Suzlon Energy sells 5 wind farms in Brazil for $300 million

SUZLON

Suzlon Energy sells 5 wind farms in Brazil for $300 million

Greentech Lead America: Suzlon Energy, a wind turbine
maker in India, has sold five wind farms in Brazil for $300 million.

The buyers are a renewable-energy investment fund managed
by Banco do Brasil SA (BBAS3) and Banco Votorantim SA, and Oleoplan Group’s
Enerplan unit. The deal was arranged by Banco Pine SA, according to a report in
Valor Economico.

The five farms are located in Ceara state and comprise
136.5 megawatts of capacity.

Suzlon subsidiary bags Rs 367 crore contract from wind turbine
manufacturer

Recently, Suzlon Energy announced that its subsidiary
Seforge has signed a purchase agreement with a wind turbine manufacturer for
the supply of machined tower flanges, used for wind towers, over a period of
three years. The Rs 367 crore ($75 million) contract includes supply of flanges
for wind turbine towers for projects in India and international markets.

“This agreement, alongside recent agreements with
other tower manufacturers and a large European bearing producer, highlight
Seforge’s growing presence as an independent part supplier to wind and related
industries. We project that by FY13 50 percent of the our sales will be from
companies outside the Suzlon Group,” said Kamlesh Bhadani, CEO, Seforge.

Seforge will supply forged rings used in wind turbine
towers and bearings to all major wind turbine manufacturers in India. Its
forging facility at Vadodara, Gujarat is producing forged rings of maximum
diameter of 5.2 meters, with an annual capacity of between 40,000 to 60,000
rings.

editor@greentechlead.com