Suzlon: An Indian Wind Energy Company Goes Global

Suzlon: An Indian Wind Energy Company Goes Global

  • Case

Suzlon, an India-based wind energy company, had made quite a splash in its first three-and-a-half years on the international stage. By the end of 2007, the company was the market leader in Asia and had completed projects in fourteen countries across five continents. But many investors believed these first years were just a warm-up for what was to come (the company's market capitalization had doubled since its IPO in 2005). Global demand for wind energy remained strong and Suzlon had added significant capacity.

Indian textile manufacturer Tulsi Tanti founded Suzlon in 1995 to avoid having to rely on India's notoriously unpredictable and expensive electric power grid to power his family's textile operations. After commissioning two wind turbines, Tanti discovered that wind energy was an even better ...

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