Suzlon Group, the world’s third leading wind power company, announced a memorandum of understanding (MoU) with the Government of Gujarat to develop 1,000 megawatt (MW) of new wind power capacity in the state over the next three years a few days back. A couple of weeks ago has signed an agreement with Hindustan Zinc Limited, a Vedanta Group company and the world’s largest producer of zinc, to set up, operate and maintain 150 megawatt (MW) of wind power projects across the states of Karnataka, Maharashtra, Rajasthan and Tamil Nadu.
It seems like Suzlon is continuing its good run with the announcement that Suzlon Wind Energy Corporation, based in Chicago, IL -subsidiary of Suzlon Energy Limited of Pune, India has formally closed its joint venture agreement with Affinity Wind, LLC, a St. Louis based wind energy development company.
Through the joint venture entity, which is called Surity Wind, LLC, Suzlon will co-develop with Affinity Wind its 150 MW project located in Illinois, as well as similar joint development of future Affinity Wind projects. Suzlon will supply turbines to this first project. Utilizing the latest Jobs and Economic Development Impact (JEDI) model available from the National Renewable Energy Laboratory, the 150 MW Illinois project will have over $44 million of local spending during construction, plus another $3 million annually once operational.
Trey Goede, Chief Executive Officer of Affinity Wind, stated, “We are excited to close on our joint venture with this world class turbine manufacturer. We look forward to making this relationship a long-term ‘win’ for both partners, and anticipate first of many we successfully develop together.”
Jeff Sanders, CFO of Affinity Wind, added, “Creating this joint venture represents a critical milestone for Affinity and Suzlon’s commitment of resources and expert project, including the commercial operation of its initial phase in 2011.”
“Suzlon is thrilled with the progress we are making alongside Affinity and continuing our partnership for a successful implementation of the Illinios wind farm,” said Andris Cukurs, CEO of Suzlon Wind Energy Corporation.
The project is to be built in two phases, with the first phase generating about 36 megawatts of wind energy by the end of this year and the second phase producing 114 megawatts next year.