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Suzlon bags $400 million orders in last one month

Acoording to reports, wind turbine maker Suzlon has bagged contracts worth over $400 million from three countries, including Brazil and the US, in the past one month.

The company bagged 80-MW worth of orders in India and a total of 189-MW worth of orders in Brazil and the US over a one-month period, excluding orders announced separately, Suzlon said in a statement today.

The firm orders secured between December 22, 2011, and January 23, 2012, from international special purpose companies, PSUs, large corporates and SMEs, are valued at approximately $403 million or Rs 2,000 crore, the statement said.

The order size ranges from as small as 0.6 MW to 121 MW.

“These orders reiterate not only the dynamic and rapidly growing Indian wind sector, but also Suzlon’s presence in emerging economies and competitive markets such as Brazil and the US,” Suzlon Group Founder, Chairman and Managing Director, Mr Tulsi Tanti, said, adding that Brazil is an important market for the company under its focus on emerging economies.

Suzlon Energy Ltd (SEL), India’s largest wind turbine manufacturer, has announced that it will develop a wind capacity in Andhra Pradesh totalling 3,000 MW between 2012 and 2016. The company’s initiative would attract an investment of Rs 18,000 crore in the state.

The company had also signed a memorandum of understanding (MoU) with the State Government in this regard earlier this month.

Under the MoU, the Andhra Pradesh Government will facilitate the acquisition of necessary permissions, registrations, approvals and clearances for the development of wind farms by Suzlon.

The company, in turn, will play the role of a developer and facilitate the channelisation of investments into the state through its customers investing in wind energy.

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