- Suzlon Group, has announced its biggest wind energy order to date, securing a contract from NTPC Green Energy Limited.
- Tanti also highlighted that this is Suzlon’s first direct wind energy order from NGEL, marking the company’s return to the PSU customer segment.
India’s largest renewable energy solutions provider, Suzlon Group, has announced its biggest wind energy order to date, securing a contract from NTPC Green Energy Limited (NGEL), the renewables arm of NTPC Limited. The order, totalling 1,166 MW, involves the installation of 370 wind turbine generators (WTGs) with a capacity of 3.15 MW each.
These turbines, equipped with Hybrid Lattice Tubular (HLT) towers, will be installed at three projects in Gujarat, including two by NTPC Renewable Energy Limited and one by IndianOil NTPC Green Energy Pvt. Ltd.
This significant win brings Suzlon’s cumulative order book close to 5 GW as of September 2024, marking a milestone in its growth trajectory. Girish Tanti, Vice Chairman of Suzlon Group, stated, “We are delighted to collaborate with NTPC Green Energy, reinforcing our commitment to accelerating India’s renewable energy transition.”
Tanti also highlighted that this is Suzlon’s first direct wind energy order from NGEL and marks the company’s return to the PSU customer segment. The project is expected to become the largest wind energy initiative undertaken by a public sector unit in Gujarat and will contribute to India’s energy self-sufficiency. NGEL aims to achieve 60 GW of renewable energy capacity by 2032.
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Both NGEL and Suzlon are stalwarts in their domains and will play a fundamental role in enabling India’s energy transition. Achieving India’s energy transition targets hinges on participation from utilities of the scale and expertise of NGEL. While it is India’s largest wind energy order, this project is also the first of many more such transformative projects between the two in the future.”
Also, Suzlon‘s shares traded at Rs 75.35, 0.84 per cent higher than the previous trading day session. The 52-week high and low of the share are Rs 84.29 and Rs 21.70, respectively. According to the BSE analytics, the shares have given massive returns of 22.06 per cent in the last 1 year.