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Suzlon shares rally on sale of Big Sky Wind Farm to EverPower Wind

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Shares in Suzlon rallied six per cent after the wind turbine manufacturer announced a strategic sale of the 240 MW Big Sky Wind Farm in Illinois to EverPower Wind Holdings, Inc.

Suzlon Group had recently acquired the Big Sky wind farm from Edison Mission Energy via their fully owned US-based subsidiary Suzlon Wind Energy Corp (SWECO).

This acquisition of Big Sky by EverPower makes it the nation's 18th largest wind generator, with a combined capacity of 752MW in the US in winder power generation.

 

"We are very pleased to welcome EverPower to the Suzlon family of customers," said Duncan Koerbel, CEO of Suzlon Wind Energy Corporation and CTO of the Suzlon Group. "The SWECO OMS team looks forward to partnering with EverPower to maintain the high standards of availability and reliability at Big Sky that we have seen since operations started at Big Sky four years ago."

Completed in early 2011, the Big Sky Project utilizes 114 Suzlon 2.1MW S88 turbines to generate enough electricity per annum for nearly 50,000 homes while also offsetting over 225,000 tons of CO2 emissions.

GoodReturns.in

Read more about: suzlon
Story first published: Wednesday, April 9, 2014, 12:32 [IST]
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