Morgan Stanley’s Continuum Dumps Suzlon Model for Growth
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Morgan Stanley-backed Continuum Wind Energy Pte, which plans a more than 10-fold surge in its India capacity, is dumping a 20-year model that helped Suzlon Energy Ltd. dominate Asia’s second-biggest turbine market.
Continuum aims to build 1,360 megawatts of wind farms by 2017, almost all of that on its own, abandoning an industry practice of hiring turbine makers to execute projects on a turnkey basis, Chief Executive Officer Arvind Bansal said. The new model will help utilities manage the assets better and boost their profitability, he said.