Suzlon Energy shares surge 3% after winning wind power project

Suzlon Energy shares surge 3% after winning wind power project

Suzlon Energy Shares price saw a remarkable upswing of nearly 3% on October 27 after securing a substantial contract for a 50.4 MW wind power project.

In a significant development, Suzlon Energy clinched an order for the construction of a 50.4 MW wind power project, a part of the 3 MW product series, commissioned by Juniper Green Energy Private Limited.

Suzlon will be responsible for the installation of 16 wind turbine generators (WTGs), each equipped with a Hybrid Lattice Tubular (HLT) tower. These WTGs are part of Suzlon’s latest product range, boasting an impressive 3.15 MW rated capacity.

The project site is situated in the Dwarka district of Gujarat and is scheduled for commissioning in 2025.

This achievement marks the continuation of Suzlon’s successful partnership with Juniper Green Energy, underscoring the trust placed in Suzlon’s largest turbine in the 3 MW series, the S144-140m.

The agreement entails Suzlon’s comprehensive involvement in the project, including the supply of wind turbine equipment and the execution of the project, encompassing erection and commissioning. Additionally, Suzlon will extend post-commissioning operations and maintenance services.

Suzlon Group’s Chief Executive Officer, JP Chalasani, expressed his delight regarding the partnership, stating, “We are thrilled to announce our second order with Juniper Green Energy Private Limited in a short span of time for our 3 MW series. Juniper Green Energy is a dedicated independent power producer (IPP) in the renewable energy sector in India, actively engaged in wind, solar, and hybrid power projects. We are honored to have been chosen as their partner for their wind energy project.”

Chalasani further emphasized Suzlon’s commitment to serving its customers and the nation with their proven technology, extensive experience, and exemplary service record in India. He eagerly anticipates the continuation of this partnership, fostering a greener future for India.

About Suzlon Energy:

Suzlon Energy Limited, commonly known as Suzlon, is a prominent Indian multinational company specializing in the production of wind turbines. Established in 1995, Suzlon holds a prominent position in the Indian wind energy sector, which ranks as the world’s fifth-largest market for wind power. Suzlon maintains a widespread global footprint, with operations spanning across five continents and a workforce exceeding 13,000 individuals in 14 different countries.

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