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Suzlon secures 218 MW order in Brazil from Martifer Renováveis Geração de Energia e Participações

Suzlon Energia Eólica do Brasil Ltda. – subsidiary of Suzlon Energy Limited, the world’s third leading wind turbine maker – has won an order from Martifer Renováveis Geração de Energia e Participações S.A. to set up, operate and maintain a 218 MW (megawatt) project across the states of Ceará and Rio Grande do Norte, in Brazil.

The full turn-key project will comprise of 104 units of Suzlon’s S88-2.1 MW wind turbines, which can generate enough electricity to power over 160,000 Brazilian households.With this order Suzlon is the Leader in Brazilian market with 42 per cent market share.

The project is scheduled to be commissioned in phases by June, 2012 and is expected to offset over 425 tones of CO2 annually. This addition of 218 MW will enhance Suzlon’s leading presence in Brazil to a cumulative total installation of 600 MW.

Martifer is an industrial group with approximately 4,000 workers, present in 16 countries. Martifer Renewables is part of the Martifer Group, which develops and operates renewable energy projects.

With 18 plants in operation worldwide, the Company currently has a portfolio of over 4,000 MW in wind and solar projects in countries such as Portugal, USA, Germany, Brazil and Poland.

Mr. Armando Abreu, the CEO of Martifer Renováveis Brazil, said: “Suzlon is a market leader in Brazil and has immense experience of wind markets in emerging economies. We are confident that they are the right partners for us in expanding our renewable energy footprint in Brazil. We look forward to a very rewarding long term relationship for both companies.”

Commenting on the order, Mr. Arthur Lavieri, CEO Suzlon Energia Eólica do Brasil Ltda., said: “This order is a huge success for Suzlon’s operations in Brazil. This is a validation of our technology, business model and our commitment to our customers. We are very happy to be working with Martifer Renováveis, a company dedicated to producing clean and green energy. We are certain that this project marks the beginning of a mutually rewarding relationship.”

Mr. Tulsi R Tanti, the founder, Chairman and Managing Director of Suzlon Group said: “At Suzlon we are very focused on emerging economies, like Brazil, with their centralrole in the overall growth of the wind sector – this order is clear evidence of the strategy beginning to deliver. Brazil is deeply committed to powering its rapid economic growth on green energy. We are glad to bring to the country our vast experience and play a major role in defining its wind market.

“Brazil has very ambitious targets of reducing carbon emissions by nearly 40 per cent by 2020, and wind is clearly going to contribute significantly in achieving the same. It is forecasted that there will be 11.58 GW of installed and operational wind power by 2020. Suzlon will continue to deliver quality services in Brazil and are confident of maintaining our leadership in its wind energy market. With the trust of renowned companies like Martifer, we are poised to make the most of Brazil’s wind potential.”

Suzlon seems to continue unabated with orders, as Suzlon Group REpower just concluded a 300MW first contract under a 954 MW framework agreement with Saint-Laurent Énergies. A couple of days ago they announced a joint venture with St. Louis based Affinity Wind to develop 150MW projects in Illinois.

Just a couple of days before that 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 Suzlon had 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.

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