Suzlon Energy eyes Latin America, Africa market

Suzlon Energy eyes Latin America, Africa market

New Delhi: Wind turbine major Suzlon Energy said it is looking to enter new regions, mainly Latin America and the African continent in the coming years.

“Though our major focus will be on India only, we are planning to enter the markets of Latin America and African countries in the next few years," Suzlon Energy director Harish Mehta said at a conference on renewable energy in New Delhi.

The company, which has added over 5,000 MW of wind power capacity for around 1,500 customers in India, has operations across Asia, Australia and Europe.

Mehta said Suzlon plans to focus more on technology improvement in order to make the operations more cost effective rather than on capacity expansion.

On broad environmental concerns, he said there are no international standards defining the requirement of renewable energy for reducing carbon emissions.

Suzlon is the third largest player in the global market with 10% share worldwide, and more than 50% share in the Indian market.