According to reports, Suzlon Energy, the world’s fifth and India’s largest wind turbine maker, has been winning huge orders from leading independent power producers (IPPs) in the first quarter of FY16.
The Pune-based company has received orders valued at Rs 1,946 crore in the first quarter till date to supply equipment for generating 278MW of electricity.
As per the industry thumb rule, the cost of each megawatt of power derived from a wind turbine is around Rs 7 crore and various projects totalling 278 MW wind power projects would generate about Rs 1, 946 crore in revenues.
Last week, Suzlon Group won an order for 90.30 MW turnkey project from its existing customer, ReNew Power. Suzlon will install its S97 90m WTGs (wind turbine generators) with rated capacity of 2.1MW at Ellutla site in Ananthpur district in Andhra Pradesh.
This project will be jointly developed by ReNew Power and Suzlon, where the latter will act as the turnkey EPC partner. It is expected to provide electricity to 56,000 households and help check 0.195 million tonnes of CO2 emissions annually.
The order of 90.30 megawatt from ReNew Power in Andhra Pradesh is the fourth repeat order from ReNew and the second order in the Q1FY16, the company said in a filing to the BSE.
Suzlon has commissioned 98.70 MW for ReNew Power and at present it is executing 100.80 MW project in Rajasthan as well as a recently-bagged 90MW project in Madhya Pradesh.