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Suzlon signs 300 MW wind farm agreement with ReNew Power

Suzlon Group, the world`s fifth leading and India`s largest wind turbine manufacturer, has signed an equipment sale deal with ReNew Power Ventures (ReNew Power), for wind energy projects of 300 MW to be developed across India.

Suzlon will supply, supervise, operate and maintain the projects, while ReNew Power will act as a developer. ReNew Power is one of India`s leading IPP players and aims to play a vital role in meeting India`s growing energy needs.

Speaking on the order, Tulsi Tanti, chairman – Suzlon Group said, “We are pleased to receive this repeat order from ReNew Power, and look forward to partnering with the company in its ambitious plans for the wind energy sector in India.“

“The IPP segment is set to form an increasingly large part of the Indian wind market, itself set for record growth, and Suzlon is ideally positioned to partner this segment.“

One comment

  1. Sounds good if Suzlon is able to meet the working capital demands considering the financial situation they are in now…

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