Wind Project: Torrent Power awards 300 MW wind power project to Suzlon

Torrent Power on Wednesday announced the award of turnkey work for a 300 MW Wind Power Project to be developed in Karnataka. Torrent Power won this project through competitive bidding in SECI Tranche XII and entered the PPA in March ’23.

The Wind Project has been awarded to Suzlon on a turnkey basis at a site in Karnataka and is scheduled to be commissioned by March 2025.

“Torrent has experience working with Suzlon in the past for its Wind Projects and has technically preferred Suzlon for the 300 MW project based on its latest and more efficient 3 MW Wind Turbine Generators with a rotor diameter of 144 meters,” the company said in a press statement.

Torrent Power currently has an aggregate installed generation capacity of 4.1 GW, which consists largely of clean generation sources such as gas (2.7 GW) and renewables (1.07 GW). It also has a capacity of 0.4 GW of Renewable Generation plants under development apart from the 300 MW Wind Project just awarded.

“In line with its sustainability commitments and the Government’s aim to achieve 500 GW of non-fossil fuel capacity by 2030, Torrent’s growth focus in Power Generation remains on Renewables as it continues to add further capacity to its portfolio. With a balanced Wind and Solar portfolio, it is also working on other Green Energy pathways of Pumped Hydro and Green Hydrogen,” the company said in a press statement.

Torrent Power, with a turnover of about Rs. 25000 Crores, is the integrated power utility of the diversified Torrent Group with group revenues of approx. Rs 37,000 Cr and a market cap of Rs 75,000 crore. It is one of the largest companies in the country’s power sector with presence across the entire power value chain of generation, transmission, and distribution.

Company’s scrip was trading at Rs 551.70, up 3.16% on the BSE Wednesday afternoon. Benchmark Sensex was trading 0.20% lower.