CALCULATE YOUR SIP RETURNS

Suzlon Secures India’s Largest Wind Energy Order from NTPC Arm

18 September 20245 mins read by Angel One
This order, totaling 1,166 MW, is the single largest wind energy project ever awarded in India, solidifying Suzlon’s leadership in the sector.
Suzlon Secures India’s Largest Wind Energy Order from NTPC Arm
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Introduction

Suzlon Energy Limited, India’s leading renewable energy solutions provider, has made headlines once again by securing the country’s largest wind energy order. This monumental deal involves a partnership with NTPC Green Energy Limited, the renewable arm of NTPC, India’s largest energy conglomerate. This collaboration marks a significant milestone in India’s renewable energy landscape and sets the stage for Suzlon’s prominent role in the nation’s green transition.

Key Highlights of the Order

  • Massive Wind Energy Project: Suzlon will install a total of 370 wind turbine generators (WTGs) of the S144 series, each with a rated capacity of 3.15 MW. The project will span three sites across Gujarat, including ventures by NTPC Renewable Energy Limited and IndianOil NTPC Green Energy Pvt. Ltd.
  • India’s Largest Wind Energy Order: This order, totaling 1,166 MW, is the single largest wind energy project ever awarded in India, solidifying Suzlon’s leadership in the sector.
  • Powering Millions: The electricity generated from these projects will have the capacity to power approximately 3 million households, making a substantial contribution to India’s energy self-sufficiency.

Strategic Importance of the Partnership

This partnership is a strategic win for Suzlon and NTPC Green Energy Limited, signaling a significant push towards achieving India’s renewable energy targets. According to Girish Tanti, Vice Chairman of Suzlon Group, “This landmark collaboration reaffirms our commitment to accelerating India’s renewable energy transition. It also marks our triumphant return to the PSU customer segment.”

The collaboration will also play a crucial role in meeting NTPC Green Energy Limited’s ambitious target of adding 60 GW of renewable energy capacity by 2032. The project is set to become a benchmark for future public sector undertakings (PSUs) in the renewable sector, driving economic prosperity and advancing the ‘Make in India’ initiative by fostering local manufacturing and sustainable energy solutions.

Technological Edge: Suzlon’s S144 Wind Turbine

The heart of this project lies in Suzlon’s state-of-the-art S144, 3.15 MW wind turbines. These turbines are equipped with Hybrid Lattice Tubular (HLT) towers, combining superior performance with reduced environmental impact. This technology not only enhances energy production but also supports India’s goals of expanding green energy with homegrown solutions.

JP Chalasani, CEO of Suzlon Group, emphasizes the importance of such innovations: “Our flagship product, the S144 wind turbine, is set to become a landmark case study in the sector, showcasing the success of the ‘Make in India’ initiative by advancing local manufacturing and sustainable energy solutions.”

Future Prospects and Industry Impact

Suzlon’s successful bid for India’s largest wind energy order marks a promising future for the renewable energy sector. As the nation continues to focus on reducing carbon emissions and enhancing its renewable energy portfolio, collaborations like these will be pivotal. The project’s success will likely inspire similar large-scale initiatives, further cementing India’s position as a leader in sustainable energy.

The execution of this project is expected to be a game-changer, with Suzlon taking charge of the complete spectrum of operations, including supply, erection, commissioning, and post-commissioning maintenance of the turbines. This comprehensive involvement underscores Suzlon’s commitment to delivering exceptional quality and setting new benchmarks in the wind energy sector.

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.

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Enjoy ₹0 Account Opening Charges

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges