“It is our goal to be India’s largest diversified, independent renewable energy company. Wind energy, with its various revenue options and value creation opportunities, is a clear focus for us and we see Suzlon, with its long-standing leadership of the Indian wind sector, as the right long-term partner," Mr. P. Krishnakumar, Managing Director, Orient Green Power Company, said.
Mr. Tulsi R. Tanti, founder, Chairman and Managing Director – Suzlon Group, said: “OGPL is one of India’s leading renewable Independent Power Producers (IPPs), and this order clearly underscores Suzlon’s value proposition as an integrated solutions provider in what is a rapidly growing sector. We are very pleased to partner with OGPL and look forward to delivering a complete project and services package that exceeds the expectations of this pioneering firm”.
Orient Green Power Company Limited, part of the Shriram EPC Group, is India’s largest diversified, independent renewable energy company, with a primary focus on wind energy and over 198 MW of wind assets already operational. Listed on the Indian stock exchanges, OGPL is focused on creating a sustainable portfolio of renewable energy assets comprising of primarily wind, biomass and hydro-power, the release said.
India’s wind energy sector has registered rapid growth with strong interest from Indian and global IPPs and financial investors. India ranked the third largest market in the past fiscal with over 2,000 MW of new wind farm capacity additions, translating to an investment mobilization of over $ 2.4 billion.