Inox Wind signs deal for SECI-1 100 MW capacity with Adani Green Energy
Inox Wind Ltd has closed a deal for developing a 100MW wind power project for Adani Green Energy, a part of the Adani group at Kutch in the state of Gujarat. The capacity was won under the round 1 of SECI bids for wind power projects connected on the central grid. The project is scheduled to be executed over the next 6-9 months and will be executed on a turnkey basis. As part of the order, the Company will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) of 120m Hub height & 113m Rotor diameter. The 113 rotor diameter WTG has one of the highest swept areas that make it ideally suited to maximise returns in low wind areas. Inox Wind’s Kutch site would become one of the largest wind farms in India post execution of capacities expected to be won in future rounds of SECI & state auctions.
As part of the turnkey order, Inox Wind will be responsible from development and construction to commissioning and will provide long term operations and maintenance services.
Mr Jayant Parimal, CEO, Adani Green Energy said, “This order positions Adani Green Energy as the leader in India’s wind energy sector in the auction regime. Due to the ongoing shift in the wind power sector, we are at a juncture where clean energy resources will define our future. With the aspiration to ‘Thinking Big, Doing Better’, Adani Green Energy has a wellarticulated growth plan to increase its renewable power capacity to 10,000 MW by 2021 and contribute to the country’s growth and progress. Inox Wind has been our partner of choice and we are delighted to be working with them again.”
Mr. Kailash Tarachandani, Chief Executive Officer of Inox Wind Limited said, “We are delighted with signing the deal for 100MW of SECI-1 order with India’s leading IPP, Adani Green Energy, at the Kutch wind farm in Gujarat. We believe that Inox Wind would be a major beneficiary in the auction based market regime, due to its inherent cost-competitive advantage and the upcoming SECI & State auctions will begin a new phase of robust growth for the wind industry critical for reaching the 60 GW wind power capacity goal by 2022 for the country.”
Source: Equity Bulls
