Suzlon Secures 81.9 MW Wind Project Order in Madhya Pradesh

On May 31, 2024, Suzlon Group informed in an exchange filing that the company had secured a new order win to develop an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited. Suzlon will install 26 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at the client’s site in Agar, Madhya Pradesh.

The order pertains to Suzlon’s 3.15 MW, S144-140m turbines, a part of the 3 MW product series. Under the agreement, Suzlon will provide the turbines and execute the project, this includes erection and commissioning. Additionally, Suzlon will offer comprehensive operations and maintenance services post-commissioning.

Suzlon turbines incorporate the well-established Doubly Fed Induction Generator (DFIG) technology, which integrates wind turbines into the utility grid to fulfil grid demands. Suzlon’s R&D efforts consistently prioritise improving turbine efficiency, optimising energy capture in low-wind regions, and minimising the total cost of energy production.

Commenting on this order, the Chief Executive Officer of India Business at Suzlon Group, Vivek Srivastava, said, “We are happy to announce our first order with Oyster Green Hybrid One Private Limited, an Indian Independent Power Producer (IPP) of great repute.”

He added that Suzlon acknowledges the confidence customers place in the quality and reliability of its technology and service solutions. The electricity generated from the project aims to serve the commercial and industrial (C&I) customer segment, further advancing renewable energy penetration in India. Suzlon reaffirms its deep commitment to powering industries with sustainable green energy, supporting their progress while aligning with their net-zero ambitions.

The Chief Operating Officer of Oyster Green Hybrid One Private Limited, Ateesh Samant, said, “At Oyster Green Hybrid One Private Limited, we are focussed on increasing our green power portfolio through Wind and Wind‐Solar Hybrid projects. We always strive for alliances that help us in our journey of increasing the reach of renewable energy in India with a focus on sustainability. We are positive that being the nation’s largest renewable energy solutions provider, Suzlon’s technological expertise and manufacturing capabilities will allow us to grow our green energy portfolio and serve our customers with a shared ideology.”

On May 31, 2024, the share price of Suzlon Energy Ltd opened at ₹45.70, touching the day’s high at ₹46.10, as of 12:15 PM on the NSE.

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