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Suzlon’s wind farm commissioned in Uruguay

According to reports, wind turbine maker Suzlon today said its wind farm in Uruguay was commissioned by the Presidents of Brazil and Uruguay. “Suzlon’s Wind Energy Farm in Uruguay was inaugurated by President of Brazil Dilma Rousseff and President of Uruguay, Jose Mujica,” the company said in statement. It said that the farm is the first of its kind joint venture between Brazil and Uruguay to harness wind energy. Suzlon is responsible for complete Engineering, Procurement and Construction (EPC) and ... Read More »

Greenko adds 154 MW wind capacity in first nine months

According to reports, renewable energy project developer Greenko has increased the power generation capacity by 46 per cent in the nine month period ended December 31, with 1,565 MW up from 1,072 MW. The company’s installed wind power capacity increased by 154 MW to 715 MW. Greenko has stated it remains on track for its operational portfolio to exceed 1,000 MW this year, with all projects currently under construction being fully financed within budget. Greenko has changed its financial year from December ... Read More »

Mytrah Energy secures Rs. 853-cr loan for 150MW wind projects

According to reports, independent power producer (IPP) focussing on wind energy projects, Mytrah Energy Ltd has signed an Rs. 852.78 crore ($137.50 million) long-term loan agreement with a leading Indian financial institution. The loan will be used as long-term project finance debt in building 150MW of wind power, which is now fully financed and expected to be on stream in the next 12 months, ahead of the country’s 2016 wind season. With the company’s current capacity at 543MW, this project ... Read More »

Mytrah Signs 220MW Wind Power Agreement with Govt. of Andhra Pradesh

Mytrah Energy Ltd, has bagged a 220MW wind power project from the Govt. of Andhra Pradesh on Sunday. The project will be installed in Kurnool district and is expected to be commissioned in 18 months. The deal was signed at RE-Invest – India’s first renewable energy global investors meet in step with the Modi government’s “Make in India” initiative. “We are excited to sign the MoU with the Andhra Pradesh government and contribute to the larger energy requirements of the ... Read More »

Suzlon surges 7% on buzz of fin security from Shanghvi family

According to reports, shares of Suzlon Energy today surged over 7 per cent amid reports that Sun Pharma’s Dilip Shanghvi will provide as much as Rs 3,800 crore of security that will help the wind turbine maker in availing credits. Following the buzz, shares of Suzlon jumped 7.32 per cent to Rs 27.10 on the BSE. On the NSE, it climbed 7.32 per cent to Rs 27.10. Dilip Shanghvi is the founder and managing director of Sun Pharmaceuticals. As per ... Read More »

Suzlon Energy completes 350 MW wind turbine deal in Brazil

According to reports, wind turbine maker Suzlon Energy Ltd on Tuesday said that it had completed installing and commissioning 350 MW of wind energy in Brazil over a period of 16 months ended November 2014 with bulk of 309 MW being added in calendar year 2014. This combined capacity includes projects located in the high wind states of Rio Grande do Norte and Ceara in Brazil. As a rule of thumb, a wind turbine costs Rs.6 crore to Rs.6.5 crore ... Read More »

Shanghvi Family to Give Up to $610 Million Security for Suzlon

According to reports, Indian billionaire Dilip Shanghvi will provide as much as 38 billion rupees ($610 million) of security for Suzlon Energy Ltd. to help Asia’s second-largest maker of wind turbines fill orders and return to profit. The security from the Shanghvi family will make it easier for Suzlon to obtain more bank guarantees and letters of credit to ramp up its business, Sudhir Valia, executive director at the billionaire’s Sun Pharmaceutical Industries Ltd., said in a Feb. 23 phone ... Read More »

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