Suzlon continues strong traction in order; wins another 90 MW order from ReNew Power

Suzlon Group has announced that it has won another order for 90.30 MW turnkey project from its existing customer, ReNew Power, an Independent Power Producer (IPP) company.  Suzlon will install its S97 90m WTGs (wind turbine generator) with rated capacity of 2.1MW at Ellutla site in Ananthpur district, Andhra Pradesh (AP).  The project will provide electricity to ~56,000 households and curb ~ 0.195 million tonnes of CO2 emissions annually. Suzlon is witnessing strong traction in order inflow and this recent 90 MW order from ReNew Power, bolsters its new order intake in Q1 FY 2016 to over 190 MW from leading IPPs.

The order of 90 MW from ReNew Power in Andhra Pradesh is the 4th repeat order from ReNew and the 2nd order in the Q1 FY16.  Suzlon has commissioned 98.70 MW for ReNew Power; 100.80 MW is currently under execution in Rajasthan and recently bagged a 90MW project in Madhya Pradesh.

Speaking on the occasion, Mr. Sumant Sinha, Chairman & CEO, ReNew Power said, “Our mission is to play a pivotal role in meeting India’s growing energy needs, which requires us to partner with companies such as Suzlon, that have a strong foothold in the Indian market. ReNew Power, today has clean energy assets of more than 1000 MW of commissioned and under-construction projects. As a leading energy company in India, looking to rapidly expand business with highly efficient operations that support our growth objective, ReNew Power is pleased to associate with Suzlon as our partner of choice for developing this project in Andhra Pradesh.”

Mr Tulsi Tanti, Chairman, Suzlon Group said, “Suzlon & ReNew share a common resolve to enhance India’s renewable energy portfolio and have successfully collaborated in the past few years. We are glad to once again partner with ReNew for this project in Andhra Pradesh. It is a testament of ReNew’s confidence in our product portfolio, project execution capabilities & Life cycle asset management services.

India is a lucrative market for wind energy, specifically with government’s thrust on renewable and the target of 60GW by 2022. This requires an average of over 5 GW of annual market size for the next 7 years, which is more than double the current market size. Given the positive change in the Indian renewable energy landscape, our focus this year is to cater to Indian market and enhance our market share. Our technological prowess, best-in class service, pan-India presence and over 18 years of sustained market leadership give us the competitive edge and the leverage to tap the growth opportunities in India.”

Wind Power | News published on 05/06/2015 by Rashmi Nargundkar

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