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Mumbai:
Pune-based Suzlon energy has emerged as one of the top
10 non-conventional energy producers in the world, powering
India also in the process into the global arena.
Suzlon,
with a global market share of six per cent in the wind
power sector and a presence in the US, China, Australia,
Brazil, Italy, Portugal and South Korea, is the only Indian
firm in the list, in a study by advisory firm Mclean &
Partners Wealth Management.
In
its study of key global players in the alternative energy
space, the Canada-based firm said the use of solar and
wind energy would become critical in the future.
Besides
Suzlon, other global leaders in the list include Denmark-based
Vestas wind systems, China-based Suntech Power Holdings
and JA Solar Holdings and three US-based firms - Memc
Electronic Materials, First Solar Inc and Sun Power Corp.
"Already,
in much of the world outside of North America, solar and
wind electrical generation is well established, driven
by government sponsorship and incentives, as well as enlightened
consumer awareness about environmental responsibility,"
the report said.
The
report stated that the ranking was assigned primarily
based on market capitalisation and future outlook of the
respective firms.
For
the quarter ended June, Suzlon recorded a total income
of Rs862.9 crore and a net profit of Rs89.4 crore.
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