Suzlon Wind Energy Corporation (SWECO), a step-down subsidiary of Suzlon Energy Limited, India, announced the signing of a repeat order with Horizon Wind Energy for 200 MW of wind turbine capacity.

Horizon Wind Energy, based in Houston, Texas, is one of the largest wind power developers in the United States and is owned by the Portuguese utility EDP (Energias de Portugal, S.A.).

The original contract calls for delivery of 400 MW of turbine capacity in 2008 and 2009, and now has been expanded to include an additional 200 MW in 2009. The capacity will be supplied in Suzlon’s S88-2.1 MW wind turbine and will be delivered to various ready-to-build sites across the country.

The turbine agreement includes the supply of 95 units of the S88-2.1 MW in 2008 and 190 units in 2009. Suzlon is also contracted for operations, maintenance and service of the wind turbines for two years and an option for five.

“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.

The United States registered over 45% growth in 2006-07, and an average growth rate of over 35% over a three year period according to the World Market Update 2007 report published BTM Consult ApS. The United States also ranked as the world’s largest market in 2007 comprising 26.5% of the global market and 5,244 MW of new capacity installed. The market is forecast to add 6,500 MW in 2008, and a cumulative 43,500 MW between 2008 and 2012.

“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.

Sourced From: Adfactors Public Relations Pvt Ltd

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