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11/21/2008 07:12 AM
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Suzlon Planning First Foray into Solar
SustainableBusiness.com News
Suzlon (SUZLON.BO), the world's fourth-largest producer of wind
turbines, announced this week that it has chosen two sites in India for
its first solar power projects.
The company, based in India, plans to build solar power plants in Gujarat and Rajasthan, but no other details were announced.
Suzlon, which reportedly has 2,500 megawatts worth of orders for
its wind turbines, cited that the opportunity is solar was too good to
pass up.
However, Suzlon has not been immune to recent troubles in the
financial market. The company announced this week that its bid to buy
the remaining stake
in Germany's REpower Systems (RPW.BE) for 270 million EUR ($360
million) will not take place until May 2009, six months later than
originally planned.
In September, Suzlon Green Power Ltd. announced a commitment to develop $5 billion in green energy assets over five years, primarily in India and China.
Website: http://www.suzlon.com/
