Monday, June 30, 2008

Indian Wind-Turbine Firm Hits Turbulence

The Journal has been on top of this story for a couple months now.
From the Wall Street Journal:
The grand U.S. ambitions of Indian wind-turbine manufacturer Suzlon Energy Ltd. are facing mounting problems.

The Indian company -- the world's fifth-largest wind-turbine maker by sales -- earlier this year acknowledged that 65 giant blades on turbines it had sold in the U.S. Midwest were cracking because of the extreme gusts in the region. The company is reinforcing 1,251 blades, almost the total it has sold in the U.S....

..."The product issues notwithstanding, we don't expect any major impact upon our sales," said Vivek Kher, a spokesman for Suzlon. In its financial year ended March 31, Suzlon revenue jumped 71% from a year earlier to $3.19 billion....MORE

HT: Environmental Capital