July 10, 2012
Suzlon Group signs 300 MW equipment sale agreement with ReNew Power
- Firm order of 100 MW to be supplied in FY13
- Framework agreement for 200 MW
- Order consists of Suzlons S9X 2.1 MW turbine suite
- First large equipment supply-model order in India
Pune: Suzlon Group, the world's fifth* leading and Indias largest wind turbine
manufacturer, has signed an equipment sale deal with ReNew Power Ventures Pvt.
Ltd. (ReNew Power), for wind energy projects of 300 MW to be developed across
India. Suzlon will supply, supervise, operate and maintain the projects, while ReNew
Power will act as a developer. ReNew Power is one of Indias leading IPP players and
aims to play a vital role in meeting Indias growing energy needs.
Suzlon will, under the firm contract, supply 48 units of its latest S9X suite
comprising both S95 and S97 turbines to ReNew Power for a 100 MW project in
Maharashtra, for which development has already commenced.
The framework agreement for a further 200 MW will be converted into firm contracts
based on completion of the site development by ReNew Power.
Speaking on the order, Mr. Sumant Sinha, Chairman and CEO, ReNew Power,
said: This order marks our pioneering foray into the Developers mode of large
scale wind power projects, notably in the areas of site development & power
evacuation.
Speaking on the order Mr Tulsi Tanti, Chairman - Suzlon Group said: We are
pleased to receive this repeat order from ReNew Power, and look forward to
partnering with the company in its ambitious plans for the wind energy sector in
India.
The IPP segment is set to form an increasingly large part of the Indian wind market,
itself set for record growth, and Suzlon is ideally positioned to partner this segment.
The S9X suite, which features larger rotor diameters, increased hub heights and
technology enhancements, like the doubly fed induction generator (DFIG)
technology, are designed to harness power efficiently from lower wind speed sites.
