The latest order, awarded under Suzlon’s newly-launched Development Company (DevCo) business model, is the fourth from TPREL and the second repeat order in less than 12 months, the company said in an exchange filing on Thursday, June 25.
The company said that the project will be executed in Andhra Pradesh’s Anantapur district, where Suzlon said its order book now stands at nearly 1 GW. It added that its installed base in the state currently stands at 1.8 GW, accounting for 28.44% of its installed capacity in South India.
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As part of the project, Suzlon will supply 127 units of its S144 wind turbine generators with a rated capacity of 3.15 MW each. The scope of work includes land acquisition, turbine supply, balance of plant (BoP), pooling substation (PSS), extra-high voltage (EHV) transmission line, commissioning, operations and maintenance services.
Girish Tanti, Vice Chairman, Suzlon Group, said the order from Tata Power marks another milestone in the company’s long-standing relationship with Tata Power.
“Over the past two decades, our partnership has evolved from individual projects to advanced hybrid and round-the-clock renewable energy solutions that support India’s energy transition. As an EPC project under the DevCo model, this order demonstrates how integrated development and execution can accelerate renewable energy deployment,” he added.
Ajay Kapur, Chief Executive Officer of Suzlon Group, said the EPC model is becoming increasingly important as renewable energy developers seek greater execution certainty.
“Suzlon’s proven end-to-end execution enables customers to de-risk projects and scale with confidence. We believe this integrated delivery model will play a critical role in accelerating India’s next phase of renewable energy growth,” he added.
Shares of the company rose from the day’s lows and were trading almost flat at ₹57.90 following the announcement on Thursday. The stock has gained more than 10% so far this year.
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