This is the fourth order win for Suzlon in the last one month.
Suzlon Energy Ltd., a wind turbine manufacturer, announced on Tuesday that it has received an order for 103.95 MW from AMPIN Energy Transition.
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The project will supply 33 wind turbines, each with a rated capacity of 3.15 MW. The order is for the company’s larger-rated S144-140 turbines from the 3 MW product line.
This will be installed at the client’s site in Rajasthan’s Fatehgarh district as part of the Hybrid Project, which received bids from SECI and Commercial & Industrial customers.
A project of this size can provide electricity to almost 85,000 families while reducing carbon dioxide emissions by roughly 3.38 lakh tonnes each year.
Suzlon will not only supply the wind turbines and complete the project, including erection and commissioning, but will also provide comprehensive operations and maintenance services after commissioning.
“Going forward, we will see the industry add on increasing volumes of hybrid renewable energy projects, which will be the cornerstone of effective energy transition,” said Vivek Srivastava, CEO of the Suzlon Group’s India division.
Suzlon has won four orders in the past month. Here are the prior orders:
| Date | Energy Source | MW |
|---|---|---|
| May 22, 2024 | Juniper Green Energy | 402 MW |
| May 29, 2024 | Aditya Birla Group | 551 MW |
| May 31, 2024 | Oyster Green Hybrid | 81.9 MW |
| June 11, 2024 | AMPIN Energy Transition | 103.95 MW |
Suzlon received attention on Monday after one of its independent directors resigned over the weekend, citing corporate governance difficulties and complimenting the company’s financial achievements.
“We appreciate Mr. Desaedeleer’s efforts to the Company over the years and are grateful that he was pleased with the Company’s operational and financial performance during the last eighteen months. Suzlon emphasises its dedication to following all regulatory guidelines and providing proactive disclosures and compliance. Suzlon responded to CNBC-TV18 that it will consider Mr. Desaedeleer’s proposals for procedural upgrades and work towards improving operational performance.
Suzlon shares are trading 2.7% higher at ₹48.67, but falling from their day’s high. The stock has risen roughly 30% so far in 2024.
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