Companies

Suzlon acquires wind park from US’ Edison Mission Energy

| Updated on: Apr 02, 2014

Following the buy, Big Sky will become Suzlon’s largest wind park in the US

Suzlon Group has acquired Big Sky wind park from US-based Edison Mission Energy (EME) for an undisclosed amount.

The Pune-based group has acquired the park through its wholly-owned US subsidiary Suzlon Wind Energy Corp (SWECO).

Top performer The wind park, situated in Illinois, consists of 114 S88 turbines. Following this acquisition, Big Sky will become Suzlon’s biggest wind park in the US and one of the best performing installations in the country, Suzlon said in a regulatory filing.

“We are very pleased to have worked with our long-time customer EME on this transaction. Our relationship with EME dates back to the earliest days of Suzlon doing business with the US and we are pleased to have been their partner,” said Duncan Koerbel, Chief Executive Officer at SWECO.

EME is engaged in power generation, while SWECO is a manufacturer of customised industrial separation equipment, has 13 screen and separator manufacturing facilities and over 100 screen and separator service offices surrounding the globe.

In February, Suzlon had decided to write off the receivables from Big Sky, which was formerly owned by Edison Mission Group.

Shares up In October, NRG Energy agreed to buy certain assets of bankrupt Edison Mission.

Shares in Suzlon closed up 0.18 per cent at Rs 11.35 on Wednesday on strong BSE, which closed up 0.47 per cent.

Published on November 24, 2017

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