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Suzlon sees wind auctions squeezing margins as market grows

Indian turbine manufacturer Suzlon anticipates pressure to mount on equipment suppliers, triggered by record-low prices in India's wind auctions. "But it will unlock a bigger market," says Suzlon Chairman Tulsi Tanti.

Suzlon Energy Ltd., one of India's largest wind-turbine makers, says the record-low prices paid for power-purchase contracts through India's wind-energy auctions will pressure margins at equipment makers but may ultimately benefit by sparking growth in the market.

"Due to aggressive auction prices there will be some initial impact on margins for a year but it will unlock a bigger market and I'm very much interested in this opportunity," Suzlon Chairman Tulsi Tanti said in an interview in New Delhi, adding that auctions could open up as much as 10 gigawatts of capacity.

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