Suzlon secures 218 MW wind energy order in Brazil

Order for 104 units of Suzlon’s S88-2.1 MW wind turbines. Suzlon Energia Eólica do Brasil Ltda. – subsidiary of Suzlon Energy Limited, the world’s third leading wind turbine maker – has won an order from Martifer Renováveis Geração de Energia e Participações S.A. to set up, operate and maintain a 218 MW (megawatt) wind farm projects across the states of Ceará and Rio Grande do Norte, in Brazil.

The full turn-key project will comprise of 104 units of Suzlon’s S88-2.1 MW wind turbines, which can generate enough electricity to power over 160,000 Brazilian households.

The project is scheduled to be commissioned in phases by June, 2012 and is expected to offset over 425 tones of CO2 annually. This addition of 218 MW will enhance Suzlon’s leading presence in Brazil to a cumulative total installation of 600 MW.

Martifer is an industrial group with approximately 4,000 workers, present in 16 countries. Martifer Renewables is part of the Martifer Group, which develops and operates renewable energy projects. With 18 plants in operation worldwide, the Company currently has a portfolio of over 4,000 MW in wind and solar projects in countries such as Portugal, USA, Germany, Brazil and Poland.

Mr. Armando Abreu, the CEO of Martifer Renováveis Brazil, said: “Suzlon is a market leader in Brazil and has immense experience of wind markets in emerging economies. We are confident that they are the right partners for us in expanding our renewable energy footprint in Brazil. We look forward to a very rewarding long term relationship for both companies.”

Commenting on the order, Mr. Arthur Lavieri, CEO Suzlon Energia Eólica do Brasil Ltda., said: “This order is a huge success for Suzlon’s operations in Brazil. This is a validation of our technology, business model and our commitment to our customers. We are very happy to be working with Martifer Renováveis, a company dedicated to producing clean and green energy. We are certain that this project marks the beginning of a mutually rewarding relationship.”

Mr. Tulsi R Tanti, the founder, Chairman and Managing Director of Suzlon Group said: “At Suzlon we are very focused on emerging economies, like Brazil, with their central role in the overall growth of the wind sector – this order is clear evidence of the strategy beginning to deliver. Brazil is deeply committed to powering its rapid economic growth on green energy. We are glad to bring to the country our vast experience and play a major role in defining its wind market.

“Brazil has very ambitious targets of reducing carbon emissions by nearly 40 per cent by 2020, and wind is clearly going to contribute significantly in achieving the same. It is forecasted that there will be 11.58 GW of installed and operational wind power by 2020.

Suzlon will continue to deliver quality services in Brazil and are confident of maintaining our leadership in its wind energy market. With the trust of renowned companies like Martifer, we are poised to make the most of Brazil’s wind potential.”

Brazil is one of the leading nations in the Americas in the field of renewable energy. The rapid growth of the country’s economy is a key driver for the growth of the renewable energy industry in the Brazil. With the country’s increasing energy needs, wind and other renewable energy sources are poised to play a key role in powering the economic future of the country. Brazil has over 140 GW of onshore wind potential.

Suzlon established its presence in Brazil in 2006. In just over four years, the company has installed 11 wind farm projects with a total installed capacity of 383 MW and employs over 170 people.

Since establishing operations in 2006, Suzlon Energia Eólica do Brasil has grown to become Brazil’s number one wind turbines supplier by installed capacity, with a market share of 42 per cent (Source: ANEEL – Brazilian Electricity Regulatory Agency, January 2011). Showing rapid development in the country, Suzlon has successfully installed 183 wind turbines in 11 operating wind farm projects, supplying over 380 MW of clean energy. Suzlon operations in Brazil are located at Ceará State, with sales offices in São Paulo and Rio de Janeiro.

Suzlon Group ranked as the world’s third* leading wind turbine supplier in terms of market share in 2009. Suzlon has its corporate headquarters – Suzlon One Earth – in Pune, India. The company’s global spread reflects in its projects and markets portfolio – extending across Asia, Australia, Europe, South Africa and North and South America. Suzlon is a highly vertically integrated wind turbine manufacturer with manufacturing capability along the full value chain – from components to complete wind turbine systems. The Group has installed over 15,000 MW of wind energy capacity in 25 countries, established operations across 32 countries, with a workforce of over 13,000 personnel.

Suzlon was recognized with the Gigaton Award for global leadership in emissions control and sustainability practices in the energy at the COP16 summit in Cacun, Mexico. Suzlon was also ranked as a prestigious ‘Business Superbrand’ ranking in 2010 for the second time. Suzlon has a share of over 90 per cent in REpower, and taken together, have a combined market share of 9.8 per cent. Derived from BTM Consult ApS World Market Update 2009, ranking Suzlon with 6.4 per cent of global market share and REpower with 3.4 per cent of global market share.