wind

Suzlon secures major China orders

 

Suzlon Energy has secured almost 200 MW of wind farm projects in China.

Two of the leaders in the Chinese renewables industry are responsible for the orders. One order is from Ao Lu Jia New Energy Development Ltd., this order is for 148.5 MW of wind turbines. The order includes 99 S82 units , each of which is rated for 1.5 MW and will be installed in one of three wind farms. The company is a joint venture which is partially owned by Norway's NBT AS. This order seeks to have the first deliveries in the second quarter of 2008.

The second order is for Beifang Longyuan (North Union) and will include 50 MW of wind turbine capacity. These will be delivered in the first quarter of 2009 and will consist of 40 units of the S64, 1.25 MW turbines. Beifang Longyuan is part of China’s North Union Group, which in turn is 100% owned by the Hua’neng Group, the largest power project developer in China.

China is an extremely important market for Suzlon. Growing from a low base, China’s wind energy market has set a scorching pace towards meeting its renewable energy goals, growing at 127% in 2006-07 and setting a three-year-average of 97%.* These orders demonstrate Suzlon’s strong position in the market. With our dedicated integrated manufacturing facility in Tianjin, Suzlon is poised to be a key player in this rapidly growing market,” Paulo Fernando Soares – CEO, Suzlon Energy (Tianjin) Ltd. stated, commenting on the order.

China forms one of the key growth markets for our global growth story. The country has a strong stated commitment to renewable energy, and we are fully committed to growing the market and bringing the fruits of clean, sustainable wind energy to help power greater economic development in China,” Andre Horbach – CEO, Suzlon Group stated.

Suzlon hopes to increase its sizable position in the highly lucrative , but also competitive Chinese market. The market added 3.287 MW of wind power in 2007, compared with 1,334 MW in 2006. This means that the Chinese market represents some 17% of the global market and is only second to America.

For additional information:

http://www.suzlon.com/Content/News/PressReleasePDFs/18April08_China_Orders_Announcement_FINAL_V1_R4.pdf




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