Suzlon bags 201.6 MW wind order from Waaree Group for Andhra Pradesh project

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AI summary

Suzlon secured a 201.6 MW wind energy order from Waaree Forever Energies (WFEPL), the IPP arm of Waaree Group, to be executed in Andhra Pradesh. Suzlon will supply 64 units of its S144 wind turbine generators at 3.15 MW each and provide full EPC services including land acquisition, turbine supply, Balance of Plant, commissioning, and lifetime operations and maintenance. This is Suzlon's second consecutive DevCo-led EPC order within a week. Suzlon's orderbook in Andhra Pradesh now stands close to 1 GW.

Likely market impact

Positive for Suzlon - strengthens order book and signals rising demand for its integrated DevCo EPC model in the renewable energy space.