Wind turbine maker Suzlon Group today said it has bagged a contract to set up a wind power project in Rajasthan from UK-based Eoxis group.
“Suzlon has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by Platina Energy Partners,” a company statement said.
The project will be set up in Rajasthan and is scheduled to be commissioned by January 2013. Suzlon will execute the contract under its end-to-end business model, it said.
Eoxis is an investee company of Platina Energy Partners, an independent European investment firm focusing on renewable energy.
It has invested in solar projects in Europe, and also recently completed its first 15 MW solar project in Gujarat.
This 50.4 MW order is the group’s first investment in the Indian wind energy sector, it added.
“We have a very strategic focus on the wind sector and, in particular, on India which is amongst the top five wind energy markets worldwide,” Mr Laurence Mulliez, CEO, Eoxis said.
“We are happy to partner with Eoxis in their maiden wind energy project in India, and look forward to building a strong long—term relationship,” said Mr Tulsi Tanti, Chairman of the Suzlon Group.
Shares of the company were trading at Rs 21.65, down 2.70 per cent on the BSE.