The world's fifth largest wind turbine maker, Suzlon Energy has increased its share in its German subsidiary REpower Systems. The company currently holds 73.71 percent stake in REpower and paid around Rs 447 crore to Portugal's Martifer SGPS for acquisition. Martifer holds 22.4 per cent stake in the German company. Suzlon Energy had to acquire these stakes to complete the deal before May 2009 as per agreement with Martifer.

Suzlon raised the funds through debt and internal accruals. It has earlier decided to raise Rs 1,800 crore through a rights issue but dropped plans after the plunge in stock market. It has also decided to scrap plans to set up a tower manufacturing facility in India to reduce the costs in the wake of global financial crisis. Chairman and managing director of Suzlon, Tulsi Tanti had said in October, "Suzlon closely monitors and maintains our leverage position, not allowing it to exceed a ratio of 1:1 and the net debt: equity ratio of the group also stands below 1:1."

Suzlon Energy would commission 19 wind turbines worth $90 million in Nicaragua in Central America. These turbines would be operational in a few weeks. Arctas Capital Group LP of Houston, Texas is supporting the execution of the project in US. Geothermal power contributes about 34 per cent of Nicaragua's power requirements. Shares of Suzlon increased 0.66 per cent and closed at Rs 60.80 at the Bombay Stock Exchange (BSE).