Suzlon secures largest C&I wind order to drive decarbonisation of steel sector

Team FS

    10/Oct/2024

What's covered under the Article:

1. Suzlon wins a 400 MW wind power order from JSP Green Wind to decarbonise steel plants in Chhattisgarh and Odisha.

2. The project will use 127 advanced wind turbine generators with Hybrid Lattice Tubular towers in Karnataka.

3. This collaboration aligns with India's 2070 net-zero vision, driving sustainability in the steel industry.

Suzlon Group has achieved a major milestone by securing a significant 400 MW order from JSP Green Wind 1 Pvt. Ltd., a special purpose vehicle (SPV) of Jindal Renewables Power Private Limited. This order, the largest for the Commercial and Industrial (C&I) segment, highlights Suzlon's leading role in India's clean energy transition and marks a key step in decarbonising hard-to-abate sectors such as steel production.

Advancing Clean Energy: Suzlon's Role in India’s Transition

Suzlon will supply 127 state-of-the-art wind turbine generators (WTGs) equipped with Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of 3.15 MW. These turbines will be installed in the Koppal region of Karnataka, and the energy produced will power steel plants in Chhattisgarh and Odisha. The initiative supports India's green energy goals and is a crucial move toward decarbonising steelmaking, a traditionally carbon-intensive industry.

Key Leadership Insights: Transforming Steel Production

Suzlon's leadership expressed enthusiasm for this transformative partnership. Girish Tanti, Vice Chairman of Suzlon Group, emphasized that this collaboration with the Jindal Group marks a "bold step toward a low-carbon future." The partnership aims to revolutionise steel production by integrating wind power into operations, reducing the industry's carbon footprint and aligning with India’s 2070 net-zero vision.

According to Bharat Saxena, President of Jindal Renewables, the order represents a breakthrough in sustainable steel production, reducing the group's overall carbon emissions. This collaboration is central to Jindal’s commitment to achieving its net-zero goals by 2047, positioning the company as a leader in the shift toward cleaner energy solutions.

Suzlon’s Growing Market Leadership in Renewable Energy

With this order, Suzlon’s cumulative order book now stands at nearly 5.4 GW, reinforcing its position as a market leader in the renewable energy space. The company has consistently demonstrated its expertise in delivering sustainable energy solutions that align with India’s ambitions to expand its renewable energy portfolio and reduce carbon emissions in key sectors like steel.

Hybrid Lattice Tubular Technology: Boosting Sustainability

The HLT towers that Suzlon is supplying for this project are specially designed to maximise efficiency and resilience in challenging environments. These cutting-edge turbines will significantly boost the sustainability of the steel plants in Chhattisgarh and Odisha, helping them meet their energy needs through captive consumption of wind power, furthering India’s clean energy revolution.

Jindal Group’s Commitment to Green Steel

This partnership with Suzlon marks an important step for Jindal Renewables Power Private Limited as it integrates renewable energy into its steel manufacturing operations. The use of wind energy in steel production will help Jindal meet its sustainability goals, reducing its overall carbon emissions and supporting its long-term commitment to green energy.

JP Chalasani, CEO of Suzlon Group, commented on the broader implications of the project, noting that the decarbonisation of the steel sector is critical to achieving India's renewable energy targets. He highlighted how this collaboration between two major Indian conglomerates showcases the potential for industry-wide transformation, furthering the vision of Aatmanirbhar Bharat by empowering steelmaking with renewable energy sources.

India's Green Energy Vision: Achieving Sustainability Targets

As India progresses toward its 2070 net-zero vision, partnerships like this between Suzlon and Jindal Group are essential for driving large-scale change across high-emission industries. The collaboration sets a new benchmark for sustainable practices, not only enhancing industrial sustainability but also creating a ripple effect that could inspire other sectors to integrate renewable energy into their operations.

By embracing clean energy, both companies are contributing to India's renewable energy goals and supporting the global fight against climate change. As the steel industry continues to expand, decarbonising its operations will play a key role in reducing India’s carbon emissions and promoting a sustainable future.

Conclusion:

This significant order from JSP Green Wind 1 Pvt. Ltd. propels Suzlon and the Jindal Group to the forefront of industrial decarbonisation, particularly in the steel sector. As India accelerates its clean energy transition, this partnership showcases the transformative potential of wind energy in revolutionising steel production. Together, Suzlon and Jindal are setting new standards for sustainability, furthering the country’s ambitious 2070 net-zero vision.

To read more about upcoming developments in the clean energy sector, explore our latest news on IPO Reviews at {Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi}. Stay updated on the latest financial and business news by visiting {Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi}.

Join our {Trading with CA Abhay Telegram Channel} for regular Stock Market Trading and Investment Calls by CA Abhay Varn, SEBI Registered Research Analyst. For more updates on the stock market, IPOs, and business news, follow us on the {Finance Saathi Telegram Channel}.

Start your Stock Market Journey by opening a free Demat account with {Choice Broking FinX}, where you can also apply for IPOs and access valuable trading insights.

This partnership between Suzlon and Jindal represents a major leap forward in India’s push for renewable energy and industrial sustainability. As the country works toward its green energy targets, such initiatives will be key in driving long-term environmental and economic benefits for future generations.

Related News
onlyfans leakedonlyfan leaksonlyfans leaked videos