Suzlon Energy Extends Yanara Partnership With 306 MW Wind Turbine Orders in Rajasthan

Mumbai, 17 December 2025: Suzlon Energy Limited has extended its long-standing partnership with Yanara through fresh 306 MW wind turbine orders in Rajasthan, reinforcing its dominance in one of India’s most critical renewable energy markets. The orders comprise two contracts of 153 MW each for Yanara’s firm and dispatchable renewable energy (FDRE) projects in Barmer district, further consolidating Suzlon’s position as the state’s largest wind energy player.

306 MW Repeat Orders in Barmer Signal Faster Scale-Up of Dispatchable Renewables

The new contracts mark two repeat orders from Yanara within a single year, underlining execution continuity and project confidence. Suzlon will supply and install 102 S144 wind turbine generators (WTGs), each with a rated capacity of 3 MW, supported by hybrid lattice towers designed for high-temperature and high-wind conditions prevalent in western Rajasthan.

These installations form part of Yanara’s 800 MWp FDRE portfolio in Barmer, where wind, solar, and energy storage assets are integrated to deliver firm, round-the-clock renewable power. The electricity generated will partially meet Yanara’s power purchase agreement (PPA) obligations with utilities such as NTPC (National Thermal Power Corporation) and NHPC (National Hydroelectric Power Corporation), strengthening grid reliability.

44% Market Share and 2.3 GW Installed Capacity Cement Suzlon’s Rajasthan Lead

With over 2.3 GW of installed wind capacity in Rajasthan, Suzlon currently commands a 44% market share of the state’s 5.2 GW wind capacity, making it the undisputed market leader. Beyond the Yanara contracts, the company is executing 791 MW of additional engineering, procurement and construction (EPC) projects across the state.

Rajasthan’s high wind potential, strong solar irradiation, and policy support have made it a cornerstone of India’s renewable expansion. Suzlon’s sustained order inflow in the region reflects how scale, localisation, and climate-adapted turbine technology are translating into repeat business and long-term deployment visibility.

Hybrid Projects Gain Momentum as Yanara Expands Multi-Technology Portfolio

Yanara continues to accelerate its multi-gigawatt hybrid renewable strategy, combining wind, solar, and energy storage to deliver dispatchable clean power. The Barmer projects follow closely after Yanara’s 115 MW co-located solar-wind hybrid project in Maharashtra, which is nearing completion and includes a 29.4 MW wind order from Suzlon.

The rapid sequencing of projects across states highlights a shift from standalone renewable assets to grid-scale hybrid systems, aligned with India’s target of 500 GW non-fossil fuel capacity by 2030 and the broader push for universal, reliable electricity access.

Share Price Falls 1.35% Despite Order Announcement

As of 3:14 pm IST on 17 December 2025, on the NSE, Suzlon Energy share price was at ₹51.96, down ₹0.71 or 1.35% for the day. The shares opened at ₹52.60, touched an intraday high of ₹52.65 and a low of ₹51.85. Suzlon’s market capitalisation stood at ₹71.28 thousand crore, with a price-to-earnings ratio of 22.49. The stock’s 52-week high is ₹74.30, while the 52-week low is ₹46.15, indicating consolidation near the lower end of its annual range during afternoon trade.

The 306 MW Rajasthan orders reinforce Suzlon’s execution strength in large-scale wind deployments and highlight the growing role of hybrid renewable projects in India’s power mix. The development underscores continued infrastructure build-out in high-potential states like Rajasthan, where repeat contracts, grid-linked PPAs, and dispatchable clean energy solutions are shaping the next phase of renewable capacity expansion.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/834c541e-363e-49d3-9e15-666634da2df7.pdf

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