ReNew Power Ventures, India's leading clean energy company, has issued a repeat order to Inox Wind for a 5o MW wind power project to be executed in the state of Gujarat in India. ReNew Power is India's leading Independent Power Producer of clean energy with more than 3,000 MW of commissioned and under construction assets.
This is a turnkey project and is scheduled to be commissioned by March 2017. The 5o MW order from ReNew Power is part of the 350 MW of orders announced by Inox Wind on October 3, 2016.
As part of the order, Inox will supply and install 25 units of its advanced 2MW DFIG 113 rotor dia Wind Turbine Generators (WTGs) for Renew Power. Inox Wind's 113 meter rotor dia WTG is the newest variant of the company's market leading 2 MW platform. It significantly increases Annual Energy Production and is especially suited for low wind segments in the country.
"The repeat order has further boosted Inox's stron happy that ReNew Power has again expressed fail and we look forward to strengthening this relation partner with ReNew Power in providing clean, sus footprint," said Kailash Tarachandani, chief executive officer of Inox Wind.
Shares of the company gained Rs 2.50, or 1.12%, to trade at Rs 225.90. The total volume of shares traded was 7,299 at the BSE (9.51 a.m., Monday).