Shares of Suzlon Energy Ltd were trading 2% higher on 5 January after the company announced receiving a new order for 225 megawatt of wind energy from Everrenew Energy.

In its regulatory filing, the company said that the company will install 75 wind turbine generators with a Hybrid Lattice Tubular (HLT) tower with a rated capacity of 3 megawatts each at Everrenew Energy’s sites at Vengaimandalam, Trichy district and Ottapidaram, Tuticorin district in Tamil Nadu.

Girish Tanti, Vice Chairman of Suzlon Group, said, “This project with Everrenew Energy serves the promising commercial and industrial (C&I) segment of the Indian market, which will be important in driving our national targets over time.”

As per the agreement, the company will supply the wind turbines and oversee the project, which includes the commissioning. Post-commissioning, the company will also provide comprehensive operations and maintenance services.

JP Chalasani, Chief Executive Officer of Suzlon Group, said, “The Power generated from this project will be used for captive needs as well as target the C&I consumer segment, creating deeper penetration of renewable energy in India.”

A project of this magnitude could provide electricity to about 1.85 lakh households and cut annual CO2 emissions by about 7.31 lakh tonnes.

R Venkatesh, Chief Executive Officer of Everrenew Energy, said, “Partnering with Suzlon brings us great collaboration, and our repeat orders underscore our trust in their reliable technology and great track record in India.”

At 1:58 pm, Suzlon shares were trading 1.68% higher at Rs 39.35 on NSE.