Suzlon-Jindal Renewables Partnership Expands with 302.4 MW Project

Suzlon Energy Limited informed the exchanges that it has expanded its partnership with JSP Green Wind 1 Pvt. Ltd, a subsidiary of Jindal Renewables, with an additional 302.4 MW wind power project in the Koppal region of Karnataka. This new project aims to support India’s green steel production and is part of a broader collaboration to accelerate the transition to renewable energy.

On December 4, 2024, Suzlon share price (NSE: SUZLON) opened at ₹65.90, slightly up from its previous close of ₹65.40. At 10:59 AM, the share price of Suzlon was trading at ₹66.65, up by 1.91% on the NSE.

Suzlon’s Largest Commercial Order

With this extension, the total capacity from Jindal Renewables to Suzlon reaches 702.4 MW, marking Suzlon’s largest-ever commercial and industrial (C&I) order from a single customer. This follows the previous 400 MW captive wind power project secured in the same region, reinforcing the growing partnership between the two companies.

Record Order Book

Suzlon’s order book now stands at a record 5.4 GW, with C&I customers accounting for 56% of the total. As part of the agreement, Suzlon will supply 96 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers, each rated at 3.15 MW. The energy generated will be used for captive consumption in steel plants in Chhattisgarh and Odisha, enhancing sustainability and supporting India’s green energy transition.

Commenting on this development, Girish Tanti, Vice Chairman, Suzlon Group, said, “We are delighted to announce the repeat order from Jindal Renewables, which further strengthens our partnership and underscores the trust they have placed in us. This collaboration will propel our joint green steel mission forward, while significantly contributing to India’s ambitious renewable energy target of 50% electricity from non‐fossil fuels by 2030.”

The President of Jindal Renewables, Bharat Saxena, said, “This project aligns perfectly with our commitment to driving sustainability and decarbonisation in the steel industry. Partnering with Suzlon for lower-emission steel production is just the beginning, there will be many more such initiatives as we continue to lead the way in adopting renewable energy solutions.”

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