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Suzlon Energy, a key player in the renewable energy sector, has recently been making waves with its strategic decisions and expansion moves. The company has secured multiple orders in the last ten days, showcasing its growing presence in the market.
Recently, Suzlon Energy announced a significant order win for the development of an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited in Madhya Pradesh, India. The project will involve the installation of 26 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, each having a rated capacity of 3.15 MW. This marks the company’s continued commitment to sustainable energy solutions and its ability to deliver on large-scale projects.
According to Vivek Srivastava, Chief Executive Officer of Suzlon Group, this collaboration with Oyster Green Hybrid One Private Limited underscores Suzlon’s leading technology and comprehensive capabilities in the wind energy sector. The project aims to target the Commercial and Industrial (C&I) customer segment, furthering the adoption of renewable energy in India.
In addition to the recent order from Oyster Green Hybrid, Suzlon Group has also secured a 551.25 MW wind power project for the Aditya Birla Group, showcasing its strong market presence and expertise in the renewable energy space. The company will be installing 175 wind turbine generators with a rated capacity of 3.15 MW each in Rajasthan and Gujarat.
Apart from winning new orders, Suzlon Energy is also focusing on internal restructuring and expansion. The company’s board has approved the merger of its wholly-owned subsidiary, Suzlon Global Services, with the parent company. This merger is part of a larger plan to transfer the project business to one or more wholly-owned subsidiaries for improved operational efficiency.
Furthermore, Suzlon Energy is undertaking a capital reorganization exercise through a Scheme of Arrangement, aimed at enhancing transparency and simplifying the group structure. The company is also planning to merge its subsidiary in Mauritius with the parent company, with no significant change in the existing shareholding pattern.
Suzlon Energy’s restructuring initiatives are geared towards strengthening its balance sheet and operational efficiency, positioning the company for future growth and sustainability in the renewable energy sector. With a strong track record of delivering innovative solutions and large-scale projects, Suzlon Energy continues to be a key player in India’s transition towards clean and sustainable energy sources.
