Suzlon Energy raised Holding in its German Unit REPower Systems to 95.16 per cent

Wind turbine maker Suzlon Energy raised its holding in its German unit REPower Systems to 95.16 per cent in April 2011. Suzlon also initiated steps to push for a 100 per cent buyout of the company through a squeeze-out of minority shareholders. Suzlon previously held 90.5 per cent stake in Repower.

Suzlon Energy had acquired a majority stake in REPower back in 2007 to gain a foothold in the European wind energy sector and access the German company’s technological capabilities.

Suzlon has 6.4 per cent of the market share among global wind turbines manufacturers and REPower has 3.4 per cent. After REPower becomes a fully owned unit, Suzlon will have 9.8 per cent of the world’s manufacturing capacity. Suzlon will thus become the world’s third leading wind turbine maker in terms of market share, after Denmark’s Vestas Wind Systems A/S and GE Wind Energy.