| Suzlon has completed $100 million program |
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The Indian wind energy producer Suzlon Energy announces that they now have completed the program initiated in 2008 to come to grips with cracks in the blades for their wind turbines. The $100 million program resulted in new designs of the blades, more extensive testing of the blades before delivery and replacing those still in the field. Suzlon had in 2008 more than half of the Indian wind energy market and 12.3% of the world market. The company claimed to be the third largest wind power company in the world in 2008 although the blade problems hit the company hard and sent the stock price in to free fall in 2008, tumbling 83,9%. 
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Save Earth Fund invests in renewable energy, environmental technology and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Alexander Jansson and Mr Marcus Grimfors are responsible for managing the fund. Learn more about our managers here. |