The Times of India: June, 2014
Mumbai: Suzlon Group, the world's fifth largest wind turbine manufacturer on Thursday announced that it has been awarded a 100.8MW order by ReNew Wind Power, India's leading independent power producer (IPP) in the wind energy sector, leading its shares gain 5% to touch its 52-week high of Rs 29.85 in a firm Mumbai market.
The project is scheduled for execution at the Bhesada wind site in Jaisalmer district of Rajasthan. As per the agreement, the group will not only supply 48 units of its robust S97-120m WTG's but will also oversee operations, maintenance and service of the wind site over the contracted period.
Sumant Sinha, chairman & CEO of ReNew Wind Power said, "This deal reinforces our commitment to developing sustainable energy solutions for India. Our partnership with Suzlon has added momentum to this mission."
The S97-120 WTG's is set to change the dynamics of the wind energy business. This is Suzlon's maiden order for its new towers that is specially designed with a 120m hub height. The innovative S97- 120m tower design is a combination of Lattice & Tubular structure making it the tallest wind tower in India. The towers are designed to harness the optimal available wind resources and deliver higher energy productivity, which in turn ensures higher ROI to customers, said a company statement.
"Leveraging on our leadership position within the country, we continue to have a strong focus on the Indian market as it offers a favourable renewable energy environment especially now with the new Government in place. We continue to create innovative and reliable products as with the S97-120m which is specifically made for low wind sites. Our mission is to make profitable and efficient wind energy accessible within the country," said Tulsi Tanti, chairman, Suzlon Energy Limited.
Echoing similar feelings, Ishwar C Mangal, president — sales & marketing, Suzlon Energy Limited said "This order has added a fillip to our robust order book. ReNew wind power is a valued customer and we look forward to executing this order to further fortify our relationship. This order is indeed a reaffirmation of our capabilities that allow us to offer customized solutions for our customer's in accordance with market conditions."