2. ABOUT SUZLON ENERGY
⢠The Suzlon Group was ranked as the worldâs fifth
largest wind turbine supplier, in 2010.
⢠Headquarters in Pune
⢠Its global spread extends across various countries
over 18,000 MW of wind energy capacity installed in
28 countries, operations in 32 countries, a workforce
13,000 employees.
3. PRODUCT PORTFOLIOS
⢠Sub-megawatt on-shore turbines at 600 Kilowatts
(KW).
⢠6.15 MW offshore turbine â built on a vertically
integrated, low-cost, manufacturing base.
⢠REpower Systems SE, a leader in offshore wind
technology.
4. Texas based Trinity Files Litigation Against
Suzlon Wind Energy Corporation Over
$500mn Contract
5. ABOUT TRINITY STRUCTURAL TOWERS
⢠It is a wholly-owned subsidiary of Trinity Industries, Inc., and
a leading manufacturer of structural wind towers in North
America.
⢠Trinity Industries, Inc is headquartered in Dallas, Texas.
⢠It is a multi-industry company that owns a variety of market-
leading businesses which provide products and services to the
industrial, energy, transportation, and construction sectors.
⢠It reports its financial results in five principal business
segments
6. AGREEMENT BETWEEN SUZLON AND TRINITY
STRUCTURAL TOWERS
⢠Suzlon entered into an agreement in 2008 to purchase
approximately $377.3 million worth of TSTI-
manufactured 80-meter wind towers on a scheduled
basis through 2011.
⢠TSTI and Suzlon mutually agreed for an additional
$123.8 million worth of wind towers to be purchased
and extending the delivery timeframe through 2013.
7. BREACH OF CONTRACT
⢠TSTI has produced and delivered approximately $88.6
million worth of wind towers, excluding price
adjustments applicable under the agreement.
⢠After the previous delivery, it breached its contractual
purchase obligations for 2010 and 2011.
⢠Also Suzlon has not yet secured its 2012 and 2013
production space for its obligated purchase
8. FILING OF LITIGATION
⢠TSTI had to incur damages as a result of Suzlon's
alleged breach of its purchase obligations.
⢠Suzlon's remaining purchase commitment under the
Agreement, as amended, represents approximately $412
million (377+123-88).
⢠The law suit was filed in the District Court of Dallas
County due to an unethical practice by Suzlon.