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Suzlon bags $45 mn order from Duke Energy

This article was posted on Apr 2, 2009 and is filed under Stock News

Wind turbine maker Suzlon Energy today said its North American-arm has signed an order worth about $45 million for supply of 20 wind turbines with US-based Duke Energy.Suzlon Wind Energy Corp will deliver 20 units of the S88-2.1 megawatt wind turbine to the US firm Duke Energy in July.

The contract will provide turbines for Duke Energy’s Silver Sage Windpower Project in Cheyenne.

“The US market has not been very good in the last couple of months. Not many orders have been placed during this time. This order, worth about $45-million, represents an important step forward in the challenging economic environment we are working in,” Suzlon Energy’s Chief Operating Officer, Sumant Sinha, told PTI here.

“In the last one month, we’ve signed orders close to 400 Mw, which translates into Rs 2.5 crore,” he said.

The BSE-listed firm said it will provide operations and maintenance through a five-year service agreement with Duke Energy.

“Suzlon will deliver the 20 turbines in July with construction due to be completed and turbines online before the end of the year,” a company statement said.

Suzlon, the world’s fifth-largest wind turbine-maker and third-largest supplier, has already provided a total of 71 Mw to all Duke projects.

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