Wind turbine maker Suzlon Energy, the fifth largest player globally, has signed a 75 megawatt repeat order for wind power project contract from an independent power producer, which would earn it total revenues of about Rs 487 crore.
The project, won in bid from the Maharashtra State Electricity Distribution Company, entails installation of 36 units of S111-140m wind turbine generators (WTGs) with a rated capacity of 2.1 MW each, said the Pune-headquartered wind power major.
As per the industry thumb rule the cost of each megawatt of power derived from a wind turbine is around Rs 6.5 crore and a total of 75 MW wind power projects would generate about Rs 487 crore in revenues. Suzlon will execute the entire project on a turnkey basis.
“We are glad to partner with the leading IPP yet again for their MSEDCL bid project,” JP Chalasani, group CEO at Suzlon Group, said.
Suzlon’s consolidated order book as on Q3 FY18 is 1,132 MW.
Significantly, in just over the last three years, the installation of renewable energy capacity in India has doubled from 32 GW to 63 GW.
Renewables, especially wind and solar, today are not only the cleaner but also more affordable energy than the coal energy.
The S111 wind turbine generator (WTG) is the latest addition to the 2.1 MW platform. With a rotor diameter of 111.8 meters and swept area of 9,852 m2, the S111-140m is designed to optimally harness wind resources at higher altitudes making low wind sites viable.