January 9, 2008
Suzlon signs new orders with Chinas Jingneng Group
Two contracts total 100 MW of capacity
Mumbai: Suzlon Energy Tianjin Limited (SETL), China-subsidiary of Suzlon Energy
Limited the worlds 5th largest wind turbine manufacturer*, announced the signing
of two new orders with the Jingneng Group, Chinas leading power project
developers. The contracts call for a total of 100 MW of capacity, to be delivered by
May 2008.
The first order calls for a delivery of 33 units of S82 1.5 MW turbines, and the
second for 40 units of S64 - 1.25MW turbines, translating to another 50 MW of
capacity.
After winning this order SETL Paulo Fernando Soares, CEO SETL said, We are very
pleased to partner with Jingneng Group to deliver sustainable power solutions in
China. Suzlon has made significant contributions towards the development of wind
energy in this market and this order brings us a step closer to enable China to meet
its new renewable energy targets.
Mr. Andre Horbach, CEO - Suzlon Group stated With opportunities growing with
Chinas booming economy, we believe it is a key market for wind energy. We are
delighted to be associated with one of Chinas leading power developers.
Chinas Renewable Energy Law, which came into effect in China from 1st January
2006, is one of the largest state-sponsored commitments toward renewable energy
in the world. The law sets targets for two phases 5,000 MW by 2010, at an annual
average of 800 MW per year, current installed capacity being below 1000 MW, and
30,000 MW by 2020, at an annual average of 2,500 MW by 2020.
These targets are expected to boost energy from renewable sources up to 10 percent
of total consumption by 2020.
