ReNew Power Issues 50 MW Repeat Order to Inox Wind
  • Inox Wind to supply and install 25 units of its 113 m rotor diameter turbines to ReNew Power
  • Project to be commissioned in Gujarat by March 2017
  • Multi-year operation & maintenance contracts

Noida, 24th October 2016:ReNew Power Ventures Pvt. Ltd., India’s leading clean energy company, has issued a repeat order to Inox Wind for a 50 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 50 MW order from ReNew Power is part of the 350 MW of orders announced by Inox Wind on 3rd October 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.
Balram Mehta, EVP and Head Wind, ReNew Power said, “This repeat order further positions ReNew Power as the preeminent company in India’s clean energy sector. Our operational excellence is a function of long standing partnerships with our suppliers, Inox being one of our valued partners. We are at a juncture where technology and innovation in clean energy resources will define our future.”
“The repeat order has further boosted Inox’s strong order book with major IPPs in India.  We are happy that ReNew Power has again expressed faith in Inox’s technology, capabilities and services and we look forward to strengthening this relationship further in the future. We are very pleased to partner with ReNew Power in providing clean, sustainable energy and reducing the nation’s carbon footprint” said Mr. Kailash Tarachandani, Chief Executive Officer of Inox Wind Limited in his statement.

ABOUT RENEW POWER:

ReNew Power Ventures Pvt. Ltd, an Independent Power Producer (IPP) company, is committed to leading change in the country’s current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India’s carbon footprint.  ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable and socially responsible manner.  The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. ReNew Power has more than 3,000 MW of commissioned and under-construction clean energy capacity across nine states in India. In March 2016, ReNew Power became the first company to cross 1,000 MW of commissioned capacity in wind and solar energy in India. The company is backed by marquee investors such as Goldman Sachs, Abu Dhabi Investment Authority, Asian Development Bank, and Global Environment Fund and has an asset base worth $2 billion.

ABOUT INOX WIND:

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind is a fully integrated player in the wind energy market with three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh. The plant near Ahmedabad (Gujarat) manufactures Blades & Tubular Towers while Hubs & Nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades, towers and will manufacture nacelles and hubs. The facility at M.P., which will be amongst the largest in the world, has doubled Inox Wind’s manufacturing capacity to 1,600 MW per annum.
IWL manufactures key components of WTGs in-house to maintain high quality, most advanced technology, reliability and cost competitiveness. IWL has obtained ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to manufacturing, installation, commissioning and O&M of wind turbines.
IWL offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, IWL offers services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and long term O&M of wind power projects.

For more information please contact:

Dheeraj Sood
Head – Investor Relations
Inox Group
Phone: 0120-6149 600
Email- dheeraj.sood@inoxwind.com