Suzlon Energy to raise Rs 1,000 crore from sale of non-core assets in FY15

Suzlon Energy is planning to raise around Rs 1,000 crore from sale of non-core assets this financial year. Besides, the company is exploring new markets for business opportunities. The wind turbine maker has already mopped up more than Rs 700 crore by selling two non-core assets. The company realized around Rs 550 crore from the sale of US-based Big Sky wind farm and around Rs 173 crore by offloading stake in a Chinese manufacturing facility. For the current fiscal, the company would mainly focus on ramping up volumes, boosting business efficiency and optimizing capital structure. 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.