Suzlon Bags 201.6 MW Waaree Wind Order; Shares Trade Flat

Mumbai July, 23: Suzlon Energy Ltd. has secured a 201.6 MW wind energy project from Waaree Forever Energies Pvt. Ltd. (WFEPL), the independent power producer (IPP) arm of the Waaree Group, further expanding its order pipeline in Andhra Pradesh.

The company said the project will be executed through its Development Company (DevCo) model, under which Suzlon undertakes end-to-end execution, from project development and engineering to equipment supply, commissioning and long-term operations.

According to the company, this is its second consecutive DevCo-led EPC order, indicating growing adoption of the execution model among renewable energy developers.

The project will deploy 64 S144 wind turbine generators, each with a rated capacity of 3.15 MW, taking the total installed capacity to 201.6 MW.

Andhra Pradesh order pipeline approaches 1 GW

Beyond supplying turbines, Suzlon will execute the complete balance-of-plant works, commission the project and provide long-term operations and maintenance services.

Following this order, Suzlon’s cumulative order pipeline in Andhra Pradesh has moved close to 1 GW, strengthening its presence in one of India’s key wind energy markets.

The company said integrated execution models such as DevCo help developers reduce project risks while accelerating implementation timelines.

Waaree said the project aligns with its strategy of expanding beyond solar generation into a diversified renewable energy portfolio.

Stock Market Snapshot

Suzlon share price was largely unchanged after the announcement. The stock traded at ₹52.95, down 0.11%, as of 12:07 PM IST on July 23.

The limited movement suggests investors were focused more on the order’s long-term contribution than on any immediate earnings impact.

Company Background

Suzlon is among India’s largest wind energy solutions providers, with more than 17 GW of installed wind capacity globally. Apart from manufacturing wind turbines, the company offers project development, EPC execution, operations and maintenance, and asset management services.

Waaree Group has expanded rapidly across renewable energy businesses, including solar manufacturing, EPC services, battery storage, green hydrogen and independent power generation.

Conclusion

The latest order strengthens Suzlon’s execution pipeline and reinforces the industry’s shift towards integrated project delivery models. While the company has not disclosed the contract value, the project adds another utility-scale installation to its renewable portfolio and deepens its relationship with one of India’s fast-growing clean energy groups.

Source:

• https://www.nseindia.com/get-quote/equity/SUZLON/Suzlon-Energy-Limited
• https://nsearchives.nseindia.com/corporate/SUZLON1_23072026104434_Suzlon23072026.pdf