Suzlon Energy sells 240 MW Illinois-based wind farm to EverPower.

Suzlon Energy has sold the 240 MW Illinois-based wind farm it acquired recently from Edison Mission Energy to EverPower Wind Holdings. Suzlon had taken over the Illinois wind farm in the US to recover $208 million that was outstanding from client Edison Mission Energy, which the latter had withheld accusing the Indian wind-turbine maker of supplying defective equipment.

Suzlon did not disclose the consideration for the sale of the wind farm. The sale may have happened at 50% discount to the original price, according to industry officials.

ET