The latest development comes after Suzlon secured a 302.4 MW wind power project order from JSP Green Wind 1 Pvt. Ltd, a subsidiary of Jindal Renewables, in the Koppal region of Karnataka. The project is aimed at accelerating India’s green steel production.
Suzlon Energy now has the largest ever Commercial and Industrial (C&I) order from a single customer, as it secured a 400 MW captive wind power project from Jindal Renewables in the same region of Karnataka last month.
C&I customers now account for 56% of Suzlon’s overall order book, which is now at an all-time high of 5.4 GW.
As per the agreement, Suzlon will supply 96 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice (HLT) towers, each of which will have a capacity of 3.15 MW.
The energy generated through this will be utilised for captive consumption in steel plants located in Chhattisgarh and Odisha, enhancing the company’s operational sustainability.”This collaboration will propel our joint green steel mission forward, while significantly contributing to India’s ambitious renewable energy target of 50% electricity from nonβfossil fuels by 2030,” Girish Tanti, Vice Chairman of the Suzlon Group said.Also Read: Reliance Power shares rally 5% after SECI withdraws debarment notice
Bharat Saxena, president of Jindal Renewables, said the company is committed to integrating green energy into steelmaking as part of its goal to achieve net-zero carbon emissions by 2047.
Jindal Renewables is working on nearly 3 GW of renewable energy projects in India, with power off-take agreements already in place. The company plans to expand to around 12 Gw by 2030, including energy storage and green hydrogen production, aiming to be one of the countryβs key players in decarbonisation, according to the statement.
“Decarbonisation of the steel sector is a critical area that requires intervention if we want to realise Indiaβs renewable energy targets,β said J P Chalasani, chief executive officer, Suzlon Group, βI am confident that this partnership will inspire many industry players to reassess their operations, as we collectively work toward a more sustainable future.”
At 11:25 am, the scrip was trading 2.8% higher at Rs 67.24 on BSE. Its shares have surged 76% in 2024 to date and 616% over the past two years, with the company currently holding a market capitalisation of Rs 91,798 crore.
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