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International Journal of Power System Operation and Energy Management

Abstract

With the increase in awareness about protecting our environment and the support for the cause by all major economies of the world through the Kyoto Protocol, the importance of wind power has grown in stature since it is clean and the most viable renewable energy resource. The global annual market of new wind turbine installation is more than US$ 40 billion at current prices, considering world-wide installations of about 40000 MW annually. This paper reviews the growth of the wind power industry globally as well as in India. The opportunities for investment in this industry and problems associated with it are also discussed with specific reference to India. In the second part of this paper, the business model of two of the major wind turbine manufacturers of India, Suzlon Energy Limited, and Enercon India Limited are discussed and their strategies are compared.

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