The Hindu Business Line : Suzlon bags two orders worth Rs 345 cr from Italy, Portugal

Suzlon Energy A/S, (SEAS), the Denmark-based international business headquarters of wind turbine energy manufacturer Suzlon Energy Ltd, on Wednesday announced it has bagged two orders worth Rs 345 crore for a total of 61 MW from Italy and Portugal.

The company is now all set to focus on untapped European markets such as France and Greece for potential business, the Chairman and Managing Director, Mr Tulsi R. Tanti, said adding that 40 per cent of the company's revenues would come this year from export business.

The company has signed a contract with Maestrale Green Engergy of Italy for 21 MW and has already signed on with Portugal's Tecnologias Energeticas, SA, for 39.9 MW of wind turbine capacity, for a wind farm project in the Penamacor region. The orders will be delivered from the last quarter of the current fiscal with all supplies, barring the tower, to be from India, Mr Tanti said.

"The order marks Suzlon's breakthrough into the emerging wind energy markets of Europe. Suzlon already drives technology development in centres in Belgium, Germany and Netherlands and this order marks Suzlon's emergence as a full-fledged player on the European wind energy stage," Mr Tanti said.

The global wind energy market of 11800 MW was worth $14 bn last fiscal and grew by 40 per cent in that period.

The Italian contract, meanwhile, is for an EPC contract for the 21 MW Marignano project comprising 10 units of the Suzlon S88-2.1 MW turbine. Maestrale Green Energy currently has 400 MW in its Italian pipeline and more in other European countries according to Mr Carlo Durante, CEO. Maestrale is a developer of wind farm, projects and the company is on track to have its own wind farms. The Martignano project with Suzlon is the company's first such venture and the company plans to build a portfolio of nearly 400 MW over the next five years according to Suzlon.

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