Suzlon Group, one of the leading global renewable energy solutions providers in the world, announced that it has commissioned 900 MW wind energy projects during the financial year 2015‐16 (FY16), of which 520 MW was commissioned in Q4 FY16.

This amounts to a more than 100% increase in installations, vis‐a‐vis 442 MW installed during the financial year 2014‐15 (FY15). Suzlon continues to maintain market leadership in India with ~36% cumulative market share and diversified presence across 8 states.

The year also marked the debut of Telangana in the wind energy sector with its maiden capacity addition of ~78 MW installed by Suzlon.

Tulsi Tanti, chairman, Suzlon Group, said, "The 100% growth in our installations in India is higher than the 43% growth achieved by the industry. It is a testament of our hard‐work, perseverance and the support of our customers, investors and the bankers. The efforts of my team towards business ramp up and execution have yielded results. 

Further, wind energy in India has surpassed all its previous records with highest installations in FY16. I believe, this unprecedented acceleration is propelled by technology, conducive policy and regulatory environment for renewables, put in place by central and state governments. The 43% growth demonstrates the industry's preparedness to achieve 60 GW wind by 2022, which is part of the Indian Government’s target of 175 GW renewables by 2022. The wind industry has had its share of ups and downs, but the sector is now on high‐growth trajectory and, by this way, India will reach cumulative capacity of 31 GW by FY17."

Shares of the company gained Rs 0.21, or 1.4%, to trade at Rs 15.20. The total volume of shares traded was 3,518,403 at the BSE (11.07 a.m., Monday).