In the dynamic landscape of renewable energy, JM Financial has identified a significant opportunity in the Wind Repowering policy, branding it as a potential 25 GW venture. The revelation sheds light on the transformative potential of rejuvenating old wind farms, particularly those equipped with low-rating turbines dating back to the 1990s, primarily supplied by Suzlon.
JM Financial emphasizes the advantageous position of Suzlon in this scenario, citing the company's extensive repository of site data. The Wind Repowering policy aligns well with Suzlon's capabilities, especially considering the historic prevalence of its turbines in the earlier installations.
A noteworthy milestone for Suzlon is the recent recognition of its S144 - 3 MW series of wind turbines. The Ministry of New and Renewable Energy (MNRE) bestowed the RLMM listing upon these turbines, a crucial step for successful commercialization. The company highlights the indispensability of this listing in ensuring the product's market success.
Suzlon has already taken a tangible step towards this success by installing the first prototype of the S144 - 3 MW series at the Gondal site in Gujarat. The turbine stands tall at a hub height of 160m, showcasing Suzlon's commitment to innovation. The hybrid lattice tubular (HLT) tower employed in this installation further underscores the company's dedication to cutting-edge technology.
Currently, Suzlon is in the process of serial manufacturing and commercialization of the S144 - 3 MW series. The company envisions this product as a game-changer in the wind energy sector, combining efficiency with eco-friendly practices.
In a recent interview with CNBC-TV18, Suzlon's management provided insights into the company's strategic focus. They emphasized the commitment to executing the existing order book, showcasing Suzlon's dedication to delivering on its promises and meeting market demands.
As the wind energy sector evolves, Suzlon's shares remain steady at ₹39, reflecting confidence in the company's trajectory. In parallel, Inox Wind experiences a 1.6% uptick in shares, reaching ₹361.90. The market response suggests a positive outlook on the renewable energy sector, particularly for companies like Suzlon and Inox Wind poised for growth and innovation.
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