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Suzlon Group wins 50 MW order from Eoxis Group

27 Apr 2012 Evaluate

Suzlon Group, the world's fifth leading and India's largest wind turbine manufacturer has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by Platina Energy Partners. The order comprises 24 units of Suzlon's latest S97 - 2.1 MW wind turbines, featuring the Doubly-Fed Induction Generator (DFIG) technology.

The project will be set up in the state of Rajasthan and is scheduled to be commissioned by January, 2013. The company will execute the contract under its end-to-end business model.

Eoxis is an investee company of Platina Energy Partners, an independent European investment firm focusing on renewable energy. Eoxis has invested in solar projects in Europe, and also recently completed its first 15 MW solar project in Gujarat. This 50.4 MW order is the Group's first investment in the Indian wind energy sector.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

52.49 -0.81 (-1.52%)
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