Suzlon targets $3bn in Australian wind energy investments

India’s Suzlon has targeted a $3bn drive to develop wind power in Australia and is hoping to attract partnerships with high profile investment firms with that aim in mind.Suzlon wind turbine and engineers

“Our plans for the next five years is to join hands with the local developer and we will start co-development with them, then we need a local partner for the construction. Then we will offer to the customer the total solution,” Suzlon’s Chairman and Managing Director Tulsi Tanti told Reuters.

“Over the next five years we target to build in Australia a minimum of 2 GW the total investment will be $3bn (A$4bn).”

In Australia, Suzlon has installed 764 MW of wind energy generation, around a fifth of the market share. Globally it has around 15 GW, which it expects to expand to 35 GW by 2020, he said.

Meanwhile 6-8 Chinese state-owned enterprises are involved in or looking closely at Australian energy assets, Melbourne-based financial advisors SILC Group said in March, with green power coming under particular focus.

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