By IANS,
Mumbai : The country’s largest wind power turbine manufacturer Suzlon Energy Ltd Friday said it had signed a $1.28 billion deal for building 1,000 MW of wind power projects to be developed in India with Caparo Energy.
The project’s first 500 MW will be completed by March of 2012 and the remainder by March of the following year, Suzlon said in a regulatory statement.
The projects will utilise various Suzlon turbine models, including the S88 and the new S9X series 2.1 MW turbines, with the doubly fed induction generator technology.
“This has been a strong year for wind in the Indian power market. Building on strong, transparent policy frameworks we now have a mature, attractive market,” said Tulsi R. Tanti, founder and chairman of Suzlon Group.
“With large players like Caparo entering the market, we are also seeing large wind independent power producers in India becoming a major force,” he added.
The Suzlon stock, which rose on the news of the order to the day’s high of Rs.51.25, fell in the afternoon. It had closed Thursday at Rs.50.20.