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No need of subsidies for wind energy cos: Tanti  

The billionaire Chairman of Suzlon Energy Mr Tulsi Tanti has said wind energy firms does not require subsidies, as the prices of fossil fuels like oil, gas and coal are becoming more expensive.

Quoting Mr Tanti, the German business weekly WirtschaftsWoche said that wind energy does not need subsidies as the fossil fuels are turning more costly. Fossil energy fuels such as oil, gas and coal are turning more expensive,… therefore the wind ener gy needs no more subsidies,” the publication quoted Tanti in an article published in its online edition.

Mr Tanti pointed out that Suzlon Energy, which is one of the world’s leading wind turbine makers, could produce electricity for about three to six euro cents per kilowatt-hour and wants to press the costs further.

Germany plans to increase its aid for wind energy to 9.2 euro cents per kilowatt-hour from January. Currently, the state offers a price of eight euro cents each kilo-watt hour to firms producing wind energy.

In 2007, Suzlon had acquired Germany-based Repower. – PTI

The Hindu Business Line

30 June 2008

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