Renewable energy solutions providers Suzlon Group has announced that it has won an order from CLP India to develop a 252 MW wind power project. The project is in Sidhpur, Gujarat, and is expected to be commissioned in 2022.
Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a hybrid lattice tubular tower, with a rated capacity of 2.1 MW each. The S120-140m WTGs feature the time-tested doubly fed induction generator technology that efficiently integrates wind turbines into the utility network to meet the grid requirements.
Suzlon will execute the project with a scope of supply, foundation, erection, and commissioning. The company will also provide comprehensive operation and maintenance services after commissioning the project.
CLP India had won this project in Solar Energy Corporation of India’s (SECI) auction under Tranche-VIII. SECI had tendered the capacity in June 2019 with a tariff cap of ₹2.85 (~$0.041)/kWh. The tender was undersubscribed by 1,249 MW. As a result, only 80% of the bid capacity was awarded per the tender condition. Therefore, only a capacity of 439.8 MW was awarded. The other bidder Avikaran Energy (Enel) quoted a tariff of ₹2.84 (~$0.0396)/kWh to develop a capacity of 300 MW but was only awarded 189 MW.
Formed in 2002, CLP India has a diversified portfolio of over 3 GW renewable energy generation capacity, including wind and solar energy projects across seven states along with transmission assets.
Suzlon registered a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its wind turbine generator business after debt restructuring. The company’s net revenue stood at ₹9.38 billion (~$128.7 million) in Q3 2021 from ₹6.54 billion (~$89.7 million) during the same time the year before.
Suzlon Group has a cumulative global installation of over 18.8 GW of wind energy capacity. Over 12.8 GW of the group’s installation is in India, which makes up 34% of the country’s wind installations. The group has 1 GW of wind assets under service outside India.
Suzlon also informed the Bombay Stock Exchange (BSE) that it had completed the formalities for termination 500 MW order with Torrent Power. Suzlon’s order book has already excluded the 500 MW canceled order of Torrent Power, which was removed from the order book since Q3 FY20 on account of troubles of land, power evacuation, and other constraints.
Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.