Suzlon Energy secures 48.3 MW order from Adani Green Energy; stock rallies ~5%

18 Oct 2022 , 10:10 AM

Suzlon Energy, one of India’s leading producers of renewable energy solutions, announced today a new order for the building of a 48.3 MW wind power project for Adani Green Energy Ltd.

Suzlon will deploy 23 wind turbine generators (WTGs) with 2.1 MW rated capacity and a Hybrid Lattice Tubular (HLT) tower. The project will be completed in 2023 and will be located in Mandvi, Kutch Gujarat. This is a repeat purchase from Adani Green Energy Ltd., and it adds to the current order of 226.8 MW announced on August 13th, 2021.

Girish Tanti, Executive Vice Chairman of Suzlon Group, commented on the order win, saying, “We are glad that Adani Green Energy has reinforced their faith in us for the extra order for their Wind Energy Project in Mandvi, Kutch, Gujarat. It is always an honour to collaborate with India’s foremost IPP in their efforts to power our nation with green energy.”

The scope of the project includes supply, installation, and commissioning. Suzlon will also provide post-commissioning operation and maintenance services.

At around 9.50 AM, Suzlon Energy was trading 4.70% higher at Rs7.80, against previous close of Rs7.45 on NSE. While, Adani Green Energy is currently trading at Rs2,202.25 per piece up by 2.05% from its previous closing of Rs2,158.05 on the BSE.

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