and India. Approximately 9.50 GW of the Groups installation is in India, which makes up for ~36% of the countrys wind installations, making Suzlon the largest player in this sector. The company has recently forayed into the solar space. The Group, headquartered at Suzlon One Earth in Pune, India, is comprised of Suzlon Energy Limited and its subsidiaries. Suzlon corporate website: www.suzlon.com
