Suzlon Energy's Shares Rise 1.79% on Securing 100.8 MW Wind Power Project Order

In a noteworthy development, Suzlon Energy Ltd. witnessed a 1.79% surge in its shares following the company's successful bid for a significant 100.8 MW wind power project. The order was secured from a prominent global utility, marking a crucial step in Suzlon's commitment to sustainable energy solutions.

The wind power project is slated for implementation in Gujarat and entails the installation of 32 wind turbine generators, each boasting a rated capacity of 3.15 MW. Suzlon is set to play a pivotal role in the project, overseeing supply, supervision, commissioning, as well as post-commissioning operation and maintenance services.

Anticipated to become a beacon of clean and renewable power in Gujarat, the initiative aligns with India's ambitious carbon neutrality goals. The project is expected to cater to the electricity needs of around 77 thousand households while concurrently contributing to an annual reduction of approximately 3.02 lakh tonnes of CO2 emissions.

Expressing enthusiasm about this milestone, JP Chalasani, Chief Executive Officer of Suzlon Group, remarked, "We are delighted to announce our first order with the leading global utility backed by an established global track record in renewable energy. Together with our customers and our valued partners, we will continue to push the boundaries of what is possible and drive meaningful progress towards a cleaner, greener, and more prosperous tomorrow for all."

Suzlon's strategic move underscores its commitment to advancing sustainable energy solutions and marks a significant stride towards a more environmentally conscious and prosperous future. The company's shares responded positively to this green energy initiative, reflecting investor confidence in Suzlon's expanding role in the renewable energy landscape.

HBL