Suzlon Energy bags order for 14 wind turbines; stock stays in the red

Shares of Sulzon Energy recovered marginally in Friday's session after the wind turbine maker said it has bagged an order for the development of a 29.4 MW of wind installed capacity for 100 MW co‐located wind‐solar  hybrid  project  of  BrightNight. The largest domestic renewable energy solutions provider said it would install  14  units  of  S120 – 140m  wind  turbine  generators  (WTGs)  with  a  Hybrid  Lattice  Tubular  (HLT)  tower  and  a  rated  capacity of 2.1 MW each at Osmanabad in Maharashtra.

The stock was unfazed. It traded at Rs 25.31 apiece on BSE, down 0.71 per cent. The scrip is up 21 per cent in the last one month and 136 per cent year-to-date

Sulzon Energy said the project is expected to be commissioned in  phases, beginning in April 2024. The company will execute  the  project  with  a  scope  of  supply,  installation,  and  commissioning.  In addition to this, Suzlon Energy would also offer post‐commissioning operation and maintenance services. 

Suzlon Group's Chief Executive Officer  JP Chalasani  said, “The power generated  from this project will target the C&I customer segment, creating deeper penetration of renewable energy  in  India.  Suzlon  is  committed  to  partnering  with  increasing  number  of  Indian  industries,  driving  them

toward their net‐zero targets while powering the nation with sustainable energy.”

Suzlon said each of its turbines has over 80‐90 per cent of domestic content and is manufactured in the country through  a domestic value chain.  Suzlon said its turbines feature the time‐tested Doubly Fed Induction Generator (DFIG) technology that efficiently  integrates wind turbines into the utility network to meet the grid requirements.

BrightNight Chief Executive Officer Sajay K V said: “We  are  delighted  to  partner  with  Suzlon,  a  leading  renewable  energy  solutions  provider  with  reliable  technology and a great track record in India. Suzlon’s commitment to ‘Aatmanirbhar Bharat’ is reflected  in their ‘Made‐in‐India’ products that support our projects.”

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