Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3 MW each. The project to be located at Thalaikattupuram, Tuticorin in Tamil Nadu and is expected to be commissioned in 2024.

A project of this size can provide electricity to approximately 32,000 households and curb around 1.26 lakh tonnes of CO2 emissions per year.

As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post‐commissioning.

JP Chalasani, chief executive officer (CEO), Suzlon Group, said, “This is our first order with the group and features our 3 MW series product, which is one of the largest wind turbines in India today. We believe this series will play a crucial role in fulfilling India's renewable energy goals. First Energy is dedicated to providing green energy to MSMEs and medium to high power consuming industries in the country, which aligns with our vision of a sustainable India. We thank them for their trust in Suzlon's technology and services and look forward to building a strong and self‐reliant India together."

Ravi Damaraju, director, First Energy 5, said, “India is blessed with a potential of more than 300 GW of wind energy. First Energy, as part of the thermax Group, is committed to unlocking India's renewable energy potential to power the commercial and industrial sectors.We are focussed on increasing our green energy footprint in India and look forward to creating many landmark projects in the future that will help us power our customers' growth and electricity requirements with clean energy.”

The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.

The company's consolidated net profit jumped 107.9% to Rs 78.36 crore in Q3 FY23 as against Rs 37.69 crore posted in Q3 FY22. However, revenue from operations fell 9.3% YoY to Rs 1,448.97 crore in the quarter ended 31 December 2022.

The scrip was down 0.37% to Rs 8.16 on the BSE.