Sembcorp Energy

Renewable energy solution provider Suzlon Energy on Tuesday said that it has won an order to set up 180.6 MW wind energy project from Sembcorp's arm Green Infra Wind Energy Ltd. "Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 180.6 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Limited," a BSE filing said. Suzlon will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at Kanakagiribad, Bagalkot in Karnataka, and is expected to be commissioned in 2024. Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also provide comprehensive operation and maintenance services after commissioning of the project. This order is part of the bid won under the SECI (Solar Energy Corporation of India) tranche XI auctions

By 2025, Sembcorp aims to quadruple its gross installed renewable energy capacity to 10 Gw

The firm is aiming to have a gross installed renewable energy capacity of 10 Gw by 2025

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The purchase price for the shares is about Rs 406 crore in cash, and is based on discounted cash flows and relevant transaction multiples

Sembcorp commissioned 200 MW out of 550 MW of the SECI 2 and SECI 3 wind power projects

The project is proposed to be set up in Gujarat