Suzlon Group, India’s largest renewable energy solutions provider, has announced a significant repeat order of 201.6 MW from Oyster Renewable. This order strengthens Suzlon’s position as a key player in India’s wind energy sector and extends its partnership with Oyster Renewable to a total of 283.5 MW in Madhya Pradesh.
This development comes as part of India’s broader clean energy transition, reinforcing the growing demand for wind energy solutions, particularly from commercial and industrial (C&I) consumers. Notably, 59% of Suzlon’s total order book now consists of C&I projects, demonstrating a shift towards sustainable energy in the industrial sector.
The share price of Suzlon Energy was trading 1.54% lower as of 12:20 PM on February 12, 2025.
Suzlon will install 64 state-of-the-art S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW, supported by Hybrid Lattice Towers (HLT). The order will be executed in Madhya Pradesh, a region emerging as a hub for wind energy.
Girish Tanti, Vice Chairman of Suzlon Group, highlighted the growing trust in Suzlon’s capabilities, stating: “After working with us for commissioning, Oyster has now trusted Suzlon with a full EPC order—reinforcing our position as the preferred renewable energy partner.”
This repeat order not only cements Suzlon’s relationship with Oyster Renewable but also affirms its expertise in end-to-end renewable energy solutions, from land acquisition to operations and maintenance (O&M).
With this latest deal, Suzlon’s order book has reached a record 5.7 GW, the highest ever for the company. This surge is primarily driven by demand from the C&I segment, which continues to seek cost-effective and reliable renewable energy solutions.
JP Chalasani, CEO of Suzlon Group, remarked: “Madhya Pradesh has become a key wind energy hub, and we are proud to continue contributing to the state’s renewable journey. This is our 5th repeat order this year, highlighting our customer-centric approach and commitment to a sustainable future.”
Suzlon is a leading global renewable energy solutions provider with over 20.9 GW of wind energy capacity installed across 17 countries. The company has world-class R&D facilities in Germany, the Netherlands, Denmark, and India, and has played a crucial role in India’s wind energy expansion.
Oyster Renewable develops and operates renewable energy projects, primarily catering to commercial and industrial consumers. With a team that has over 20 years of experience in the renewable energy sector, the company has delivered over 2,000 MW of capacity and aims to expand further through hybrid solar and wind solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 12, 2025, 3:55 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates