GO
Loading...

» more from Better Your Business

Suzlon (India)

Sector: Wind power
Revenue: $4.6 billion

Business model: Despite improvements in the 1990s, reliable electric power remains elusive for many companies, with some of them off the grid entirely. Initially in the textiles business, Suzlon installed two wind turbines to secure power for its operations. The experiment worked so well it abandoned textiles to focus exclusively on the clean energy technology. Suzlon today operates in more than 28 countries and has a 10-percent share of the global wind power market.

The company also invests in research and development for new wind-power solutions. One prototype windmill produces electricity and taps into the air’s humidity to produce water for drinking and agricultural use. Suzlon partners with other high-tech firms and has established R&D facilities in China, Germany, India and Holland.

At Suzlon’s headquarters in Pune, India, water and solid waste are recycled. Power is supplied solely by zero-carbon wind and solar sources. The company’s comprehensive efforts have brought more affordable electricity to communities, which could not afford it.

Funds: Vanguard MSCI Emerging Markets ETF (VWO), Vanguard Total Intl Stock Index ETF (VXUS), iShares MSCI Emerging Markets Index (EEM), SPDR S&P Emerging Markets Small Cap (EWX), EGShares India Infrastructure (INXX).

Source: Suzlon.com