Demand For Suzlon’s 3MW Wind Turbines Picks Up, Supplies From Q4

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Buoyed by the increasing demand for its 3 Megawatt (MW) wind turbines, India’s leading wind energy company Suzlon Group plans to go bullish over the advanced technology. In its latest investors call, the company’s top management said that they were getting overwhelming orders for its 3MW series. 

JP Chalasani, the company’s Chief Executive Officer (CEO) said the company’s order book looked healthy. He said that around 50 percent of the firm’s orders had come for its 3 MW series. Chalasani also said that Suzlon would likely start supplies of the same from the fourth quarter of FY24. 

Suzlon is confident about the cost savings with the new 3 MW series but is awaiting how the market responds. “Obviously, 2.1 megawatts is an established product where cost is established, whereas 3- megawatts is coming now. In 3 megawatts, not the turbine, mainly the BOP cost comes down. So, therefore you take advantage of that and maybe you can increase your pricing. So, therefore just wait and see how the market plays and it depends upon both internal factors of cost-out, the initial rollout versus as we keep increasing the volumes and the BOP cost reduction for the IPPs,” he said. 

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When asked if there could be some delay in their dispatches, Chalasani said, “No, we don’t see anything because this type of test certificate has come from a third party and it’s already lodged for the RLMM listing. Listing is also expected to come in this quarter. So, then we are fully geared up from the manufacturing point of it. I don’t think we see any problems…”

Suzlon has already announced orders for its 3 MW turbine series from several players. In May this year, the company announced getting an order from Juniper Green Energy for its 69.3 MW wind power project situated at Surendra Nagar in Gujarat. Its rated capacity was 3.15 MW. On the other hand, it also reported another deal with a leading Nordic energy company for a 69 MW wind power project slated to come in Karnataka. It is expected to be commissioned in 2024. 

Chalasani also said that Suzlon aims to capture around 25%-30% of India’s wind energy capacity additions. “That’s what we did in quarter one, if you see our numbers, but we are about 25% of the total capacity addition in Q1. And we expect to maintain that 25% to 30% market share in terms of commissioning,” he said. 

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