Suzlon’s New Turbines to Supply Record $1.2 Billion Caparo Energy Order

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  • Posted on April 7, 2011


    Suzlon Energy Ltd. (SUEL), India’s largest wind-turbine maker, will supply its newest 2-megawatt turbines to fulfill a record $1.2 billion order from U.K.-based Caparo Energy Ltd.

    Suzlon plans to begin producing the S95 turbine by the fiscal second quarter followed by the S97 in the financial year ending April 1, 2012, Chairman Tulsi Tanti said at a launch event of the new series today in Chennai.

    Indian farms are installing larger, more efficient turbines of 2-megawatt capacity or greater as the number of sites experiencing high wind speeds dwindle in the world’s fifth- largest wind market. Germany’s Siemens AG (SIE) and Spain’s Gamesa Corporacion Tecnologica SA also plan to manufacture and sell 2- megawatt turbines in India.

    The wind sector’s “center of gravity is shifting to emerging markets” such as India, Brazil and South Africa, which require special turbines for sites with lower wind speeds, Tanti said. The latest turbines have been designed with bigger rotor diameters for those markets, he said.

    They’ll be used at wind farms for Caparo, including in the first 500 megawatts to be completed by next March, Lancy Tauro, a Suzlon deputy general manager, said today in an interview. Caparo placed a 1,000-megawatt order, Suzlon’s largest to date, in January for new wind farms in Rajasthan, Gujarat and Maharashtra states.

    Kolkata-based Techno Electric Group has also agreed to buy the new turbines for a 202-megawatt facility in Tamil Nadu state, Ravindra Utgikar, Suzlon’s central marketing head, said in an interview. The first 101 megawatts of that project is scheduled to be completed by June and the remainder by December.

    Last year, installations of 2-megawatt or greater turbines outstripped those of less than 1-megawatt capacity for the first time in India, according to Bloomberg New Energy Finance.

    To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

    To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

    Bloomberg/AC



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