MoneyWorks4Me

Suzlon’s arm wins EUR 90 million German community wind farm projects

14 May 2013 Evaluate

Suzlon Group - subsidiary - RE power Systems SE and Burgerwindpark im Kirchspiel Medelby GmbH & Co. KG have concluded a contract over 27 wind turbines for four projects totaling approximately EUR 90 million. The turbines are scheduled for delivery over 2014. The community wind farm Medelby is situated in Northern Schleswig-Holstein near the Danish border. REpower also concluded a service contract for 15 years runtime with an option for five additional years.

REpower will deliver 13 turbines of type 3.2M114 with 123 meters hub height, eleven 3.2M114 with 93 meters hub height, two MM92 with 80 meters nub height, and one MM92 with 100 meters hub height to the project.

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.

Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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