Suzlon Energy has commissioned yet another large wind energy project in its path to recovery.
As one of India’s leading wind energy solutions providers, Suzlon Energy recently announced that it had commissioned a 100.8 MW wind energy project for CLP India. Located in the north-western state of Rajasthan, Suzlon Energy commissioned the project for CLP India, one of the leading foreign investors in the country in the wind energy sector.
The new project is part of India’s largest wind park at Jaisalmer and will have an installed capacity of 1,500 MW, of which 1,200 MW has already been commissioned.
The project includes 48 S97- 2.1 MW wind turbines installed at a hub height of 90 meters, and will provide electricity to over 50,000 homes, and curb around 0.21 million tonnes of CO2 emissions annually. Suzlon will offer operations and maintenance for 20 years through an integrated service package contract.
With this new project, the total installed wind energy capacity of CLP India stands at 874.2 MW. CLP India is the wholly owned subsidiary of CLP Holdings Ltd, which is listed on the Hong Stock Exchange. The company is one of the largest foreign investors in the Indian power sector and operates over 3 GW of power capacity across renewable energy and conventional power technologies.
Suzlon – Marching Towards Revival
Suzlon Energy has been steadily marching towards a successful revival. The company’s balance sheet had been marred with huge debt, a large portion of which remains in the books still. However, following a $290 million investment by one of the wealthiest men in India and founder of Sun Pharmaceuticals, Dilip Sanghvi, the fortunes of the company seem to have turned.
Having lost the leadership position in the Indian wind energy market to the likes of Gamesa, Suzlon looks set for a turnaround. The company is working on India’s first offshore wind energy project in Gujarat. It recently completed 2 GW of wind energy capacity installation in the western state of Maharashtra taking its total installed capacity to 8.6 GW in India.
The improved regulatory and financial environment in India is expected to help Suzlon Energy return to its golden days.