Plus   Neg

Suzlon Group Wins Wind Turbine Order From Orange Renewable Power

Suzlon Energy Ltd. said its group bagged a 50.4 MW wind energy project contract from Orange Renewable Power. The project is scheduled for completion in FY 2012-13.

As per the contract, Suzlon will supply 24 units of the S88 - 2.1 MW wind turbine generators totaling 50.4 MW of capacity, instal, operate and maintain the wind turbines for this end-to-end project, in the Jaisalmer district of Rajasthan.

The S88 turbine is designed for operations in medium wind regimes with the ability to withstand extreme conditions and operate effectively with lower maintenance costs. The S88 have enjoyed international success with over 2,400 units installed worldwide, translating to over 5 GW of capacity.

Speaking on the order, Orange Renewable Power Co-Founder Ranjit Gupta said, "We see wind as a highly viable option with its techno-economic maturity and feel that Suzlon, with its technological expertise and proven market capabilities, is the right partner to achieve our objective to become an organization of excellence that provides best in class project and services to the emerging renewable energy industry. We plan to develop and operate a portfolio of renewable energy assets, including wind, biomass, small hydro and solar, where each project would be crafted to deliver optimum value to all stakeholders."

Suzlon Energy CEO-India and emerging markets Rohit Modi commented, "We are pleased to receive this order from Orange Renewable Power and look forward to partnering with the company in its ambitious plans for the wind energy sector in India. With growing participation and investment from domestic and international IPPs, the segment is already playing a pivotal role in accelerating the development of Indian wind energy market."

At the BSE, Suzlon Energy shares are currently trading at Rs.21.15, up 0.48 percent from the previous close.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT