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May 16, 2018 12:20 PM | Business

FY18 was a transformational year for wind energy sector, says Suzlon Energy

FY18 was a transformational year for wind energy sector, said JP Chalasani, Group Chief Executive Officer, Suzlon Energy.

Chalasani said volumes were significantly low in FY18 given the policy changes.

"Suzlon is second largest operation and maintenance (O&M) partner in India and maintained market leadership. We did Rs 626 megawatts and achieved a market share of 35%,” he said.

On order front, Chalasani said, “We are just 45 days into the current financial year. We have a clear visibility of over Rs 1,900 mw of orders with the company. Therefore, expect significant volumes to be awarded in FY19."

We will reduce debt by 40-50% before the end of FY19, Chalasani added.
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