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Tata Power signs agreement with Suzlon for wind turbines supply
Yahoo Financeยท2025-09-17 09:30

Core Insights - Tata Power Renewable Energy Limited (TPREL) has signed a significant agreement with Suzlon Group for the supply of wind turbines totaling 838MW capacity in India, marking Suzlon's largest order for fiscal year 2026 [1][2] - The project will utilize 266 S144 wind turbines, each with a capacity of 3.15MW, and will be deployed across multiple states in India [2] - This collaboration enhances TPREL's role in India's renewable energy transition, contributing to the country's goal of achieving 500GW of renewable energy capacity by 2030 [3] Company Developments - TPREL currently manages a wind energy portfolio exceeding 3.9GW, with over 1GW already in operation, while the remaining capacity is under development in various states [3] - The agreement represents the third strategic partnership between TPREL and Suzlon, aligning with Tata Power's objective of achieving 100% clean energy by 2045 [4] - Tata Power's renewable energy portfolio now totals 15.7GW, further solidifying its position in the renewable energy sector [4] Industry Context - Suzlon Group is recognized as a global renewable energy solutions provider, with over 21GW of wind energy capacity installed across 17 countries, showcasing its extensive operational footprint [4] - The collaboration is part of broader efforts in the renewable energy sector, including a recent partnership between Tata Power Renewable Energy and Tata Motors to develop a 131MW wind-solar hybrid project [5]