Suzlon Announces 400-MW Wind Agreement with PPM Energy

This agreement is the largest contract that Suzlon has ever signed.

Suzlon S88-2.1 MW wind turbines will be delivered to various ready-to-build sites across the U.S. starting in the summer of 2008. The agreement includes the supply of 143 units of the S88-2.1 MW in 2008 and 48 units in 2009. The company will handle operations, maintenance and service for two years with an option for five.

"Suzlon has been flexible in working with PPM at the ground level on various technical issues, which has enhanced value to PPM and has forged a strong customer-supplier relationship," said Terry Hudgens, CEO of PPM Energy. "We believe our extensive experience with wind power technology, combined with Suzlon's drive to continually improve, is going to go a long way to benefit wind power projects to come."

PPM Energy is part of the Iberdrola group of companies, with more than 6,500 MW of combined wind power capacity. Suzlon has a combined manufacturing base of 2,700 MW of annual capacity, and is undertaking an expansion to reach 4,200 MW of capacity by January 2008.

"The confidence Suzlon has worked hard to establish among the U.S. customer base, we believe, will be transferable around the world," said Per Hornung Pedersen, CEO of Suzlon Energy A/S of Aarhus, Denmark. Suzlon also has manufacturing facilities in Belgium, China and India.