Suzlon Energy Ltd has announced a major expansion of its partnership with NTPC Green Energy Ltd (NGEL), consolidating its total project capacity with the public sector unit to 1,544 megawatts (MW). The latest order, comprising 378 MW, strengthens what is now the company’s largest partnership in the PSU segment to date.
In a regulatory filing on Wednesday, Suzlon stated that this latest order win affirms its market leadership and strategic role in enabling India’s transition to large-scale, sustainable wind energy solutions.
Under the new contract, Suzlon will supply 120 units of its S144 Wind Turbine Generators, each with a capacity of 3.15 MW, featuring Hybrid Lattice Towers (HLT). The company will also handle the foundation, erection, and commissioning of the turbines, alongside long-term operations and maintenance.
Supporting India’s 2032 Renewable Vision
NTPC Green Energy has set a target to reach 60 GW of renewable energy capacity by 2032, and this partnership with Suzlon represents a significant step in that roadmap. The projects will contribute to high-quality and cost-effective renewable energy delivery, particularly as NGEL continues to scale across multiple states.
“As NGEL aims to expand its renewable energy portfolio to 60 GW by 2032, this partnership lays a crucial foundation for showcasing the key role of wind in powering India’s largest PSU’s renewable journey,” said Girish Tanti, Vice Chairman, Suzlon Group. “Our shared commitment to advancing India’s leadership in the global clean energy movement continues.”
The new 378 MW project builds on earlier collaborations, with prior wind projects implemented in Gujarat and Karnataka.
Strategic Growth Through PSU Projects
Commenting on the development, JP Chalasani, CEO of Suzlon Group, highlighted the strategic importance of working with PSUs: “Securing major and high‐quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach.”
The order win comes on the heels of Suzlon’s strong Q3 FY2024 performance. The company posted a net profit of ₹387 crore, nearly double that of the same quarter last year, while revenues jumped 91% year-on-year to ₹2,968.8 crore.
