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May 3, 2007

Suzlon Announces 400-MW Wind Agreement with PPM Energy

Chicago, Illinois [RenewableEnergyAccess.com]

Suzlon Wind Energy Corporation, the U.S.-based subsidiary of Suzlon Energy A/S of Denmark, signed a contract for 400 megawatts (MW) of wind turbine capacity with PPM Energy that calls for delivery of 300 MW of turbine capacity in 2008 and 100 MW of capacity in 2009.

"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."

-- Terry Hudgens, PPM Energy, CEO

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.
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Reader Comments (1)
 
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May 4, 2007
Here is a great development for a company (Suzlon) whose technical, financial and operational strengths are synergised, based on which PPM Energy is able to make this large investment decision. The approach can be replicated by many companies in renewable energy sector / in frontier technology areas to take up projects in the areas of water, biofuels, solar energy.
Need of the hour is to identify technically sound and feasible projects, look for investing business houses / funding houses and then implement those projects. Key is bring about resolution of inter-related and complex techno-financial-commercial issues and be an Integrator of the project, thus reducing the associated risk to a manageable level for all stake-holders. I strongly support Suzlon's efforts to develop and deliver renewable energy projects.
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