The US department of energy has signed a memorandum of understanding with GE Energy, Siemens Power Generation, Vestas Wind Systems, Clipper Turbine Works, Suzlon Energy and Gamesa Corporation to improve industrial wind power manufacturing capabilities, said a DoE release. US is the fastest growing wind energy market in the world with 30 per cent annual growth in the last five years and with over 25 per cent of the global installed capacity.
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
Suzlon Energy is relocating its management team to Amsterdam to span their global business.
Of the total project value of $5-billion, Suzlon Green Power will provide approximately $1.5 billion in equity. Suzlon Green Power will acquire existing green power assets and greenfield power projects. "Suzlon Green Power's business model will offer us an asset-based, long-term annuity income while mitigating the twin challenges of global warming and climate change.
Chennai-based Indowind Energy is in advanced stages of negotiations to acquire a wind energy company in Europe for an estimated price of around $100 million (Rs 400 crore). The acquisition, if successful, will help the wind energy and farming company to expand its footprint both in domestic and global markets.
Newly confident, they're climbing the Asia BusinessWeek 50 with global ambitions.
Farmers who have offered their lands for windmills to Suzlon Energy have continued their agitation by cultivating their lands surrounding the windmills.
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash Associates, Jet Airways, Suzlon Energy and Idea Cellular. Realty majors DLF Ltd, Unitech, Parsvnath, Sobha Developers, Omaxe and Puravankara also plunged to their all-time lows.
The world's fifth largest wind turbine maker, Suzlon Energy, which has been grappling with quality issues with its rotor blades in the US and struggling to repay debt, finds itself in rough weather yet again -- this time in its home turf near Pune.
Wind power major Suzlon Energy on Friday announced the acquisition of German wind turbine manufacturer REpower after the French nuclear energy group decided to withdraw from the bidding contest.
Suzlon Energy has bagged an order from Spain for supplying 42.5 MW wind turbines.
Suzlon made its initial tender offer for the shares of REpower supported by Martifer in February last year. The deal was structured in such a manner that Suzlon would buy Martifer's stake within two years for a price of ?265-270 million.
Suzlon Energy, one of the top five wind energy manufacturers in the world, plans to raise $500 million (Rs 2,000 crore) through the Qualified Institutional Placement (QIP) route to fund its expansion plans.
Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
Suzlon Energy, India's largest producer of wind turbines, has received approval from the German regulator
Domestic wind power firm Suzlon Energy chief Tulsi Tanti, along with Wadia Institute of Himalayan Geology's D P Dobhal, have made to a list of global environment champions prepared by the Time magazine.
Public sector blue chip firm National Aluminium Company, the largest manufacturer and exporter of aluminium in the country, proposes to make a foray into wind power generation.
Leading wind power company, Suzlon Energy Ltd on Tuesday said it will invest Rs 1,500 crore (Rs 15 billion) to set up manufacturing facilities in India, in order to increase export market share and demand.\n
Oil and Natural Gas Corporation (ONGC), the country's leading oil and gas exploration and production company, is entering the alternative energy segment with a Rs 1,200 crore-plus (Rs 12 billion) investment to generate 200 mw of wind power for captive use, within two years.
Pune-based Suzlon Energy Limited, the world's sixth largest wind turbine manufacturer, will establish a manufacturing base in Tianjin, a northern Chinese port city, to tap the booming Chinese market.
Consultancy Services CEO S Ramadorai was named Manager Entrepreneur of the Year.
India has been ranked second in the global M&A deals this year so far in the Asia-Pacific region, with a total outbound deal value of $13.5 billion, a latest report says.
Global professional services firm Ernst and Young said on Tuesday it will induct Suzlon Energy Chairman Tulsi Tanti in its World Entrepreneur of the year Academy on June 3 in Monte Carlo, Monaco.
Suzlon shareholders approve of the stock split in a 1:5 ratio.
Wind power major Suzlon Energy on Friday said it was looking at exploring new markets like Greece, UK, Taiwan and Philippines besides strengthening its operations in China.
The Rs 6,130-crore (Rs 61.3 billion) Suzlon will buy out Areva's stake in REpower, a year down the line, at a valuation to be decided on by an independent team.
The structure of Suzlon's takeover of REpower significantly lessens the financial implications, though the FY08 earnings may still take a hit.
The Rs 6,130 crore (Rs 61.3 bn) Suzlon Energy is all set to storm into the world's top four wind turbine manufacturers with the acquisition of the Hamburg-based REpower.
The 6 IPOs that were scanned by Sebi were the public issues of Suzlon Energy, Jet Airways, NTPC, TCS, Patni Computer Systems and TV Today Network.
Pips French co for third-largest German wind power company.
Suzlon Energy Ltd, a leading manufacturer of wind turbine generators on Friday, said its Netherlands-based wholly owned subsidiary AE-Rotor Holding BV, will acquire Belgium-based EVE Holding NV for Euro 465 million.
The markets opened in the positive terrain on the back of positive Asian cues
Asia's largest integrated wind power company, Suzlon Energy has secured a contract from China-based Guohua Xilinguole New Energy and Source Co Ltd for a wind farm project.
SEL will also be setting up an innovation centre in Denmark, which will focus on concepts beyond design and development-related R&D.
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