Shares of Indian wind turbine maker Suzlon Energy rose 3.7% to ₹44.53 after the company won an order to supply wind turbine generators (WTGs) for a 642 MW wind power project from an Evren company, ABC Cleantech Pvt Ltd. (ACPL), had received. Evren is a joint venture in India between Brookfield and Axis Energy.
Suzlon plans to deploy 214 WTGs with hybrid lattice tubular towers (HLT) rated at 3 MW each in the state of Andhra Pradesh, the company said in a filing.
“This order involves the company’s larger S144-140m turbines rated at 3MW from the 3MW product series,” the company added.
Under the agreement, Suzlon will provide the wind turbines (equipment supply) and handle the installation and commissioning processes for the project. In addition, Suzlon will be responsible for comprehensive operations and maintenance services after the commissioning phase, the filing said.
Girish Tanti, Vice Chairman, Suzlon Group, said: “It is a pleasure to start the year with a significant order announcement from Evren. Suzlon is committed to working with Evren to enhance their green energy portfolios while helping advance India’s renewable energy goals.”
JP Chalasani, Chief Executive Officer of Suzlon Group, said: “We are pleased to announce our first order with Evren. Suzlon's comprehensive and proven product portfolio tailored to the Indian wind sector will be instrumental in expanding India's renewable energy capacity in line with our national goals. Andhra Pradesh is a key state for us to unlock India’s true wind energy potential and we are pleased that the power generated from this project in Andhra Pradesh will be used to provide clean, green and renewable electricity to millions of households in the country.”
In the last week of December, Suzlon received two new orders. One order came from an Indian subsidiary of a Nordic energy company, the other from Mahindra Susten Private Limited, the clean-teach arm of the Mahindra Group.
The contract acquisition from the Nordic company's local subsidiary covers the construction of a 100.8 megawatt (MW) wind power project. According to a stock exchange filing, Suzlon will deploy 32 wind turbine generators (WTGs) with a hybrid lattice tubular tower (HLT) rated at 3.15 MW each. This project in Karnataka is a repeat order from a customer, specifically for the company's largest turbine with a capacity of 3.15 MW. According to the agreement, Suzlon will undertake the delivery of the wind turbines (equipment delivery) and oversee the project, including responsibility for commissioning. Additionally, it was determined that Suzlon would be responsible for post-commissioning operations and maintenance services.
In addition, Suzlon announced another successful contract for the development of a 100.8 MW wind power project with Mahindra Susten. For this project in Maharashtra, Suzlon will install 48 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower rated at 2.1 MW each. The company is entrusted with the complete delivery, installation and commissioning as well as post-commissioning operation and maintenance services for this project.
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