Suzlon receives order for a 39-MW wind energy project

Suzlon Energy Limited announced that it has been awarded a 39-MW wind power project from Thermax Group subsidiary First Energy. This order is part of First Energy 5 Private Limited’s 100-MW wind-solar hybrid project.Suzlon plans to deploy 13 wind turbine generators each with a hybrid lattice tubular tower and a rated capacity of 3 MW.

The project will be built near Thalaikattupuram, Tuticorin, Tamil Nadu, and is scheduled to be completed in 2024. Also,Suzlon will deliver the wind turbines (equipment supply) and monitor the project, including erection and commissioning, as part of the deal and will also provide post-commissioning operations and maintenance services.

In October 2022, Suzlon Energy Limited opened its rights issue on October 11, 2022 to raise up to Rs 12 billion. The entitlement ratio for the rights issue is 5:21 which means five shares for every twenty-one equity shares held by eligible shareholders of the company, as on the record date of October 4, 2022.