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BW Businessworld

Suzlon Wins Repeat Order From ReNew Wind Power Ventures

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World’s fifth largest wind turbine manufacturer, Suzlon, said it has been awarded a 100.8 MW order by ReNew Wind Power. The project is scheduled for execution at the Bhesada wind site in Jaisalmer, Rajasthan. 

Suzlon will provide 48 units of its S97-120 metre WTGs and will also oversee operations, maintenance and service of the wind site over the contracted period.

The S97-120 meter tower design is a combination of Lattice & Tubular structure, making it the tallest wind tower in India. The towers are designed to harness the optimal available wind resources and deliver higher energy productivity, which  ensures higher rate on investment, according to the company.

Sumant Sinha, Chairman & CEO of ReNew Wind Power said “This deal reinforces our commitment to developing sustainable energy solutions for India. Our partnership with Suzlon has added momentum to this mission”.

ReNew Power has over 450 MWs of installed and operational clean energy capacity across the states of Maharashtra, Rajasthan, Karnataka and Gujarat.
 
Tulsi Tanti, Chairman of Suzlon Energy Limited said “Leveraging on our leadership position within the country, we continue to have  a strong focus on the Indian market as it offers a favourable renewable energy environment especially now with the new Government in place. We continue to create innovative and reliable products as with the S97-120m which is specifically made for low wind sites. Our mission is to make profitable and efficient wind energy accessible within the country”.     

Suzlon energy reported an increase in revenue for the quarter ended from Rs 4,336.44 crore to  Rs 6,645.05 crore, the highest in the last eight quarters.The net loss for the quarter ended 31 March narrowed to Rs 603.45 crore from Rs 1,912.72 crore in the year-ago period.

The company is planning to mop up about Rs 1,000 crore from the sale of non-core assets in this financial year. The wind energy major has already raised more than Rs 700 crore by selling two non-core assets.

Suzlon’s global operations are spread across 31 countries. The company has a strong workforce of 10,000.