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07/18/2017

Suzlon leaves Brazilian market

The Indian turbine manufacturer decides to close its Brazilian subsidiary Suzlon Energia Eólica do Brasil Ltda (SEOB).

The company said this is due as a consequence of multiple factors that are unique to Brazil: “We believe that this is a responsible decision for the benefit of long-term sustainability of the Company and its shareholders.“

The Brazilian wind energy market has been hit by a decision of the government lately to stop wind energy auctions in the coming years.

Author:: Windfair Staff
Email:: press@windfair.net
Keywords:: Suzlon, Brazil, auction

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