Suzlon Powers Ahead with 100.8 MW Wind Project for Sunsure in Maharashtra

Suzlon Group has secured a 100.8 MW wind power project order from Sunsure Energy, an Independent Power Producer (IPP). This project will be built in Jath, Maharashtra, and marks Sunsure’s first step into wind energy. Suzlon will supply 48 advanced S120 wind turbines, each with a 2.1 MW capacity, using Hybrid Lattice Towers.

What Suzlon Will Do

Suzlon will not only supply the wind turbines but also take care of equipment installation, project execution, and commissioning. After the turbines are up and running, Suzlon will handle operations and maintenance as well.

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Boost to Clean Energy and RTC Power

This wind project will expand Sunsure Energy’s renewable energy portfolio and support its goal of delivering Round-The-Clock (RTC) renewable power to its customers in Maharashtra. It also supports India’s national target of achieving 500 GW of non-fossil fuel energy capacity by 2030.

JP Chalasani, CEO, Suzlon Group, said that large companies adopting wind energy is key to reaching India’s clean energy goals. Wind power helps provide reliable, affordable, and quality electricity. It also supports economic growth and innovation in the industry.

About Sunsure Energy

Founded in 2014, Sunsure Energy is a leading clean energy solutions provider for Indian businesses. It offers long-term Power Purchase Agreements (PPAs), helping companies offset up to 70% of their electricity with green power from solar, wind, and battery storage. Backed by a $400 million investment from Partners Group AG, Sunsure aims to become the largest industrial decarbonisation company in India and Southeast Asia. It currently operates 500 MW, has 3.5 GW under development, and targets 10 GW by 2030.

About Suzlon Group

Suzlon is a renewable energy company in India, with about 20.9 GW of wind energy capacity installed in 17 countries. Headquartered in Pune, it has R&D centres in Germany, the Netherlands, Denmark, and India, along with top-tier manufacturing units across India. With nearly 30 years of experience and over 7,800 employees, Suzlon manages ~15 GW of renewable energy assets in India and 6 GW globally. Its wind turbines range from 2.x MW to 3.x MW in capacity.

As of April 17 at 11:58 AM IST, Suzlon Energy share price (NSE: SUZLON) is trading at ₹55.08, up by ₹0.74 or 1.36% for the day. The stock opened at ₹54.33, touched an intraday high of ₹55.65, and a low of ₹54.01. Suzlon has a market capitalisation of ₹75,220 crore and a price-to-earnings (P/E) ratio of 65.77. The stock has a 52-week high of ₹86.04 and a 52-week low of ₹37.90. It does not currently offer a dividend yield.

Conclusion

This strategic partnership between Suzlon and Sunsure Energy highlights the growing momentum of wind power in India’s renewable energy journey. As India pushes toward a greener future, collaborations like this are crucial in meeting energy demands sustainably while advancing corporate decarbonisation goals.

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