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World’s fifth largest wind turbine manufacturer, Suzlon, along with China’s CGN Wind Energy Co, will jointly develop 800 MW of domestic and international projects over the next three years.
Suzlon Group has entered into a global partnership agreement with CGN Wind Energy Co, a wholly owned subsidiary of China Guangdong Nuclear Power Group.
“We at Suzlon are delighted to partner with CGNWE for the development of wind projects globally with our latest generation of turbines. The professional approach of CGNWE and its experience in developing large projects make this a symbiotic partnership,” Suzlon Chairman, Mr Tulsi Tanti, said.
CGN Wind Energy Co Ltd is one of the largest wind power developers in China with an installed capacity of around 3,000 MW.
In a statement, the company said a working team has been set up to explore the most viable projects globally, covering countries such as Brazil, South Africa, India and China.
CGN Wind Energy Chairman, Mr Chensui, said: “We are very happy to partner with Suzlon for the development of wind power projects worldwide. With Suzlon’s experience in the global market and CGNWE’s expertise in wind power, we are confident of building very successful projects to meet the renewable energy needs for these markets effectively.’’
The financial terms of the partnership were not disclosed.
Shares of Suzlon were trading at Rs 27.25, down by 0.73 per cent, on the BSE in the afternoon session.
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