Suzlon Secures 29.4 MW Wind Power Order From BrightNight

India's largest renewable energy solutions provider Suzlon Group on Friday announced that it has secured a new order for the development of 29.4 MW from BrightNight, a global renewable power producer. Under the order, Suzlon will develop 29.4 MW of wind-installed capacity for a 100 MW co‐located wind‐solar hybrid project of BrightNight.

"Suzlon will install 14 units of their $120 - 140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each at Osmanabad in Maharashtra. The project is expected to be commissioned in phases, beginning in April 2024," according to the filing by the Suzlon.

Suzlon will execute the project with a scope of supply, installation, and commissioning. Additionally, Suzlon will also offer post‐commissioning operation and maintenance services.

Meanwhile, on Friday, the shares of Suzlon Energy closed 1.57% lower at Rs 25.09 apiece on the BSE. The stock gained 3% in 1 week. It gained 19.91 in 1 month, 84.19% in 3 months and 220.33% in 6 months, respectively. Stock gained 183.05% in 1 year, 324.58% in 2 years, 807.61% in 3 years, and 303.38% in 5 years, respectively.

JP Chalasani, Chief Executive Officer, Suzlon Group said, "We are happy to announce our first order with 'BrightNight', a global renewable energy Independent Power Producer (IPP) with a rapidly growing footprint in India. We take pride in our esteemed customers who have demonstrated their faith in our leading technology and comprehensive capabilities throughout the wind energy value chain. This order is a testament to the quality and reliability of our technology and service solutions. The power generated from this project will target the C&I customer segment, creating deeper penetration of renewable energy in India. Suzlon is committed to partnering with increasing number of Indian industries, driving them toward their net‐zero targets while powering the nation with sustainable energy."

Sajay K V, Chief Executive Officer, BrightNight ‐ India said, "At BrightNight, we share a common purpose to shape a more sustainable future by generating clean energy for our customers to help them achieve clean energy goals. Our wind‐solar hybrid and RTC solutions are how we deliver on that commitment. We are delighted to partner with Suzlon, a leading renewable energy solutions provider with reliable technology and a great track record in India. Suzlon's commitment to 'Aatmanirbhar Bharat' is reflected in their 'Made‐in‐India' products that support our projects."

BrightNight CEO Martin Hermann said on the occasion "We are building out our global portfolio, and India presents an exciting market opportunity for us to deliver our differentiated renewable offering, providing capacity and reliability through hybridized solutions. Suzlon will be a valued partner in helping us build out this best‐in‐class project for our C&I customers in India."

BrightNight is a global, independent power producer with a 38 GW portfolio. It's India operations are led by Sajay K V, CEO, and Naven Khandelwal, COO & CFO, where it is developing a large portfolio of multitech, hybrid, dispatchable renewable projects across country. It recently announced a USD 250 million partnership with ACEN, an Ayala group company, for accelerating and expanding its portfolio of projects in India. This 100 MW co‐located wind‐solar hybrid plant specially designed to meet the greening and energy savings requirements for C&I customers of Maharashtra. Wind‐solar configuration is optimized for every customer, enabling them to achieve up to 80% of greening of their overall consumption.