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Wednesday, 13 November 2024

wind

Suzlon secures second US order from Horizon Wind

 

This time the deal is for 200 MW in 2009 and with Suzlon Wind Energy Corporation.

Horizon Wind Energy, which is based in Houston Texas is owned by Portuguese utility EDP. The contract originally called for 400 MW in 2008 and 2009, as we reported earlier. Now however there has been another 200 MW added to this contract. The deal with India's Suzlon via its American subsidiary is for S88 2.1 MW turbines and will be placed through the continental United States. This means that 95 of the units will be supplied in 2008 and 190 units in 2009. Included in the deal are Suzlon's service for maintenance, operations and service.

“This order reinforces the trend for renewable energy and wind in the United States. Despite economic slowdown, new wind installations more than doubled in 2007 from 2006. With growth drivers like Renewable Portfolio Standards, and the US actively pursuing domestic resources of energy security - we see a strong, promising market going forward,” Andre Horbach – CEO,Suzlon Group stated.

“This is an important order demonstrating Suzlon’s position in the US market and showing confidence in our people, product and company. The health of the world’s economy depends on power. With the price of oil setting new records above USD 100-a-barrel, utilities and industries looking to hedge power costs and with global warming threatening to impact the global economy nations are all looking to wind energy in a big way. We see continued high growth for Suzlon and sector at large,” said Tulsi R Tanti – Chairman and Managing Director, Suzlon Energy Limited

“Electing this option for an additional 200 MW of turbines demonstrates our commitment to the US market,” said Antonio Martins da Costa, CEO, Horizon Wind Energy. “As pertained to our business plan, these turbines will be an important element in securing our growth over the next several years.”

For additional information:

http://www.suzlon.com/Content/News/PressReleasePDFs/2April2008_Horizon_200MW_Repeat_Order_Announcement_FINA.pdf

www.suzlon.com

http://www.horizonwind.com/

http://www.horizonwind.com/news/documents/HorizonWindEnergyExcercises200-MWOptionwithSuzlon040208.pdf
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