Suzlon Energy, India's largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector. The Union government stalled the feed-in-tariff regime to shift to competitive bidding for wind energy in 2017. This impacted the inventory and the future pipeline of major players, as the project outlook is completely dependent on the government's auction calendar.
Though 3,000 Mw was tendered at record low tariffs, it failed to lift the mood of the sector. Suzlon's profits went in the red during Q2FY17. In an emailed ...
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First Published: Mon, January 08 2018. 02:07 IST
