China
Power
(Tianjin)
New
Energy
Development
Company
(CPNE)
signed
a
deal
with
the
Indian
group
last
week
and
is
set
to
pay
Suzlon
about
$60m.
The
deal
with
CPNE
is
subject
to
regulatory
approval,
which
is
expected
to
take
around
45
days.
Suzlon
Group
chairman
Tulsi
Tanti
says:
“The
dynamics
of
the
wind
energy
market
have
changed
considerably
over
the
past
year.
We
are
realigning
our
strategy
to
the
China
market
with
an
agile,
asset-light
business
model
to
achieve
the
high
growth
and
margins,
but
with
lower
investments."
A
Suzlon
official
adds:
“We…
