Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year. Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
Suzlon Group has signed an agreement with Jindal Renewables, the renewable energy division of Jindal Group, to supply wind turbine generators (WTGs) totalling 400 MW. The order, placed by JSP Green Wind 1 Pvt Ltd, a special purpose vehicle (SPV) of Jindal Renewables Power Pvt Ltd, raises Suzlon’s total order book to nearly 5.4 GW. Suzlon will deliver 127 WTGs, each with a capacity of 3.15 MW, featuring hybrid lattice tubular (HLT) towers. These turbines…
Renewable energy provider Suzlon has won a 1,166 MW order from NTPC Green Energy to supply and install 370 wind turbine generators (WTGs) in Gujarat. This includes two NTPC Renewable Energy projects and one project by IndianOil NTPC Green Energy, equipped with S144 WTGs and a hybrid lattice tubular tower. Each turbine has a rated capacity of 3.15 MW. Suzlon will handle the equipment supply, project execution, and operations and maintenance services post-commissioning. This order…
Suzlon Energy has acquired a 76% stake in Renom Energy Services, India’s largest multi-brand renewable energy operations and maintenance (O&M) firm, from the Sanjay Ghodawat Group (SGG). This acquisition is expected to enhance Suzlon’s market presence and facilitate its entry into new markets. Despite the acquisition, Renom will continue to operate independently under its board management. Renom’s portfolio includes 1,782 MW of wind, 148 MW of solar, and 572 MW of balance of plant (BoP)…
Suzlon Energy Ltd board has approved the acquisition of 22,80,000 equity shares, representing 76% of Renom Energy Services Private Ltd’s equity share capital, in multiple tranches. The acquisition, valued at Rs 6.6 billion, will make Renom Energy Services a subsidiary of Suzlon Energy. The initial acquisition of a 51% stake (15,30,000 equity shares) will be completed within three months for Rs 4 billion, subject to closing conditions outlined in the sale and purchase agreement (SPA)….
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NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have established a joint venture (JV) to develop 25 GW of renewable energy projects and 1 million metric tonnes per annum (MMTPA) of green hydrogen and its derivatives in Rajasthan. The Chief Minister of Rajasthan recently dedicated 160 MW of a 320 MW solar power project in Bhainsara to the nation. In September 2024, NGEL awarded Suzlon Group a 1,166 MW wind…
News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…
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