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Suzlon Energy Secures 551.25 MW Wind Power Project from Aditya Birla Group

31 May 20243 mins read by Angel One
Suzlon Energy secures a 551.25 MW wind power project from Aditya Birla Group, deploying 175 turbines in Rajasthan and Gujarat.
Suzlon Energy Secures 551.25 MW Wind Power Project from Aditya Birla Group
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On May 29, 2024, Suzlon Energy informed the stock exchanges that it had received a fresh order from the Aditya Birla Group, a prominent global Indian conglomerate, for a 551.25 MW wind power project. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, each with a rated capacity of 3.15 MW, across locations in the Barmer district of Rajasthan and the Bhuj district of Gujarat.

This order entails the acquisition of Suzlon’s larger-rated 3.15 MW turbines from the 3 MW product series. Under the agreement, Suzlon will handle the supply of wind turbines and project execution, including erection and commissioning, in Rajasthan. In Gujarat, they will oversee the supply, supervision, and commissioning of the project. Additionally, Suzlon will be responsible for comprehensive operations and maintenance services post-commissioning at both sites.

The company stated that Suzlon turbines utilise the proven Doubly Fed Induction Generator (DFIG) technology, which effectively integrates wind turbines into the utility network to meet grid requirements. Suzlon’s ongoing R&D endeavours are consistently focused on enhancing turbine performance, maximising energy capture from low wind sites, and reducing the cost of energy.

The Vice Chairman of Suzlon Group, Girish Tanti, said, “We are delighted to partner once again with the Aditya Birla Group for this order. Suzlon admires and shares the value of nation-building with the Aditya Birla Group and welcomes this opportunity to power them with sustainable energy. We applaud ABG’s visionary approach to power operations across its group companies with renewable energy and set an example for India Inc.”

He further emphasised that Suzlon’s extensive and proven product portfolio, specifically designed for the Indian wind regime, would be crucial in accelerating India’s renewable energy capacities in alignment with national targets, thereby fueling the Indian industry with clean energy.

The Business Head and Director at Aditya Birla Renewables Limited, Jayant Dua, stated, “At Aditya Birla Renewables Limited, we prioritise partnerships that enhance our mission to power India Inc. with renewable energy, expanding the accessibility of green power throughout the country. Suzlon’s technological expertise, manufacturing capabilities, and comprehensive project development skills will help accelerate our energy transition journey and support our net-zero commitments.”

On May 29, 2024, the share price of Suzlon Energy Ltd opened at ₹43.90, touching the day’s high at ₹46 as of 11:03 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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