Suzlon Energy, a leading wind turbine manufacturer in India, is planning to build wind energy projects totaling 2,000 MW in Madhya Pradesh.
The projects are intended to deliver wind power to small and medium enterprises (SMEs) and independent power producers in the state.
Madhya Pradesh has attracted a significant share of renewable energy projects in India in the recent months. However most of these are dedicated to solar energy.
Recently Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, said, National Aluminium Company Limited (Nalco) is planning to set up production units in the state for wind and solar energy.
Suzlon’s investment in the state is driven by the growing potential for renewable energy in India. The power-starved country is not the favorable destination for investors – both local and foreign.
Suzlon has not revealed the details of the investments; however, estimates say that overall cost of the project will be around Rs 12,000 crore.
Earlier in June, Suzlon Energy  said it will manufacture wind equipment for CLP India’s wind project in Rajasthan.
The 100.8 MW wind power project, located at Tejuva in Rajasthan, will comprise 48 units of Suzlon’s 2.1 MW wind turbines, the company said.
These developments reveal the Pune-based company is recovering from the financial crisis it has been experiencing over the past couple of years. The company had a default of $209 million, and to pay off this it plans to raise about Rs 1,000 crore from sale of non-core assets this financial year.
Sabeena Wahid