Senvion India procures 591MW wind turbines contract from JSW Energy

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Wind turbine maker, Senvion India has announced that JSW Energy has recently made orders for 591 megawatts (MW) of wind turbines in a deal that includes a 10-year operations and maintenance agreement.

According to JSW Energy’s Managing Director and CEO, Prashant Jain, Senvion offers high-quality proposal backed by excellent turbines, strong engineering competence, and a willingness to collaborate on successful project execution.

Speaking of JSW Energy, the company established its presence in India’s wind power generating industry by winning 810 MW of projects in an auction held by Solar Energy Corporation of India in August 2020, with a bid of Rs 3 per unit.

JSW Energy presently has a total capacity of 4,559 MW, including 3,158 MW of thermal power, 1,391 MW of hydel electricity, and 10 MW of solar power plants.

The firm is aiming at building 2,500 MW of clean energy projects intending to reach a total power generating capacity of 20,000 MW by 2030, with renewables accounting for roughly 85 per cent of total capacity.

As per sources, Senvion India was recently purchased by Saudi Arabia-based Alfanar from Senvion GmbH, a German business that filed for bankruptcy in April 2019 and underwent a financial restructuring following German regulations.

Moreover, Senvion was Suzlon's German arm until FY14, when it was sold to a private equity group for Rs 7,000 crore in FY15. Senvion India has been in operation since 2016 and has been one of the major benefactors of the wind energy auction process.

About Senvion

Senvion is one of the fastest-growing companies in the Indian wind sector today. It now employs 1000+ direct and indirect personnel across the value chain in India, a far cry from its humble beginnings.

The company has developed in-house data analytics skills and is devoted to providing comprehensive wind energy solutions to its clients.

Source Credit - https://www.financialexpress.com/industry/senvion-wins-591-mw-wind-turbines-order-from-jsw-energy/2343728/