the references used may be made clearer with a different or consistent style of citation footnoting or external linking . june 2016 learn how and when to remove this template message a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . december 2015 learn how and when to remove this template message suzlon energy limited type public traded as bse 532667 nse suzlon industry renewable energy founded 1995 founder tulsi tanti headquarters pune maharashtra india products wind turbines revenue 204.0286 billion us 3.0 billion 2014 1 website www.suzlon.com suzlon generators behind a vintage gas pump at the bluegrass ridge wind farm in king city missouri suzlon energy limited is a wind turbine supplier based in pune india . formerly ranked as the world s fifth largest supplier 2 it has since then dropped out of the global top ten rank as of 2014 . 3 the company claims to have over 14 800 mw of wind energy capacity installed globally with operations across 19 countries and a workforce of over 7 000 . 4 the company is listed on the national stock exchange of india nse suzloneq and on the bombay stock exchange bse 532667 . contents 1 company description 2 history 3 wind parks 4 see also 5 references 6 external links company description edit suzlon is a vertically integrated wind power company . suzlon makes and installs wind turbines . 5 the company manufactures blades generators panels and towers in house and large or offshore turbines through its subsidiary senvion . the company is integrated downstream and delivers turnkey projects through its project management and installation consultancy and operations & maintenance services . suzlon has offices r & d and technology centres manufacturing facilities and service support centres spread across the globe . suzlon has design and r & d teams and facilities in india germany denmark and the netherlands . the international sales business of suzlon is managed out of aarhus denmark while its global management office is in pune india . suzlon crossed 8 000 megawatts of cumulative installations in india in september 2010 . 6 suzlon has cumulatively added over 7 600 megawatts of wind power capacity for over 1 700 customers in india across 40 sites in eight states . suzlon accounts for nearly half of the country s total wind installations . 7 in 2003 suzlon set up its first office in beijing . 8 in the states of tamil nadu maharashtra and gujarat suzlon s installation base is over 1 000 megawatts each over 1gw . corporates such as the bajaj group the birla group mspl dlf the tata group the reliance group the itc group l & t as well as public sector companies like gspl hpcl indian railways rajasthan mines & minerals gacl gspc gsfc indian oil ongc and state bank of india sbi nuclear power corporation of india limited npcil nalco gail vedanta group hzl dlf group amongst others have chosen suzlon for their wind power projects . 9 suzlon has eight manufacturing facilities across the country and a workforce of over 10 000 employees globally . history edit in 1995 founder tulsi tanti was managing a 20 employee textile company . due to the erratic availability of power locally and its rising costs the highest business expenditure after the raw materials was electricity . 8 the cost of electricity also offset any profits made by the company . 10 after providing electricity for his own company tanti moved into wind energy production as a way to secure the textile company s energy needs and founded suzlon energy . 11 suzlon adopted a business model wherein clients would be responsible for 25 % of the up front capital investment and suzlon would arrange the remaining 75 % on loan . initially banks were hesitant to fund loans for this model but by 2008 40 50 indian banks were financing wind power projects for suzlon clients . 8 in 2001 tanti sold off the textile business ; suzlon is still actively run by tulsi tanti now in the role of chairman suzlon group . rainbow behind the suzlon wtg in 2003 suzlon got its first saddles order in usa with an order from danmar & associates to supply 24 turbines in southwestern minnesota . 12 also in 2003 suzlon set up an office in beijing . 8 suzlon rotor corporation in 2006 began producing the blades in pipestone minnesota in the united states . among its clients is wind capital group . 13 in the year 2006 suzlon reached a definitive agreement for acquisition of belgium firm hansen transmissions specializing in gearboxes for wind turbines for 565 million . in 2007 the company purchased a controlling stake in germany s senvion then operating as repower systems which valued the firm at us 1.6 billion . in june 2007 suzlon had signed a contract with edison mission energy eme of us for delivery of 150 wind turbines of 2.1 megawatts in 2008 and a similar volume to be delivered in 2009 . eme had an option not to purchase the 150 turbines due to be delivered in 2009 which it has chosen to exercise . in november 2009 the company decided to sell 35 % stake of hansen for 370 million as part of its debt restructuring program through placing new shares . it appointed bank of america merrill lynch and morgan stanley as the managers and book runners for the same . 14 15 16 in january 2011 suzlon received an order worth us 1.28 billion for building 1000 megawatts of wind energy projects from the indian branch of the lord swaraj paul owned caparo energy ltd. 17 in may 2011 suzlon announced returning to profitability after the financial crisis of 2009 18 in october 2011 suzlon sold its remaining 26.06 % stake in hansen transmissions international nv to zf friedrichshafen ag for 8.9 billion us 130 million . 19 in the same month it also achieved full control of its german subsidiary repower systems now senvion by acquiring the remaining 5 % stake held by minority shareholders that resisted the takeover . the takeover was completed through the squeeze out procedure by paying eur 63 million . 20 it has to redeem 500 million worth of fccb s foreign currency convertible bonds in 2012 in tranches of 300 million in june and 200 million in october respectively . in line with the previously announced strategy to dispose of non critical group assets to reduce long term debt suzlon chairman said that suzlon energy will sell stake in its china manufacturing unit to china power new energy development co. ltd. for 3.4 billion rupees 60 million . 21 on 30 november 2013 the suzlon group subsidiary repower systems now senvion se won an engineering procurement and construction epc contract from mitsui & co australia ltd to deliver 52 wind turbines with a total rated output of 106.6 mw for the bald hills wind farm in victoria australia . 22 as of august 2014 suzlon s debt was over 8000 crores . 23 on 22 january 2015 suzlon announced the sale of senvion se its wholly owned subsidiary to centerbridge partners a private equity firm in a deal valued at 7200 crores . 24 the deal is expected to ease suzlon s debt burden . 24 in a further equity infusion dilip shanghvi family and associates dsa run by dilip shanghvi the founder and managing directory of sun pharmaceutical agreed to purchase a 23 percent stake in suzlon for a sum of 1800 crores . 25 the deal will see tanti s holding shrink to 24 percent but management control will still remain with the tanti family . 25 wind parks edit globally suzlon has installed over 25000 mw of wind power capacity in 31 countries . 26 within india wind power installations built by suzlon produce over 8000 mw of power . 26 its notable installations in india include the 1064 mw jaisalmer wind park in rajasthan . 27 the 1100 mw wind park in the kutch district gujarat 28 with plans to expand it to 2000 mw in the next four to six years . 29 as of february 2015 this is the largest wind park in asia at a single location . 28 a 584 mw wind park in the eastern ghats tamil nadu . 30 the 210 mw vankusawade wind park near the koyna reservoir in the satara district of maharashtra . 31 in 2012 suzlon signed an expression of interest with the government of karnataka to develop 2500 mw of wind power in the state between 2012 and 2017 . 32 see also edit list of renewable energy companies by stock exchange list of wind turbine manufacturers wind power in india references edit suzlon annual report 2013 14 source make report global wind turbine oem 2013 market share . siemens named top wind turbine oem for 2014 make report . north american windpower . 9 march 2015 . retrieved 18 july 2015 . suzlon company profile . suzlon official website . retrieved 2 january 2016 . company profile suzlon suzlon crosses 5 000 megawatts of wind power installations in india . the times of india . feb 2010 . suzlon group crosses 22000 megawatts in wind power installations across the world pdf . suzlon . 16 december 2010 . retrieved 15 september 2012 . a b c d kumar nirmalya 2009 . india s global powerhouses . harvard business press . pp. 136 8 . isbn 978 1 4221 4762 7 . clients & projects . suzlon . retrieved 15 february 2015 . heroes of the environment time 17 october 2007 accessed on 26 december 2009 . india s 40 richest . forbes.com . 17 november 2006 . archived from the original on 27 july 2012 . retrieved 14 february 2015 . karmali naazneen 27 october 2006 . wind man . forbes.com . retrieved 22 november 2011 . renewable energy world dead link 35 % . sharemanthan.in . retrieved 22 november 2011 . suzlon awaiting large orders money matters . livemint.com . 2 february 2010 . retrieved 22 november 2011 . business standard . suzlon some breeze finally . business standard.com . retrieved 22 november 2011 . yep eric 28 january 2011 . suzlon energy bags 1.28 billion order wsj.com . online.wsj.com . retrieved 22 november 2011 . suzlon press release of 14 may 2011 suzlon energy to receive 178 million for hansen stake next week bloomberg . mobile.bloomberg.com . 7 october 2011 . retrieved 22 november 2011 . yep eric 28 october 2011 . suzlon completed squeeze out process of repower minority shareholders wsj.com . online.wsj.com . retrieved 22 november 2011 . suzlon group to sell china unit for rs 340 crore . 23 june 2012 . dead link suzlon to supply 52 turbines to australian wind farm aim to repay debt turn profitable by end of fy15 suzlon . moneycontrol . 1 august 2014 . retrieved 16 february 2015 . a b suzlon to sell german unit to centerbridge for 1 bn . hindu business line . 22 january 2015 . retrieved 16 february 2015 . a b dilip shanghvi takes 23 per cent stake in debt laden suzlon . business today . 14 february 2015 . archived from the original on 16 february 2015 . retrieved 16 february 2015 . a b company profile . retrieved 15 february 2015 . suzlon crosses 1 gw capacity at jaisalmer park . economic times . 11 may 2012 . archived from the original on 15 february 2015 . retrieved 15 february 2015 . a b mishra lalatendu 6 november 2014 . suzlon sets up world s tallest hybrid wind turbine in kutch . the hindu . chennai india . archived from the original on 7