Subscribe free to our newsletters via your
  Energy News  

Subscribe free to our newsletters via your

Indian Businessman Capitalizes On Global Warming Concerns

by Anil Penna
Bangalore (AFP) India, May 27, 2007
Indian businessman Tulsi Tanti, who has just bought German turbine maker REpower, stumbled into wind energy almost by accident when he was calculating the cost of power for his textile plant. More than a decade on, he believes increasing concern about global warming means the wind energy business will only turn in yet more profits.

Tanti, 49, found that he was paying 25 percent of his total expenditure for electricity for his textile plant in India's western Gujarat state.

So he decided in the early 1990s to buy a wind turbine to power the plant, thus saving costs.

He found it worthwhile enough to think he had found his next calling, and dropped out of all other businesses to concentrate on building a company that in 2006 overtook Siemens as the world's fifth-largest wind energy firm.

Fresh from buying REpower last week, he sees the next big opportunity for his company Suzlon Energy in rising international concern over global warming and climate change caused by the burning of fossil fuels.

"Wind energy can, and will, play one of the most important roles in saving the world of tomorrow, today," Tanti said. "We drive our business as a cause, one where we power a greener tomorrow."

Fossil fuels are the world's biggest source of energy but burning them also produces heat-trapping greenhouse gases which contribute to global warming.

Tanti estimates that demand for wind power will grow 25 percent a year as governments encourage the use of more environment-friendly alternative energy sources, notably after oil prices more than doubled since the Iraq war began.

For energy-hungry India, which imports two-thirds of its petroleum needs, the oil price surge has produced a swelling trade deficit.

India's crude oil imports jumped 30 percent to 57.3 billion dollars in the year ended March.

A nation of 1.1 billion people, India is the world's fourth-largest market by annual capacity addition for wind power.

Vivek Kher, a vice president and spokesman at Suzlon, said it was Tanti's experience in finding an alternative energy source for his textile plant that turned him on to the potential of wind power.

"There are no major renewable energy sources that can compete with wind energy," Kher said.

"Technology has not been able to make solar energy grid-friendly," he went on. "The environmental impact of hydel (hydro-electric) power is a major consideration in many parts of the world; many other energy forms such as wave energy and geothermal energy are in the realm of the unknown."

Suzlon, based in the western city of Pune near India's financial centre of Mumbai, logged 108 percent sales growth percent to 79.86 billion rupees (1.97 billion dollars) in the year ended March, while net profit rose 14 percent to 8.64 billion rupees.

Its purchase of REpower -- beating French nuclear energy company Arevawill -- should enable Suzlon to build more capacity at a faster rate to capitalize on growing global demand.

Capacity addition in the wind energy sector has not kept pace with demand, with one major bottleneck being a shortage of components for the turbines that harness wind into electricity.

"This is an investment in the supply chain," said Kher. "We will continue to make such investments."

Suzlon, which last year bought a Belgium-based maker of turbine gear-boxes, is setting up foundry and forging facilities for wind-turbine components in the Indian cities of Baroda and Coimbatore.

The company now covers 14 countries in four continents and chief executive Andre Horbach boasts it will continue to grow.

"The group today has a strong manufacturing base, research capabilities and a presence in all key wind energy markets," he said.

The company has 2,700 megawatts of annual capacity and is eyeing expansion to 4,200 megawatts by March next year.

Source: Agence France-Presse

Email This Article

Related Links
Suzlon Energy
Powering The World in the 21st Century at

Japan Proposes Halving Emissions By 2050
Tokyo (AFP) May 24, 2007
Japan called Thursday for the world to halve greenhouse gas emissions by 2050, proposing a successor to the Kyoto Protocol it hopes will win over top offenders the United States and China. Prime Minister Shinzo Abe, unveiling the proposal ahead of the Group of Eight (G8) summit in Germany, pledged to bring all nations onboard in the fight against global warming by making the post-Kyoto framework non-binding.

  • Japan Proposes Halving Emissions By 2050
  • New Fabrication Technique Yields Nanoscale UV LEDs
  • California Eco-Homes Offer Glimpse Of Lunar Future
  • Indian Businessman Capitalizes On Global Warming Concerns

  • Australian Aborigines Agree To Nuclear Waste Dump
  • Czech Government Extends Life Of Threatened Uranium Mine
  • Britain Launches Energy Blueprint, Stresses Importance Of Nuclear
  • Revamped, Renewed, Restarted: High Flux Isotope Reactor Back On Line

  • AIRS Global Map Of Carbon Dioxide From Space
  • Widespread Twilight Zone Detected Around Clouds
  • Rand Says Further Study Warranted On Save The World Air Technology
  • Noxious Lightning

  • Indonesia's Crackdown On Illegal Logging Under Fire
  • Brazil Demonstrating That Reducing Tropical Deforestation Is Key WinWin Global Warming Solution
  • Global Scientists Urge Canada To Save Boreal Forest
  • "Reducing Emissions From Deforestation" Initiative Launched

  • Top Chef Warns Of Environmental Impact Of Fine Dining
  • Climate Change Threatens Wild Relatives Of Key Crops
  • Journal Details How Global Warming Will Affect The World's Fisheries
  • Spud Origin Controversy Solved

  • Toyota To Launch 100-Percent Ethanol-Powered Cars In Brazil
  • Toyota Launches New Luxury Hybrid
  • The Driving Force Behind Electric Vehicles
  • Radical Engine Redesign Would Reduce Pollution And Oil Consumption

  • Australia Fears Jet Flight Guilt Could Hit Tourism
  • Nondestructive Testing Keeps Bagram Aircraft Flying
  • New FAA Oceanic Air Traffic System Designed By Lockheed Martin Fully Operational
  • NASA Seeks New Research Proposals

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement