Renewable energy solutions provider Suzlon Group has secured a 1,166 MW order from NTPC Green Energy to install 370 wind turbine generators of the S144 model, each with a rated capacity of 3.15 MW.

These turbines will be deployed across two NTPC Renewable Energy projects and one Indian Oil NTPC Green Energy project in Gujarat. The turbines will feature a hybrid lattice tubular tower design.

The electricity generated will power over three million households.

This win takes Suzlon’s cumulative order book close to 5 GW as of September 3, 2024.

“We are delighted to partner with NTPC Green Energy, the renewables arm of India’s largest utility, NTPC, in our capacity as the nation’s premier Wind Energy OEM. This landmark collaboration reaffirms our commitment to accelerating India’s renewable energy transition. Notably, this marks our first direct wind energy order from NTPC Green Energy, signaling Suzlon’s triumphant return to the PSU customer segment,” said Girish Tanti, Vice Chairman of Suzlon Group.

As part of the agreement, Suzlon will provide the wind turbines, manage the project’s execution—including erection and commissioning—and offer operations and maintenance services once the project is operational.

Suzlon Energy recently acquired a 76% stake in Renom Energy Services, a multi-brand renewable energy operations and maintenance service company. The acquisition will be completed in two tranches, with Suzlon initially acquiring a 51% stake for ₹4 billion (~$47.6 million), followed by an additional 25% stake within 18 months for ₹2.6 billion (~$30.9 million).

Suzlon recorded net revenue of ₹20.16 billion (~$241.02 million) during the first quarter of the financial year 2025, a year-over-year increase of 50% compared to ₹13.48 billion (~$161.16 million).

Last October, Suzlon announced raising ₹12 billion (~$146.4 million) through a rights issue of 2.4 billion partly paid-up equity shares.