Suzlon Energy wins new 180.60 MW order from Sembcorp; stock surges ~5%

6 Sep 2022 , 02:09 PM

Suzlon Group, India’s leading provider of renewable energy solutions, today received a new contract for the building of a 180.6 MW wind power project for Sembcorp’s renewables subsidiary Green Infra Wind Energy Limited.

Suzlon will deploy 86 wind turbine generators (WTGs) with 2.1 MW rated capacity and a Hybrid Lattice Tubular (HLT) tower. The project would be completed in 2024 and will be located in Kanakagiribad, Bagalkot, Karnataka.

Suzlon will supply the wind turbines (equipment supply) and manage the project from start to finish, including installation and commissioning. It will also provide extensive post-commissioning operation and maintenance services.

Suzlon turbines use time-tested Doubly Fed Induction Generator (DFIG) technology to link wind turbines into the utility network and satisfy grid standards. Suzlon’s R&D efforts are always focused on improving turbine performance, capturing more energy from low wind areas, and cutting energy costs.

“This is the third repeat order from Sembcorp,” said Ashwani Kumar, CEO of Suzlon Group. We are glad to collaborate with them once more, and we value the customer’s trust in our products and services.”

Every Suzlon turbine, with around 80%-90% local content and built in the country via a robust domestic value chain, is a testament to our commitment to Aatmanirbhar Bharat’s goal, added Ashwani.

At around 2.13 PM, Suzlon Energy was trading at Rs11.13 up by 5.3% from its previous closing of Rs10.57 on the BSE.

For feedback and suggestions, write to us at [e-mail]