NTPC Green Energy and Suzlon sign deal for India's largest 1,166 MW wind power project
NTPC Green Energy's wind energy project represents a significant step forward in India's push towards clean energy. The installation of 370 Suzlon S144 WTGs, equipped with Hybrid Lattice Tubular (HLT) towers, will be spread across two NTPC Renewable Energy Limited (a subsidiary of NGEL) projects and one IndianOil NTPC Green Energy Pvt. Ltd. project in Gujarat.
NTPC Green Energy Limited (NGEL) has partnered with Suzlon Group, for the nation's largest wind energy order to date, totaling 1,166 MW.
According to Suzlon Energy Ltd., this project will feature the installation of 370 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW, across three sites in Gujarat.
The electricity generated from the project is expected to power approximately 3 million households. This project is the first of its kind to be undertaken by a public sector unit (PSU) and will significantly enhance NGEL's wind energy portfolio.
NTPC Green Energy's wind energy project represents a significant step forward in India's push towards clean energy. The installation of 370 Suzlon S144 WTGs, equipped with Hybrid Lattice Tubular (HLT) towers, will be spread across two NTPC Renewable Energy Limited (a subsidiary of NGEL) projects and one IndianOil NTPC Green Energy Pvt. Ltd. project in Gujarat.
Once completed, this wind energy initiative will not only position Gujarat as a leader in renewable energy but also set a benchmark for future PSU-led renewable projects.
Girish Tanti, Vice Chairman, Suzlon Group, said, "We are delighted to partner with NTPC Green Energy Limited, the renewables arm of India's largest utility, NTPC Limited, in our capacity as the nation's premier wind energy OEM. This landmark collaboration reaffirms our commitment to accelerating India's renewable energy transition. Notably, this marks our first direct wind energy order from NGEL, signalling Suzlon's triumphant return to the PSU customer segment."
He added, "This project will emerge as the largest wind energy initiative by a PSU in Gujarat, cementing the state's leadership in renewable energy. Upon completion, it will set a new benchmark for future projects, substantially contributing to India's energy self-sufficiency, economic prosperity, and NGEL's ambitious target of adding 60 GW renewable energy capacity by 2032."
The NTPC-Suzlon partnership is seen as a crucial component of NGEL's ambitious target to add 60 GW of renewable energy capacity by 2032.
JP Chalasani, Chief Executive Officer, Suzlon Group, said, "Both NGEL and Suzlon are stalwarts in their domains and will play a fundamental role in enabling India's energy transition. Achieving India's energy transition targets hinges on participation from utilities of the scale and expertise of NGEL. While it is India's largest wind energy order, this project is also the first of many more such transformative projects between the two in the future."
He further said, "We are committed to delivering this project with exceptional quality and India's largest wind energy order (1,166 MW) to install 370 S144 WTGs with a rated capacity of 3.15 MW each. The project is to be executed across 3 sites in Gujarat. Electricity generated will power ~3 million households."
This will be the first of its kind of project in India to be undertaken by any PSU and will significantly increase NGEL's wind portfolio within the stipulated timelines. This strategic collaboration, featuring our flagship product - the S144,3.15 MW wind turbine, is set to become a landmark case study in the sector, showcasing the success of the 'Make in India' initiative by advancing local manufacturing and sustainable energy solutions."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
01:05 PM IST