The accident is the latest and most serious in a series of blade splitting and other technical problems in the U.S. and India which have hurt Suzlon’s image.
The share-price decline Friday also reflected investor concerns that Suzlon will be unable to raise the money it needs in coming months to fund an ambitious global expansion plan, and may be forced to sell assets, analysts said.
Suzlon has gotten plenty of attention for its turbine troubles–and it has suffered from turbine breakdowns, cracked blades, and turbine underperformance that have driven customers to cancel orders–but it isn’t entirely alone.
All turbine makers have at one time or another have wrestled with technical glitches in the complex machines. Vestas of Denmark, the world’s biggest turbine maker, has had a few turbine failures as well.
A Siemens turbine collapsed last summer, killing a worker in the U.S. Other power sources, such as nuclear power, are still dogged by safety scares, like the evacuation this week of the Vermont Yankee reactor, or the conviction handed down in the case of an Ohio nuclear plant that had a hole in it.