Suzlon to strike a 14-cr deal with AMP Solar
The Dollar Business Bureau After signing deals with Ostro Energy Pvt. Ltd and CLP India Pvt. Ltd for its solar projects, wind turbine maker Suzlon Energy is ready to sell its 49 per cent stake in its special purpose vehicle (SPV) Rudra Solarfarms Ltd to Canadian solar firm AMP Solar Group for Rs 14 crore. AMP can later go for purchasing the remaining 51 percent stake in the SPV. The Telangana State Southern Power Distribution Co Ltd will be the beneficiary of the power produced which will be sold at a tariff of Rs 5.599 per kilo-watt hour under a 25-year power purchase agreement (PPA). Suzlon will be giving maintenance (O&M) services to the 15 megawatt (MW) project for 25 years. The company is ...
Suzlon bags 50.40 MW project from a leading business house
The Dollar Business Bureau Suzlon Group, a leading renewable energy solutions provider in the world, announced on Monday that it has won an order of 50.40 MW project for wind power from a leading business house. “The project consists of 24 units of S95 90m tubular tower with a rated capacity of 2.1 MW,” Suzlon said in a press release. The project is located in the Anantapur district of Andhra Pradesh and is likely to be completed in March next year, it said. After bagging this order, the total order portfolio of the company in the current year with the business house reach to 84 MW, of which 33.60 MW was earlier announced as a part of order bagged from small and medium enterprises (SMEs). ...
Suzlon forges JV with Ostro energy for 50 MW solar project
The Dollar Business Bureau Suzlon group on Wednesday said it entered into a joint venture with Ostro Energy to develop and construct a 50 MW solar project in Telangana. According to the agreement signed between the Suzlon group and Ostro Energy on Monday, Ostro Energy shall acquire 49% stake in Prathamesh Solarfarms, a special purpose vehicle (SPV) established by Suzlon to execute this project. Ostro Energy has the option to acquire the remaining 51% stake in accordance with relevant rules and regulations. Telangana Southern Power Distribution Company will be the offtaker of this project. Suzlon will undertake project commissioning and also provide comprehensive operation and maintenance services for a period of 25 years. "The project is expected to be commissioned in financial year 2017 ...
CLP plans to acquire Suzlon project in Telangana
The Dollar Business Bureau Hong Kong based electric power generation company, CLP Group, is planning to acquire Suzlon Energy’s 100 MW solar power project in Telangana. CLP India, the wholly-owned local arm of the company is in talks with Suzlon to buy stakes in the project, said a media release. According to the company, CLP India wants to diversify its clean energy portfolio in India. It is already a leading player in wind power generation with more than 1,000 MW capacity and is also one among the biggest foreign investors in the power sector of the country. This acquisition will strengthen the Indian solar power industry and also proves that global investors are interested in the secondary market whether the opportunity is in ...
Suzlon installs 900 MW projects in India in FY16
The Dollar Business Bureau Suzlon group, a leading provider of renewable energy solutions, announced that it has done commissioning of 900 MW projects of wind energy in the financial year 2015-16. Out of which, the commissioning 520 MW is done in the fourth quarter of 2015-16. This marks 100 percent growth in installations by Suzlon, when compared to 442 MW executed in the previous fiscal year. Suzlon continues to stand ahead in Indian renewable energy market with cumulative share of 36 percent and presence in 8 states. In 2016, Telangana also made a debut in wind energy sphere through addition of 78 MW project, installed by Suzlon. Suzlon, whose Indian market share has grown by 27 percent in 2015-16 from 19 percent in the previous ...
