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JSP Green Wind 1 Pvt. Ltd., the subsidiary of Jindal Renewables awarded a 302.4 MW wind power project to Suzlon Energy in the Koppal region of Karnataka, in order to accelerate the country’s green steel production.
Suzlon Energy now has the largest ever Commercial and Industrial (C&I) order from a single customer, as it had secured a 400 MW captive wind power project from Jindal Renewables in the same region of Karnataka last month.
Commercial and Industrial (C&I) customers now account for 56% of Suzlon’s overall order book, which is now at an all-time high of 5.4 GW.
As per the agreement, Suzlon will supply 96 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) towers, each of which will have a capacity of 3.15 MW.
The energy generated through this will be utilised for captive consumption in steel plants located in Chhattisgarh and Odisha, enhancing the company’s operational sustainability.
“This collaboration will propel our joint green steel mission forward, while significantly contributing to India’s ambitious renewable energy target of 50% electricity from non‐fossil fuels by 2030,” Girish Tanti, Vice Chairman of the Suzlon Group said.
Jindal Renewables President Bharat Saxena said that there will be many more such initiatives going forward as it adapts further to renewable energy solutions.
In an interaction with CNBC-TV18 on November 21, Suzlon Group CEO JP Chalasani said that the current order book for the company will be executed in the next 18 to 24 months. He had said that even as the wind turbine business may be cyclical, it will continue to grow the services business as well.
Shares of Suzlon Energy have surged to the day’s high post this announcement, currently trading with gains of 2.4% at ₹67. The stock is up 74% so far in 2024.
