Suzlon Energy bags Rs 750 crore order from ReNew Wind Power

NEW DELHI: Wind turbine maker Suzlon Energy Ltd on Thursday said it has won a repeat order worth Rs 750 crore from ReNew Wind Power for its 100.8 MW project in Rajasthan.

The company said the order is for supply of 48 units of S97-120m wind turbine generators at Bhesada in Jaisalmer district, where ReNew Wind Power is setting up the project. The order also requires Suzlon to oversee operations, maintenance and service of the site.

Following the announcement, shares of Suzlon Energy jumped 4.92% to hit their 52-week high of Rs 29.85 on the Bombay Stock Exchange.

This is Suzlon’s first order for its new towers, which are specially designed with a 120m hub height. The S97- 120m tower design is a combination of lattice and 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 in turn ensures higher returns on investment to customers, Suzlon said.

“We continue to have a strong focus on the Indian market as it offers a favourable renewable energy environment, especially with the new government in place,” Suzlon Energy chairman Tulsi Tanti said. “We continue to create innovative and reliable products as with the S97-120m, which is specifically made for low wind sites.”

ReNew Wind Power chairman and CEO Sumant Sinha said the deal reinforces commitment to developing sustainable energy solutions for India.