Prashant Jain, Managing Director and CEO of JSW Energy, said: “Senvion has put forward a high-quality proposal backed by high-quality turbines, strong engineering capabilities, and an attitude of working together to solve the successful implementation of the project.”
Senvion India said on Monday that it has won an order from JSW Energy to provide 591 megawatts (MW) of wind turbines. The order also comes with a 10-year operation and maintenance contract. Financial details of the transaction were not disclosed. JSW Energy won the 810 MW project in an auction conducted by the Indian Solar Company in August 2020, with an offer price of 3 rupees per unit, marking its entry into the country’s wind power sector. JSW Energy’s current power generation capacity is 4,559 megawatts, including 3,158 megawatts of thermal power plants, 1,391 megawatts of hydroelectric power plants and 10 megawatts of solar power plants.
The company is currently building a 2,500 MW renewable energy project and plans to achieve a total power generation of 20,000 MW by 2030. By then, the share of renewable energy in its total capacity is planned to increase to about 85%. Senvion India was recently acquired by Saudi Arabia-based Alfanar from the German company Senvion GmbH, which filed for bankruptcy in Germany in April 2019 and underwent financial restructuring in accordance with German law.
Senvion had been a German branch of Suzlon until the 2014 fiscal year, and then sold to a private equity consortium for approximately Rs 7,000 crore in the 2015 fiscal year. Senvion India has been operating since 2016 and is one of the biggest beneficiaries of the auction system in the wind energy industry. Prashant Jain, Managing Director and CEO of JSW Energy, said: “Senvion has put forward a high-quality proposal backed by high-quality turbines, strong engineering capabilities, and an attitude of working together to solve the successful implementation of the project.”
News Source : Financial Express
