Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India

Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India. Photo by-Pexels

Indian wind energy solutions company Inox Wind Limited (IWL) today announced receiving a Letter of Intent (LoI) for executing a 50 MW ISTS (Inter-State Transmission System)-connected wind power project on a turnkey basis from NLC India Limited. NLC India is a Central Public Sector Utility (CPSU).

As part of the project, Inox Wind will supply, install, and commission its DF 113/92 – 2.0 MW capacity Wind Turbine Generators (WTGs) and provide comprehensive operations & maintenance (O&M) services for over 10 years post-commissioning. The project will be executed at the mega Dayapar site in the Kutch district of Gujarat.

Kailash Tarachandani, CEO of Inox Wind, said, “This project from NLC India reinforces Inox Wind’s strong credentials as a comprehensive wind energy solutions provider in the Indian market. Our robust relationships across PSUs, IPPs, C&I, and retail customers, as well as our varied product and service offerings with plug-and-play turnkey solutions, place us in a unique position to deliver value for our customers. As India moves towards achieving its renewable energy capacity targets, Inox Wind continues to play an important role. It is in a formidable position to deliver significant growth and profitability.”

Inox Wind Limited (IWL) is an Indian wind energy solutions provider company servicing Independent Power Producers (IPPs), Utilities, PSUs, and Corporate investors. IWL is a part of the USD ~ 7 BN INOXGFL Group, a Group with a presence of nine decades and primarily focuses on two business verticals – chemicals and renewable energy. 

Inox Wind Presence and the 3MW club

IWL is an integrated player in the wind energy market with four manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, where blades, tubular towers, hubs, and nacelles are manufactured. 

It also offers 3 MW series wind turbine generators. IWL’s manufacturing capacity stands at more than 2 GW per annum. Its subsidiary, Inox Green Energy Services Ltd., is India’s only listed wind O&M services company, having a portfolio of more than 3.2 GW.  

Earlier in August last year, I-Fox Windtechnik, an arm of Inox Green Energy, had won an order from NLC India for the operations and maintenance of a 51 MW wind energy project in Tamil Nadu. The contract demanded a comprehensive O&M with power evacuation for five years. Inox Green Energy is the wind O&M service provider. 

Wind power on revival in India 

Wind power installations in India have seen a surge in India in 2023-24, growing even faster than solar power, government data suggested. An analysis by Saur Energy revealed that between January and July 2023, India added 2GW of wind power. Top honchos of wind power firms in their investors have hinted that the installations might expedite in Q4. 

Recently, Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund I (CI GMF I), also took the final investment decision (FID) on a 300 MW onshore wind project in India together with Viviid Renewables (Viviid), an Indian developer and balance-of-plant service provider. The project is located in Karnataka with favorable wind conditions, good site accessibility, and an existing grid connection in relative proximity, and construction is expected to be completed by the end of 2025.

Another wind power behemoth-Suzlon has also boasted about the new order for its 3MW wind turbines in different states for several projects.