Inox Wind Limited, a subsidiary of Gujarat Fluorochemicals Limited and one of India’s leading wind power solution providers, recently received a 170 MW order from Singapore-based Continuum Wind Energy.
Valued in excess of Rs. 900 crore, the order is for 85 units of Inox Wind’s newly launched 2 MW wind turbine with 100 meter rotor diameter, a variant of its well established 2 MW wind turbine platform. The project for which the order has been placed will be constructed in and around Ratlam and Mandsaur districts of Madhya Pradesh. The erection, commissioning, operations and maintenance of the project are going to be carried out by Inox as well.
A release issued by the company said that it was one of the largest wind turbine orders in the country for a single project.
“This is a landmark order that underscores our competitive positioning across the highly competitive and growing Indian wind market. With a focus on technology and customer centricity, we have launched this new product for our clients who can achieve optimum energy yield with lower wind speeds,” said Kailash Tarachandani, CEO of Inox Wind Limited.
Inox Wind Limited is part of the over $ 2 billion Inox Group, which is involved in diverse businesses including industrial gases, refrigerants, chemicals, engineering plastics, cryogenic engineering, renewable energy and entertainment. The wind power solutions provider has manufacturing plants in Gujarat and Himachal Pradesh. It offers turnkey solutions through manufacture and supply of wind turbine generators and also various other services such as wind resource assessment, site acquisition, project development, erection and commissioning and long-term operations and maintenance of wind power projects. Currently, it is implementing projects across Gujarat, Rajasthan, Madhya Pradesh, Maharashtra and Andhra Pradesh.
Continuum Wind Energy was founded in 2009 by a group of professionals with the objective of developing wind farms in India and also other parts of Asia. The company currently has operating capacity of 43 MW selling electricity under long term power sale agreements at feed-in-tariffs to distribution utilities and on negotiated tariffs to industrial consumers. The operating projects are Surajbari I (16.5 MW) and Surajbari II (18 MW), both located in Gujarat, and Revangaon (8.25 MW) located in Maharashtra. A 175 MW project (Satara I) in Maharashtra, considered to be amongst the largest wind farms in the country, is at present under execution. The company is majority owned by Morgan Stanley Infrastructure Partners, a leading infrastructure investment platform.
“In pursuit of our strategy of creating efficient, large scale, world class wind farms in India, we are excited to partner with Inox given their technology generates more energy in low speed winds. We believe that the successful implementation of such projects will not only result in a cleaner energy base for India but also will help to empower the rural communities of Madhya Pradesh,” commented Arvind Bansal, CEO and Director, Continuum Wind Energy, on the order awarded to Inox Wind.