Suzlon to supply ArcelorMittal with 248.85MW of wind capacity

Core Insights - Suzlon Group has secured a 248.85MW wind energy order from ArcelorMittal as part of a 550MW hybrid project in Gujarat, India [1] - The wind energy generated will be used for captive consumption at ArcelorMittal Nippon steel facilities [1] - Suzlon will supply 79 S144 wind turbine generators, each with a rated capacity of 3.15MW [1] Company Developments - Suzlon has a presence in Gujarat with an installed capacity of 4.5GW and this new agreement marks its fourth wind order aimed at decarbonizing steel production in India [2] - The company's contribution to green steel capacity in India now totals approximately 1.16GW [2] - Over the past year, Suzlon has collaborated with various steel producers to facilitate the transition to low-carbon steel production [2] Industry Context - The vice-chairman of Suzlon highlighted the importance of steel in India's infrastructure and its energy-intensive nature [3] - As the steel sector moves towards decarbonization, renewable energy is becoming a competitive and viable contributor [4] - Suzlon is committed to this transition through partnerships and industry coalitions, such as the Indian Steel Green Council [4] Strategic Focus - The CEO of Suzlon stated that the project reflects the company's strategic focus on the EPC (engineering, procurement, and construction) segment, aiming to increase its share to 50% of the overall order book [5] - In September 2024, Suzlon secured a 1.17GW wind energy order from NTPC Green Energy in India, indicating ongoing growth in the sector [5]