Suzlon Energy - the Indian Wind Company listed on the Bombay Stock Exchange - has just landed orders from Italy and Portugal for supplying 29 2.1 MW wind turbines.

As far as foreign markets were concerned, Suzlon has already had some success in the US market. Breaking into Europe like this and beating European manufacturers to a supply contract is very promising. This deal could be a spin-off from the European Wind Energy Association's EU-India Wind Energy Network . My guess is that this is going to benefit India a lot more than the EU !

According to the website, " . . .the main objective of the 36-month project is to facilitate partnerships among wind energy actors in Europe and India. Indian industry stands to gain improved technological collaboration, cheaper capital and outsourcing opportunities, while European industry will have improved access to the Indian market and the exciting returns it offers."

I think it's highly doubtful that any European wind turbine manufacturers will succeed in selling into the Indian market. But for India, greater access to the European marketplace and it's intellectual and financial capital, is upside all the way.