Suzlon turns to emerging markets for growth

Suzlon Energy, the worlds third-largest turbine supplier, is embarking on a significant push for new business in emerging markets as it battles a depressed market in the developed world. The group, with headquarters in Pune in India’s Maharashtra state, plans to refocus its business more sharply on the fast-growing emerging markets of its own country, China, South Africa and Brazil, amid a dismal outlook for wind turbines in the U.S. and Europe. A senior executive said the loss-making company might position Repower Systems, Suzlon’s German subsidiary, to supply more developed markets such as the U.S., Europe and Australia, with an emphasis on offshore wind farms. We are aiming to break even by the end of the financial year, said Nicholas Archer, global head of public relations. (September 11, 2010)