Suzlon Secures 838 MW Wind Order From Tata Power Renewable Energy
Suzlon Group (NSE: SUZLON) announced it has secured an 838 MW order from Tata Power Renewable Energy Limited (TPREL), marking its largest order of fiscal year 2026 and second-largest ever after a 1,544 MW contract with NTPC Green Energy.
The deal is part of India’s growing Firm and Dispatchable Renewable Energy (FDRE) projects, which combine renewable capacity with grid integration to deliver reliable, round-the-clock clean power. The project will deploy 266 units of Suzlon’s S144 wind turbines (3.15 MW each) across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW).
This is Suzlon’s third repeat order from TPREL, underscoring a longstanding partnership. TPREL has pledged to transition to 100% clean power by 2045, making large-scale FDRE deployments central to its strategy.
FDRE projects are increasingly shaping India’s renewable sector by providing dispatchable clean power that reduces reliance on thermal backup. They represent a key step in meeting India’s target of 500 GW of non-fossil fuel capacity by 2030 and supporting the government’s "One Grid" vision for nationwide integration.
Suzlon Vice Chairman Girish Tanti said the order highlights the role of “Made in India” wind technology in building scalable, cost-efficient, grid-stable clean energy solutions. CEO JP Chalasani added that TPREL’s high standards are pushing the industry toward delivering wind power as a core component of India’s 24/7 renewable energy mix.
Global Headwinds Hit Australian Wind Energy
The Australian state of Victoria said on Tuesday it would delay its first offshore wind auction amid challenging investment climate in the sector, in another blow to Australia’s offshore wind ambitions.
The offshore wind auction in Gippsland, initially slated to be held this month, will be delayed until at least by the end of 2025, by which time the Victoria government would unveil a new timeline.
“As the global market for offshore wind investment changes, we're making sure the auction is competitive and attractive and will release a new timeline for this process later this year,” Victoria’s Energy Minister Lily D'Ambrosio said in a statement carried by ABC News.
In recent months, Norwegian energy major Equinor has walked away from a third offshore wind development project in Australia in another blow to the federal government’s plan to build an offshore wind industry.
Earlier this year, Equinor quietly walked away from the Bass Offshore Wind Energy project near the coast of Tasmania, as the oil and gas giant reduced its investments in renewables to boost returns for shareholders and adapt to an “uneven energy transition.”
Setbacks in the offshore wind sector are not unique to Australia.
The global offshore wind industry continues to face significant headwinds relating to supply chain, regulatory, and macroeconomic developments.
Germany’s latest offshore wind auction without government subsidies failed to attract a single bid last month, alarming the local offshore wind sector, which is calling for a fundamental redesign of Germany’s renewable energy auctions.
Ørsted, the world’s biggest offshore wind project developer, in May warned of a continued challenging environment for the industry.
Ørsted’s shareholders last week approved a proposed $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders to cover immediate financing needs amid regulatory uncertainties in the U.S.
“We’re raising capital to cover immediate financing needs from retaining full ownership of Sunrise Wind, to manage risks from regulatory uncertainty in the US, and to strengthen Ørsted’s capital structure so we can deliver on our growth pipeline and long-term value creation,” president and CEO, Rasmus Errboe, said in a statement on Monday.
By Tsvetana Paraskova for Oilprice.com
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