Suzlon Gets $117 Million Turbine Order for German Wind ProjectsJustin Doom
Suzlon Energy Ltd., the wind-turbine maker involved in India’s biggest convertible bond default in October, sold 90 million euros ($117 million) of systems in Germany.
Suzlon’s REpower Systems unit will supply 27 turbines for four community wind projects in northern Germany, according to a statement today from the Pune, India-based company.
Suzlon will deliver the turbines through 2014 and maintain them for at least 15 years, according to the statement.
Community wind farms are responsible for about half of REpower’s orders in Germany in the fiscal year that ended in March, the company said.