Suzlon Energy to sell non-core assets amounting Rs 1,000 crore

Suzlon Energy, a wind power major is planning to sell its non-core assets amounting to Rs 1,000 crore in order to reduce its piling debt. The sale of non-critical assets would be in India only. With an installed wind energy capacity of 24,000 MW globally, 70% of Suzlon’s revenue comes from overseas. The company’s installed capacity in India is about 8,000 MW with a 40% market share. The company’s current order book position globally stands around $8 billion. Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.