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Suzlon bags new order, stocks zoomed 3.5%

17 May 20233 mins read by Angel One
A project of this size can provide electricity to 307 thousand households and curb 2.92 lakh tonnes of CO2 emissions every year
Suzlon bags new order, stocks zoomed 3.5%
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The stock of Suzlon Energy is buzzing on the bourses in early deals on Wednesday. The stock has zoomed over 3.5 % and currently, it is trading near the day’s high. The stock is trading above its key short-term moving average i.e., 20 and 50-days moving averages and has immediate resistance in the form of its long-term moving average 200-DMA which is placed at level of Rs 8.65.

The reason that the stock is seeing good buying early in the day is because the company has announced that it has received an order from Vibrant Energy for 33 wind turbine generators (WTGs) featuring its new 3 MW series with a Hybrid Lattice Tubular (HLT) tower for a 99 MW wind power project which is expected to be commissioned by FY25. A project of this size can provide electricity to 307 thousand households and curb 2.92 lakh tonnes of CO2 emissions every year. This is the third order of the new Suzlon 3 MW series in less than a month.

This order of the larger wind turbine model from the new 3 MW series ‐ the S144‐140m is part of the agreement wherein Suzlon Energy will supply the wind turbines (equipment supply), provide erection and commissioning services as well as comprehensive operations and maintenance services post‐ commissioning.

The Suzlon 3 MW Series

The largest renewable energy solutions provider in India, The Suzlon Group is proud to announce its 3 MW series of wind turbines. With the primary objective of increasing generation, reducing the cost of energy and contributing to an Aatmanirbhar Bharat, this series marks a significant milestone for the company and the country’s wind energy sector.

Suzlon’s 3 MW turbines feature a 144‐meter rotor diameter and are designed to unlock low wind sites and deliver improved energy yield suitable for all Indian wind regimes. With local content of up to 85‐90% by its serial launch, this series proves Suzlon’s commitment to innovation and self‐reliance.

The S144 wind turbine generator is one of the largest in India, extendable up to 3.15 MW, depending on site wind conditions, available at a hub height of 140 meters going up to 160 meters by its serial launch. At 160 meters hub height the S144 will also be India’s tallest wind turbine. Suzlon’s S144 fleet will deliver a remarkable 40‐43% higher generation over Suzlon’s current model, the S120 – 2.1 MW wind turbine, showcasing its ability to optimize wind resources at higher altitudes and make varied wind sites viable.

Furthermore, the 3 MW turbine generators feature the time‐tested Doubly Fed Induction Generator (DFIG) technology and the SB 70.5 carbon fibre blade engineered and developed by Suzlon. This world‐class technology provides the capability to utilize thinner aerodynamic profiles, resulting in excellent performance across all types of wind regimes and a significant increase in generation yield per unit of land

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