Suzlon secures a 100.8 MW new order for the 3 MW series from a leading Nordic Energy Company

Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 100.8 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company. Suzlon will install 32 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. The project is located at Karnataka.

This is the repeat order from the customer for the company's largest turbine rated 3.15 MW, S144‐140m from the 3 MW series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning.

Girish Tanti, Vice Chairman, Suzlon Group said, "We are delighted to partner again with the leading Nordic Energy Company. As India's renewable energy ambition sets benchmarks across the world, we are honored to welcome reputed global companies to the Indian market and stand committed to partnering with them every step of the way. A visionary policy environment, a robust domestic market and thriving local supply chain makes India an extremely lucrative renewable energy market for investors and utilities. The Suzlon 3 MW series is the next stage evolution of our proven technology, customized for the Indian wind regime and 3.15 MW is one of the largest wind turbines in the country today."

JP Chalasani, Chief Executive Officer, Suzlon Group, said, "A repeat order is always special, and we are happy to announce our second order with the leading Nordic Energy company within a span of a few months. In line with our customer‐first approach, this order demonstrates trust in the quality and reliability of our technology and service solutions. Targeting the Commercial & Industrial (C&I) consumer segment, this order will help in expanding the reach of renewable energy and drive India's net‐zero targets. Every Suzlon turbine is manufactured in the country through a thriving domestic value chain ecosystem which is a testament to our contribution to the vision of an Aatmanirbhar Bharat."

Suzlon turbines feature the time tested Doubly Fed Induction Generator (DFIG) technology that efficiently integrates wind turbines into the utility network to meet the grid requirements. Suzlon's R&D efforts are continuously geared towards increasing turbine performance, harnessing more energy from low wind sites, and lowering the cost of energy.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 36.88 as compared to the previous close of Rs. 37.21. The total number of shares traded during the day was 2496622 in over 16236 trades.

The stock hit an intraday high of Rs. 37.69 and intraday low of 36.60. The net turnover during the day was Rs. 92237119.00.

Source : Equity Bulls

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SuzlonEnergy INE040H01021 OrderWin NordicEnergyCompany