Suzlon will install 14 units of their S120 – 140m wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each at Osmanabad in Maharashtra. The project is expected to be commissioned in phases, beginning in April 2024.

Suzlon will execute the project with a scope of supply, installation, and commissioning. Additionally, the company will also offer post‐commissioning operation and maintenance services.

BrightNight is a global, independent power producer with a 38 GW portfolio. The company is developing a large portfolio of multi‐tech, hybrid, dispatchable renewable projects across country. It recently announced a $250 million partnership with ACEN, an Ayala group company, for accelerating and expanding its portfolio of projects in India.

JP Chalasani, chief executive officer, Suzlon Group said, “We are happy to announce our first order with 'BrightNight', a global renewable energy independent power producer (IPP) with a rapidly growing footprint in India.

The power generated from this project will target the C&I customer segment, creating deeper penetration of renewable energy in India. Suzlon is committed to partnering with increasing number of Indian industries, driving them toward their net‐zero targets while powering the nation with sustainable 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 tumbled 95.85% to Rs 100.90 crore in Q1 FY24 as compared with Rs 2,433.33 crore posted in Q1 FY23. Revenue from operations declined 2.18% year on year (YoY) to Rs 1,347.52 crore in the quarter ended 30 June 2023.

The scrip lost 0.16% to currently trade at Rs 25.45 on the BSE.