World's fifth largest wind turbine maker Suzlon Energy on Monday said its European and Latin American marketing arm Suzlon Wind Energy A/S has bagged an order from Spain.
Suzlon Wind Energy A/S, Denmark, has bagged an order for supplying 42.5 MW wind turbines from Eolia Renovables SRC SA and Iniciativas Energticas SA.
"We are very pleased to partner with Eolia Renovables SRC and Iniciativas Energticas SA. We have a winning combination with Suzlon's EPC experience and the clients' considerable experience in the Spanish energy market," Suzlon Wind Energy A/S CEO Erik Winter Pedersen said in a statement.
Suzlon would start executing the contract for turnkey erection of a wind farm Jerez (42.5 MW) by installing 22 units of Suzlon's S88 2.1 MW turbines, it said.
Suzlon Group CEO Andre Horbach said: "Its vital for us to be present in one of the largest markets for renewable energy in the world." Spain has an installed capacity exceeding 11,000 MW and is estimated to have yearly installations of around 2,000 MW from 2008-2011.
Shares of Suzlon Energy closed at Rs 2,169.95 each, up by 6.80%, on the BSE.