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Suzlon Group wins 50 MW order from Eoxis Group

Suzlon Group wins 50 MW order from Eoxis Group

● First wind power project in India for the UK-based Eoxis group, a global renewable energy IPP company backed by Platina Energy Partners

● Project will feature S97 turbines; to be commissioned by January, 2013

Pune: Suzlon Group, the world’s fifth leading* and India’s largest wind turbine manufacturer has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by Platina Energy Partners. The order comprises 24 units of Suzlon’s latest S97 – 2.1 MW wind turbines, featuring the Doubly-Fed Induction Generator (DFIG) technology. The project will be set up in the state of Rajasthan and is scheduled to be commissioned by January, 2013. Suzlon will execute the contract under its end-to-end business model.

Eoxis is an investee company of Platina Energy Partners, an independent European investment firm focusing on renewable energy. Eoxis has invested in solar projects in Europe, and also recently completed its first 15 MW solar project in Gujarat. This 50.4 MW order is the Group’s first investment in the Indian wind energy sector.

Ms. Laurence Mulliez, CEO, Eoxis said, “Eoxis is a serious player in the renewable space with ambitious long-term plans to be a leading global renewable energy IPP. We have a team of experts who have had significant exposure to this sector and project financing. We have a very strategic focus on the wind sector and, in particular, on India which is amongst the top five wind energy markets worldwide.

“After spending two years considering the available options, we selected Suzlon, the market leader in India. We trust Suzlon’s proven expertise, capabilities and the latest S9X turbine technology to deliver expected life cycle value contribution to this project.” she added.

Speaking on the order, Mr. Tulsi Tanti, Chairman, Suzlon Group, said: “We are happy to partner with Eoxis in their maiden wind energy project in India, and look forward to building a strong long-term relationship.
“The growth of the IPP sector represents the next stage of the evolution for the Indian wind market – and this order underscores our strong competitive position in this rapidly growing segment.”

Source: *BTM Consult ApS – A part of Navigant Consulting – World Market Update 2011.

For further Information, please contact:
Atul Malikram
9827092823
  
 
 

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