Suzlon Energy, India’s largest wind turbine manufacturer, has signed an agreement with Hindustan Zinc Ltd., to build and operate 150 MW of wind power projects in the Indian states Karnataka, Maharashtra, Rajasthan and Tamil Nadu.
According to a joint statement from the companies, the total value of the deal is $91m, and includes orders for Suzlon's S82-1.5MW and S88-2.1MW wind turbine models.
The projects will be completed in two phases, with the first 50 MW being put into operation by March, and the remaining 100 MW coming on line in September. Power generated by the facilities will be purchased by the respective state's distribution utilities at the prevailing feed-in tariff under a long-term power purchase agreement.
“The Vedanta Group [owner of Hindustan Zinc Ltd.] is one of India's leading industrial houses, and we are very pleased to be their partner of choice,” said Tulsi R. Tanti, Founding Chairman and managing Director of Suzlon Energy.
“This order underlines the acceptance of wind energy as a viable and profitable solution to meet the increasing appetite among large corporations for reducing their carbon footprint, and meeting energy needs in sustainable manner,” he said.