Suzlon signs 300mw equipment sale deal with ReNew Power

Wind turbine maker Suzlon Energy has signed an equipment sale deal with ReNew Power Ventures for 300mw worth wind energy projects to be developed across India.

Suzlon said it will supply, supervise, operate and maintain the projects, while ReNew Power will be the developer.

Under the firm contract, the Pune-based company will supply 48 units of its S9X suite, including S95 and S97 turbines, to ReNew Power for a 100mw project in Maharashtra, for which development has already commenced.

The framework agreement for another 200mw will be converted into firm contracts based on the completion of the development by ReNew Power, it said.

Suzlon shares were up 0.5% at Rs 19.45 on NSE in morning trade.