Wind Power

One large player dominates the rest

India and Suzlon

• India has the 5th largest installed capacity in the world– Utilization ratios are very poor

• Suzlon is the 5th largest wind turbine manufacturer in the world

Potential Suzlon competitors

• Shriram EPC – Installation and operation of wind turbines – Also in the installation and operation of biomas based plants/small hydro– Manufacturing of wind turbines is with Leitner Shriram Manufacturing Ltd (LSML),

a JV with Dutch firm Leitwind BV – The turbines are relatively small (250kW)

• WinWinD– Strerling group acquired WinWin Oy , a Scandanavian coumpany – The company has the ability to manufacture 1 to 3 MW plants – Manufacturing plant coming up near Chennai

• Pioneer Wincon– Operations in Chennai/Pondicherry– 250 KW turbines

• Global WindPower BV – A Reliance ADA group company

The companies depend on exports and are trying to build a complete product range

Potential Suzlon Competitors …contd

• Regen PowerTech – Located in Chennai – 1.5MW turbines

• Southern Wind Farms– Promoted by Morgan Stanley, Enam Securities Limited, Quantum M and

Reliance Capital Limited– Chennai– 250KW turbines

• Elecon Engineering– Engineering company diversifying into wind turbines – Located in Gujarat

• Kenersys– A Kalyani group company

• RRB Energy – Yet another company located in Chennai

Global companies in India

• Vestas (Denmark – world’s largest manufacturer)

• Enercon (Germany – 4th largest manufacturer)

Domestic market demand: Combo products

• Typically involves: – Solar PV panels – Microwind turbine (1 kW to 250 kw)– Inverter (to convert from DC to AC)

Companies in India

Company Location(s) Products

Novergy Udaipur/bangalore Microwind turbines (1 to 250 Kw), solar heaters and Solar PV devices

Unitron Energy Systems*

Pune Microwind turbines (600W to 400 Kw) and solar PV systems

* Group company of MS Energetics, a New Ventures India portfolio company

Wind Farm Operators

• Indian Energy– Listed on the London AIM

– Promoted by Santanu Bagchi (ex BP), Herbert Kroll (ex-MD of Mico-Bosch India)

– Has acquired and now operates a 25 MW project in Karnataka