Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTNovember 18 (SeeNews) - Indian wind turbine maker Inox Wind Ltd (BOM:539083) said Thursday it will deliver and install 40 MW of its machines for a project in Gujarat state under a repeat turnkey order from Roha Dyechem Pvt Ltd.
As part of the new contract, Inox Wind will provide services ranging from development and construction to commissioning of the plant. In addition, it will also provide operations and maintenance (O&M) services over the long term.
The company will supply and erect 20 pieces of its 2-MW wind turbines with a 113-metre diameter rotor. Their commissioning is scheduled for March 2017.
Roha Dyechem manufactures natural and synthetic colours for various industries, ranging from food and beverages to cosmetics. As part of its diversification into the renewable energy segment, it has so far invested in 52.5 MW and 13.5 MW of photovoltaic (PV) and wind capacity, respectively. It’s ultimate goal is 500 MW, according to the statement.
The contract is part of the repeat orders for a total of 350 MW from several customers at home, which were announced by Inox at the start of October. Combined, they are worth over INR 20 billion (USD 290m/EUR 271m).
(INR 10 = USD 0.145/EUR 0.136)
Weekly renewables M&A round-up (May 23-27)
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