Suzlon, a provider of renewable energy solutions, said on Monday that Serentica Renewables, a platform devoted to decarbonization and pushing the energy transition for energy-intensive businesses, had placed a “significant” order for its 3 MW series of wind turbines. Serentica’s proposed 204 MW wind power project in Koppal, Karnataka, wouldContinue Reading

Suzlon Group

Suzlon Group, India’s largest renewable energy solutions provider, has announced its new order win for development of a 252 MW wind power project from CLP India. Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MWContinue Reading

Debt-laden, Suzlon Energy has finally received two critical lifelines from its lenders and bondholders. Multiple banks, led by India’s largest — State Bank of India — approved a plan to restructure Suzlon’s outstanding debt worth Rs 14,000 crore. Details of the restructuring plan have not been announced yet. However, theContinue Reading

 Suzlon Energy Ltd has found a new suitor even as a rescue plan of Canada’s Brookfield Asset Management Inc. faltered, said Tulsi Tanti, the founder and chairman of the financially-troubled wind turbine maker. The lenders’ consortium for Suzlon was earlier working on a resolution plan involving the purchase of a majority stake byContinue Reading