Hot Pursuit     27-Dec-23
Suzlon Energy bags 100.8 MW order from Nordic Energy Company
Suzlon Energy said that it has received a new order for the development of a 100.8 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company.

The company said that it will install 32 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3.15 MW each. The project is located at Karnataka.

This is the repeat order from the customer for the company's largest turbine rated 3.15 MW, S144‐ 140m from the 3 MW series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning.

Subsequently, the company has also bagged a new order for the development of a 100.8 MW wind power project for Mahindra Susten , the clean‐teach arm of the Mahindra Group.

Suzlon will install 48 units of their S120 – 140m wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 2.1 MW each in Maharashtra.

The firm stated that it will execute the project with a full scope of supply, installation, and commissioning. Additionally, Suzlon will also undertake post‐commissioning operation and maintenance services.

“Every Suzlon turbine is manufactured in the country through a thriving domestic value chain ecosystem which is a testament to its contribution to the vision of an Aatmanirbhar Bharat. Suzlon turbines feature the time‐tested doubly fed induction generator (DFIG) technology that efficiently integrates wind turbines into the utility network to meet the grid requirements,” said the company.

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 81.1% to Rs 102.29 crore in Q2 FY24 as against a net profit of Rs 56.47 crore in Q2 FY23. Net sales shed 0.9% YoY to Rs 1,417.21 crore in Q2 FY24.

Shares of Suzlon Energy rose 0.33% to Rs 37 on the BSE.

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