Suzlon Energy, the biggest player in the wind turbine business in Asia and the fifth-largest worldwide, has decided to set up Solar Power Plant. 

At the Indian Economic Summit, Tulsi R Tanti, Suzlon Energy chairman and Managing Director stated, "We are exploring the solar energy sector as India has enormous opportunity in solar and wind power." 

Although he did not give any other financial details, he did mention identification of probable sites in Gujarat and Rajasthan, with an area of 10 acres required for one MW of solar power generation.

The current order book of Suzlon Energy stands at Rs 15,000 crore for projects worth 2,500 MW. The headquarters of the company are at Pune. The other manufacturing units are at Pondicherry, Daman, Bhuj and Gandhidham and abroad in mainland China, Germany and Belgium. 

However, in view of the economic slowdown and anticipated cuts in investments and expansion plans, the company could defer its recruitment plans till the end of the current fiscal. 

The company had dropped plans to invest in new tower manufacturing facility and accordingly, the total capex plan would stand reduced by Rs 669 crore.