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August 13, 2007

Alternative energy gaining steam?

Businessworld has a cover story on alternative energy scene in India.

Extract from the section on Wind Energy:
For India, these wonder machines have already helped generate more power with each passing year — from 2,483 MW in March 2004 to 7,093 MW last March. In October 2005, India raced past Denmark to become the world’s fourth-largest producer of wind energy after Germany, the US and Spain. In 2006, India installed 1,840 MW of additional capacity. It is also way ahead of China, which will add 5,000 MW only by 2010. Asia, which generates 10,600 MW through wind alone, beat the rest of the world last year with 53 per cent growth in installed capacity.

A global consolidation in the wind energy industry has also been taking place. As a result, 80 per cent of the world’s wind energy business is now cornered by top five players. Pune-based Rs 1,530 crore Suzlon Energy, India’s largest and the world’s fifth largest wind turbine maker, glides on a 52 per cent market share in the country. The $4.2 billion (Rs 16,800 crore) Danish major Vestas and Enercon from Germany together make up another 30 per cent. Until July this year, Suzlon’s order book bulged with a whopping Rs 13,500 crore — Rs 1,710 crore coming from India alone. “Our strategy is to develop efficient products to make power at the lowest KW per hour cost,” says Tulsi Tanti, managing director of Suzlon in Pune. The company aims to scale up its equipment output capacity from 2,700 MW to 4,200 MW by 2008.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports.