Suzlon secures order for development of 300 MW wind power project for Apraava Energy Private Ltd Renewable energy solutions provider Suzlon Group on Thursday announced that it has bagged a new order for the development of a 300 MW wind power project for Apraava Energy Private Limited. Suzlon will install 100 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at the client’s site in Karnataka. The order is for the company’s larger rated 3 MW, S144‐140m turbines from the 3 MW product series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning. JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Each repeat customer is a validation of our technology and service prowess. I am grateful that Apraava Energy has reaffirmed their faith in us and chosen us again for this crucial project in Karnataka. While the project itself is part of the SECI (tranche XIV) auction, the electricity generated from this project will be used to support Uttar Pradesh Power Corporation Ltd. (UPPCL) to increase the reach of renewable energy in the country. Every Suzlon turbine is manufactured in the country through a thriving domestic value chain ecosystem, which is a testament to our contribution to the vision of an Aatmanirbhar Bharat.” Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “We are committed to contributing to India’s energy transition goals and are on an exciting growth journey to expand our green footprint across the country. Apraava is pleased to partner with Suzlon to build our newly secured wind project in Karnataka, in line with the highest operational standards. We look forward to a continued partnership with Suzlon, benefitting from their expertise, rich experience, and best‐in‐class indigenous solutions.” Suzlon turbines feature the time tested Doubly Fed Induction Generator (DFIG) technology that efficiently integrates wind turbines into the utility network to meet the grid requirements. Suzlon’s R&D efforts are continuously geared towards increasing turbine performance, harnessing more energy from low wind sites, and lowering the cost of energy. The Suzlon Group has a ~20.3 GW of wind energy capacity installed across 17 countries. Suzlon’s manufacturing facilities are spread across 14 locations in India.
However, that doesn’t take into account the fact that geopolitical tensions on the Middle East are undeniably rising again which will mean limited downside.”
In the U.S., oil drilling rigs were up by one at 501 last week, Baker Hughes said in its weekly report.JPMorgan forecasted 26 oil rigs to be added this year, most of them in the Permian during the first half of the year.
“The timing of drilling is paramount, as rig additions at the start of the year will contribute to 2H24 production growth,” the bank’s analysts said in a note.
“Despite an impressive 1 mbd of crude and condensate production growth in 2023, we expect 2024 supply to increase by only 400 kbd due to lower completions activity levels vs 2023.”