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Suzlon Bags 105 Megawatt Turnkey Contracts from SMEs, PSUs

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Suzlon Energy , equity shares, convertible bonds, conversion into equity

Mumbai: Wind turbine manufacturer Suzlon on Wednesday said it has bagged contracts from SMEs and public sector undertakings (PSU) to supply 50 turbines of 2.1 MW each in various parts of the country.

"Suzlon has been awarded orders for a combined capacity of 105 MW from a mix of SME and PSU customers, on turnkey basis, in this quarter," the company said in a statement.

Under the contracts, Suzlon will install a total of 50 turbines of 2.1 MW product platform in the key windy states, it said.

Suzlon will supply its multi-megawatt S95-90m, S97- 90m, S97-120m turbines and will leverage on its turnkey wind solutions expertise to oversee the project operations from start to end, the statement further said.

The projects will be located across Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh and Tamil Nadu.

"We continue to have a strong focus on the Indian market as it offers a favourable renewable energy environment. We will leverage our manufacturing facilities across India and continue to partner with our clients to contribute towards renewable energy portfolio," Suzlon Chairman Tulsi Tanti said.

He added, "We are confident that our business will add value to the energy security needs of our country."

The company said that many of these orders have been placed by SMEs for captive usage thus enabling them to freeze their long term captive power cost and incur substantial savings.

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