Wind Energy

Suzlon US arm bags order to supply 10 wind turbines

Wind turbine maker Suzlon Energy said its US-based arm Suzlon Wind Energy Corporation, has received order for supply of 10 wind turbines developed by Juhl Wind (Juhl) of Woodstock, Minnesota. The order has been received by Suzlon Wind Energy Corporation in the US, the Pune-based company, which is the third largest wind turbine manufacturer in the world, told the Bombay Stock Exchange in a filing.

A step-down wholly owned subsidiary of the company has bagged an order to supply 10 Suzlon S88 2.1 MW wind turbines that would generate 21 megawatt of energy for the Grant County Wind Farm, in Minnesota, USA, Suzlon said in a filing to the Bombay Stock Exchange.

Construction on the site has already begun and the wind farm is expected to be in commercial operation in the first quarter of 2010, the filing added.

Shares of Suzlon were trading at Rs 69.65 on the BSE, up 4.42 per cent from its previous close.

For the current fiscal year that end on March 2010, the company revised its full year guidance to a range of 1,900 MW to 2,100 MW.

Suzlon Energy’s order book as on 30 October 2009 stood at Rs 8,285 crore, which is 1.15 times its sales of Rs 7235.58 crore for the year ended March 2009, giving strong revenue visibility.

Suzlon Energy provides customers with total wind power solutions.

Promoters have pledged 35.76 crore shares representing 22.97% of the equity capital of the company. Total promoters shareholding in the company is 53.08% (as on September 2009).

www.suzlon.com/