Suzlon Energy secures 100.8 MW Wind Order from Sunsure Energy

Renewable energy solutions firm Suzlon Energy has received a major order of 100.8 MW from Independent Power Producer (IPP) Sunsure Energy. The transaction, revealed on 17th April 2025, represents Sunsure Energy's first foray into the wind energy domain. The markets reacted positively with the shares of Suzlon Energy gained 2.46 per cent to hit the day’s high of ₹55.68 on the BSE during intra-day trade on Thursday, April 17, 2025.

Contract Scope and Project Execution

The contract involves Suzlon delivering 48 S120 wind turbine generators (WTGs) of 2.1 MW rated capacity each with Hybrid Lattice Towers (HLT). Suzlon will not just deliver the turbines but will also provide equipment installation, carry out the project including erection and commissioning, and offer full operations and maintenance services after commissioning. The project will be executed in the Jath area of Maharashtra.

Strategic Importance for Suzlon

This order is of strategic value to both the companies. To Suzlon, it reiterates its vision to speed up large corporate adoption of renewable energy via Independent Power Producers (IPPs), thereby directly enabling India's target of having 500 GW of non-fossil fuel capacity by 2030. Suzlon Group's Chief Executive Officer, Mr. JP Chalasani, reiterated the urgency of wind energy adoption by large corporations to reach this national target. He also referred to the growing awareness among IPPs of the ability of wind to provide power that is more accessible, cost-effective, and of high quality. Mr. Vivek Srivastava, India Business CEO, Suzlon Group, was keen on Sunsure Energy partnering on this first wind project and reiterating Suzlon's mission to partner with several IPPs to drive the country's renewable energy movement.

Strategic Significance for Sunsure Energy

For Sunsure Energy, this alliance with Suzlon is a significant move towards diversifying its renewables portfolio and strengthening its Round-The-Clock (RTC) renewable energy offerings. Mr. Manish Mehta, Co-Founder & Chief Commercial Officer (CCO) of Sunsure Energy, said that this foray into wind energy in Maharashtra will enable them to cover a greater portion of their customers' power usage with green energy. He also marked this project as a significant benchmark in Sunsure Energy's drive to achieve the 10 GW capacity mark in 2030.

Overview of Sunsure Energy

Sunsure Energy was established in 2014. It has now emerged as one of the choice renewable energy solution providers for Indian companies looking to switch to green power. Being one of the top Independent Power Producers (IPPs), it supports clean energy adoption through long-term Power Purchase Agreements (PPAs), with the ambition to replace as much as 70% of power consumption with a combination of solar, wind, and battery storage. With a major equity investment supported by Partners Group AG, Sunsure Energy currently has 500 MW of operating assets and 3.5 GW of renewable energy capacity in development.

Overview of Suzlon Group

Pune-headquartered Suzlon Group is a global renewable energy solutions major with around 20.9 GW of installed wind energy capacity in 17 countries. Being a vertically integrated company, Suzlon has in-house R&D facilities in different parts of the world and state-of-the-art manufacturing units in India. With 29 years of operational expertise, Suzlon is India's No. 1 Renewable Energy Solutions company with a large portfolio of renewable assets both in India and outside India.

Conclusion

This purchase is a good news for both firms as Suzlon Energy’s shares of gained 2.46 per cent to hit the day’s high of ₹55.68 on the BSE during intra-day trade and marks the growing pace in India's renewable energy market, especially the expanding interest among IPPs in integrating wind power into their energy portfolio to satisfy the needs for reliable and green power supply.

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