Renewable energy solutions provider Suzlon on Monday (September 9, 2024) said it has bagged India’s largest wind energy order of 1,166 MW from NTPC subsidiary NTPC Green Energy Ltd. for execution in three sites in Gujarat.
“This is also the first major order from a PSU for us in recent times,” said Suzlon Group CEO J.P. Chalasani during an interaction.
He said the project will be executed across three sites in Gujarat and the electricity generated will power three million homes. The first plant will be commissioned by December 2025 and the next two by February 2026, he said while refusing to divulge project costs.
With this win, Suzlon’s cumulative order book stands close to 5 GW as of September 3. About 75% of the current order book is from Commercial and Industrial (C&I) sector and Public Sector Undertakings (PSUs).
Till recently, Suzlon Group could not participate in PSU tenders due to qualification requirements in the balance sheet in terms of net worth and other criteria.
“Our balance sheet is now robust. It is a beginning and we will win many more PSU tenders in the coming days,” he said.
As part of the agreement, Suzlon will supply the wind turbines and execute the project, including erection and commissioning, undertake operations and maintenance (O&M) services post‐commissioning. The O&M is for 10 years.
Suzlon will install a total of 370 wind turbine generators of S144 equipped with a Hybrid Lattice Tubular tower and a rated capacity of 3.15 MW each.
“This strategic collaboration between Suzlon and NTPC will showcase the success of the ‘Make in India’ initiative by advancing local manufacturing and sustainable energy solutions,” said Mr. Chalasani.
A press statement by the company said, “Upon completion, it will set a new benchmark for future projects, substantially, contributing to India’s energy self-sufficiency, economic prosperity and NGEL’s ambitious target of adding 60 GW renewable energy capacity by 2032.”
(With inputs from PTI)
Published - September 09, 2024 03:14 pm IST
