Suzlon among world`s top 10 alternative energy firms

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.