Suzlon wins repeat order for 90 MW from ReNew Power
04 June 2015
Suzlon Group, the country's leading wind turbine manufacturer, has won another order for 90.30 MW turnkey project from its existing customer, ReNew Power, an independent power producer.
Suzlon will install its S97 90m WTGs (wind turbine generator) with rated capacity of 2.1MW at Ellutla site in Ananthpur district of Andhra Pradesh.
The project will provide electricity to over 56,000 households and curb over 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 company said in a release.
The order of 90 MW from ReNew Power in Andhra Pradesh is the fourth repeat order from ReNew and the second order in the first quarter of FY16.
Suzlon has commissioned 98.70 MW for ReNew Power while another 100.80 MW is currently under execution in Rajasthan and has recently bagged a 90MW project in Madhya Pradesh.
''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 1,000 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,'' Sumant Sinha, chairman and CEO, ReNew Power, said.
''Suzlon and 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,'' Tulsi Tanti, chairman, Suzlon Group, added.
Tanti said India continues to be a lucrative market for wind energy, specifically with government's thrust on renewable and the target of 60GW by 2022.
This requires addition of an average of over 5 GW of annual capacity for the next seven 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.''