Suzlon Energy’s arm RE POWER bags largest onshore project

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As per the contract, REpower will deliver, install and commission 54 MM82 turbines and 96 MM92 turbines

Suzlon Group announced that REpower Systems AG - in which Suzlon Energy is the majority shareholder with a holding of over 90% and Saint-Laurent Energies (SLE) have concluded a contract for the delivery of 150 wind turbines. In two phases, REpower will deliver, install and commission 54 MM82 turbines and 96 MM92 turbines. The turbines have a total power of 300 megawatt (MW) and are destined for the Lac Alfred wind farm project in the Canadian province of Quebec. This contract marks the largest onshore project to date for the company.

Lac Alfred will be installed in two phases -- the first 75 turbines are to be commissioned by December 2012, while the remaining 75 turbines will enter operation in 2013. The turbines are from the MM series with a hub height of 80 meters and a rated power of 2.05 megawatts (MW) each.

But we don’t know how the company is going to meet it’s working capital requirements to execute this order

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