Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Suzlon’s unit bags €90 million order
BackBack

Suzlon’s unit bags €90 million order

REpower Systems concludes a community wind farm contract for more than 27 turbines for four projects

The wind turbines are scheduled for delivery in 2014. (The wind turbines are scheduled for delivery in 2014. )Premium
The wind turbines are scheduled for delivery in 2014.
(The wind turbines are scheduled for delivery in 2014. )

Mumbai: Wind turbine maker REpower Systems SE, a unit of Suzlon Energy Ltd, said it has concluded a community wind farm contract for more than 27 wind turbines for four projects totalling approximately €90 million with Bürgerwindpark im Kirchspiel Medelby GmbH and Co. KG.

“Community wind farms, in addition to orders from our major customers, make a considerable part of our German business—totaling nearly 50% in the fiscal year 2012-13," said Andreas Nauen, chief executive officer of REpower on Tuesday.

The turbines are scheduled for delivery in 2014. REpower also concluded a service contract for 15 years runtime with an option for five additional years, the company said in a statement.

“Community wind farms are becoming more and more popular as they enable residents to cover their electricity support with their very own wind farm," said Nauen.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 May 2013, 10:57 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie