Suzlon and Jindal Renewables Expand Partnership with 302.4 MW Wind Project for Green Steel

Team Finance Saathi

    04/Dec/2024

What's covered under the Article:

  1. Suzlon and Jindal Renewables expand their partnership with a 302.4 MW wind power project in Karnataka for green steel production.
  2. The project will supply wind power to steel plants in Chhattisgarh and Odisha, enhancing sustainability.
  3. Suzlon’s total order from Jindal Renewables now stands at 702.4 MW, setting a record in India's renewable energy sector.

In a significant development for India’s renewable energy sector, Suzlon has expanded its partnership with Jindal Renewables by securing an additional 302.4 MW wind power project in the Koppal region of Karnataka. This strategic collaboration aims to accelerate India’s shift towards green steel production by integrating renewable energy into industrial processes, particularly in steel plants located in Chhattisgarh and Odisha.

This project is part of a broader effort to meet India’s ambitious renewable energy goals, including the target of sourcing 50% of electricity from non-fossil fuels by 2030. Suzlon’s role in this endeavor highlights its leadership in the wind energy sector. With this new agreement, Suzlon now holds the largest-ever Commercial and Industrial (C&I) order from a single customer, totaling 702.4 MW in Karnataka. This includes the 400 MW order secured just last month for a wind power project in the same region.

Suzlon will supply 96 state-of-the-art S144 wind turbine generators (WTGs), each rated at 3.15 MW. These turbines, featuring Hybrid Lattice Towers (HLT), are designed to optimize performance in India's diverse wind conditions. The energy generated will be harnessed for captive consumption in steel plants, helping these plants reduce their carbon footprint and contribute to India’s green energy transition.

Girish Tanti, Vice Chairman of Suzlon Group, expressed his excitement over the partnership, emphasizing its role in advancing India’s green steel mission. "This collaboration will propel our joint green steel mission forward, significantly contributing to India’s renewable energy goals," he said. Bharat Saxena, President of Jindal Renewables, echoed these sentiments, highlighting how this project is aligned with their commitment to sustainability and decarbonization in the steel industry.

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The addition of this wind project is crucial for transforming hard-to-abate sectors like steel, which are essential to India’s industrial growth. JP Chalasani, CEO of Suzlon Group, noted that renewable energy integration into industrial operations is not only an opportunity but a necessity for a cleaner and greener future. He encouraged more industries to innovate and adopt renewable energy solutions.

This partnership marks an important step in the evolution of India’s renewable energy landscape, setting a benchmark for how industries can collaborate to meet both economic and environmental goals. With this expansion, Suzlon continues to strengthen its position as a key player in India’s wind energy market, with an ever-growing order book of 5.4 GW — the largest in the company’s history.

The strategic alliance between Suzlon and Jindal Renewables serves as a model for how renewable energy solutions can be effectively implemented in industrial operations to meet India’s decarbonization targets. As both companies continue to grow, they aim to shape the future of India’s energy landscape and contribute to the global fight against climate change.

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