Shift to bidding regime caused short-term pains in 2017: Suzlon CMD Tanti

Suzlon Energy CMD Tulsi Tanti says it is a temporary challenge and the company is trying to be lean and agile to tackle the drastic change in the market

Suzlon Energy, India's largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector. The Union government stalled the feed-in-tariff regime to shift to competitive bidding for wind energy in 2017. This impacted the inventory and the future pipeline of major players, as the project outlook is completely dependent on the government's auction calendar. Though 3,000 Mw was tendered at record low tariffs, it failed to lift the mood of the sector. Suzlon's profits went in the red during Q2FY17. In an emailed interview with Shreya Jai, Suzlon Energy Chairman & Managing Director