MUMBAI (Commodity Online): Indian non-conventional energy major, Suzlon Energy Ltd’s (BOM: 532667) German subsidiary unit has obtained a contract to supply wind turbines of a total capacity of 18.45 MW to a US-based firm.

Suzlon stocks gained over 2.66% to Rs.75.25 on the Bombay Stock Exchange today on the news of the company’s subsidiary getting an overseas order.

The German unit of the company, has signed a contract to supply wind turbines to US-based Heritage Sustainable Energy LLC. Suzlon made this announcement after the market hours on Wednesday, 18 November 2009.



The company said in a statement to BSE, “Suzlon Energy's German unit REpower Systems said its US subsidiary has signed a contract to supply wind turbineswith a total capacity of 18.45 megawatts (MW) to US firm Heritage Sustainable Energy LLC.”

Suzlon owns a majority stake in REpower, Germany's third largest wind turbine maker. The contract also provides an option to supply another 10 turbines with total capacity of 20 MW to the US firm. Thecompany did not disclose financial details of the order.
The turbines under the current order are expected to be installed by the third quarter of 2010, Suzlon said in the statement.

Earlier on 16 November 2009, Suzlon's US unit had secured a 20 megawatt order. Suzlon Wind Energy Corporation, the US step-down wholly owned subsidiary of Suzlon Energy, had received a new order for the community-based Grant County Wind Farm in Southwestern Minnesota, US.

The project consists of 10 Suzlon S88 2.1 MW wind turbines. Thewind farm is expected to be in commercial operation in the first quarter of 2010.

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