Suzlon Energy rises 4% on repeat order for 193.2 MW wind power project

This project will be a part of the Wind-Solar Hybrid and STU’s (State Transmission Utility) tariff-based project for increasing Renewable Energy contribution in the state of Gujarat.

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Shares of Suzlon Energy rose over 4 percent on December 21 after the company bagged a repeat order for the development of a 193.2 MW wind power project from The KP Group.

This project will be a part of the  Wind-Solar Hybrid and STU’s (State Transmission Utility) tariff-based project for increasing Renewable Energy contribution in the state of Gujarat.

Under the order, Suzlon will supply 92 units of their S120 – 2.1 MW wind turbine generators (WTGs) with a 140 m Hybrid Lattice Tubular (HLT) tower at Vagra and Vilayat in Bharuch district of Gujarat.

At 11.19 am, shares of Suzlon Energy were trading 3.4 percent higher at Rs 36.85 on the NSE.

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Last week, the company had received another order for the development of a 100.8 MW wind power project from a global utility company.

That project was also based out of Gujarat and required Suzlon to install 32 wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 3.15 MW each, which is a part of the company’s 3 MW series.

Suzlon’s 3 MW – 3.15 MW wind turbine series had recently received approval from the government last month which paved the way for its commericialisation.

Also Read | Suzlon Energy rises 3% on order for 100.8 MW wind power project

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