suzlon has secured a significantly large order for its new series of 3 MW wind turbines to develop a 300 MW wind power project for Torrent Power, the company said in an exchange filing.
The company will install 100 wind turbines (WTG) with a Hybrid Lattice Tubular (HLT) tower and a nominal capacity of 3 MW each. The project is located in Karnataka and is expected to be commissioned in 2025, he added.
"Suzlon and Torrent have a longstanding partnership building several Wind power projects over the years... It is also wonderful to see India's leading corporate houses have taken on the role of driving India's renewable energy journey towards achieving our nation's net zero targets," said Girish Tanti, vice president of Suzlon Group.
Suzlon's shares rose 4.8% to Rs 9.91 apiece on the BSE. It hit an intraday high of Rs 10.20, down a couple of dollars from its 52-week high of Rs 12.19. Torrent Power shares rose 3.1% to Rs 551.30 in a rocky trading session in Mumbai.
This is the sixth and largest order for the new Suzlon 3 MW series in less than a month. As part of
agreement, Suzlon will supply the wind turbines (equipment supply), provide land and execute the
project including assembly and commissioning. Suzlon will also provide comprehensive operations and maintenance services after commissioning, the company said. Suzlon's 3 MW turbines have a rotor diameter of 144 meters and their main objective is to increase generation while reducing the cost of energy.
