REpower Systems, in which Suzlon Energy is majority shareholder with 90.71 holding and RWE project company for “Nordsee Ost“ have concluded a contract on the delivery of 48 offshore wind turbines.
via Myiris news – Live News – REpower, RWE Innogy ink 295 MW offshore wind farm pact.
Drops Savings and Investments recommends investments in Suzlon Energy with a long term perspective
Jan. 31 (Bloomberg) — Suzlon Energy Ltd., India’s biggest maker of wind-turbine generators, said it expects orders to increase this year as a recovering global economy rekindles investments in alternative energy projects.
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Jan. 30 (Bloomberg) — Suzlon Energy Ltd., India’s biggest maker of wind-turbine generators, reported an unexpected profit in the third quarter after selling a stake in a unit.
Net income, including that of subsidiaries, was 141 million rupees ($3.05 million) in the three months ended Dec. 31, compared with a 648.7 million-rupee loss in the year-earlier period. The median estimate of nine analysts compiled by Bloomberg was for a loss of 389 million rupees.
http://www.bloomberg.com/apps/news?pid=20601091&sid=a42R8puf_fXI
Suzlon bags order for 4.2 MW from Sweden co Triventus AB
Suzlon Wind Energy A/S (SWEAS), the international business arm of Suzlon Energy Limited – broke new ground with its first order in Sweden. The order from Triventus AB, the highly respected wind power developer and consultant in Sweden, comprises of two S88-2.1 MW wind turbines. The 4.2 MW Assjö project, located 150 km from Göteborg and Stockholm, will be delivered by SWEAS through a contract that covers engineering, procurement and construction.
Related Link: Drops Savings and Investments recommends investments in Suzlon Energy with a long term perspective
Germans to profit from British wind boom:16 January 2010
BERLIN, Jan. 15 (UPI) — Britain’s multibillion-dollar offshore wind adventure is great news for two German companies: Siemens and Repower are the only companies producing turbines for farms at sea, but several others are poised to enter this lucrative emerging market.
Germany-based turbine maker REpower is owned to 90 percent by Indian competitor Suzlon.
Excerpt from: UPI.com
Related Link: Drops Savings and Investments recommends investments in Suzlon Energy with a long term perspective
We do not recommend any stock this month as the prices of the shares in our watch list has gone up far from its fair value which give little room for any reasonable return in the long run. However we remain with our recommendation of Bharti Airtel and Suzlon Energy in the last two months.
We recommended Bharti Airtel in November 2009 while its price was Rs. 299.95 and it has gone up by 6% since then. At the same time, Suzlon Energy which was recommended in December 2009 at a price of Rs. 83.10 has gone up by 12% so far. We still believe that it will give good return in the long run even from its current level and if you have not bought it yet, you may consider fresh investment now.
The wind is a promising and fastest growing renewable energy source. Wind energy has the potential to power the future in all Critical Success Parameters like Cost Competitiveness, Established Base, Resource Availability and Magnitude. It has compelling growth dynamics with reference to various concern such as climate change and global warming, energy security, increased electricity demand and cost competitiveness.
What to buy this week? I dont’s see anything from my watchlist or I will have to expand my watchlist to see anything sitting undervalued and unnoticed. Indian shares are getting too expensive!
Suzlong Energy might be a good bet! But it is already in my top 10 holding and I dont add more of those shares which are in top 10 while top 10 constitute more than 80%! Now it has gone like 92.00%. My holding in Suzlon has already given me 100% return within a year! I still hold it because I see its value and its potential to gain more!
Now the stock market in UAE is getting cheap and may consider buying here selectively!
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