Suzlon Energia Eolica do Brasil Ltda subsidiary of Suzlon Group the world's fifth leading wind turbine maker announced a new order from the Servtec Group to set up, operate and maintain a 24 MW wind power project in the state of Ceara, Brazil.

The project is a partnership between Servtec and the Brazilian investment fund manager, Rio Bravo Investimentos, and will comprise of 12 units of Suzlon's S95 2 MW wind turbines.

The project is scheduled to be commissioned in phases by December, 2013 and is expected to offset over 43,000 tones of CO2 annually. This is the second partnership between energy and engineering major Servtec and Suzlon, which already has 155 MW of wind capacity operating across four windfarms in Ceara.

Mr Lauro Fiuza chairman of the Board of Servtec Group said that "Suzlon is a market leader in Brazil and has immense experience of wind markets in emerging economies. We are confident to work with them in this second enterprise, they are the right partners for us in expanding our renewable energy footprint in Brazil. We look forward to a very rewarding long term relationship for both companies."

Mr Fabio Okamoto director of Rio Bravo Investimentos said that "Partnering with renowned companies such as Servtec and Suzlon gives us great confidence on the success of this project, one of our first investments in the growing Brazilian wind market."

Mr Arthur Lavieri CEO of Suzlon Energia Eolica do Brasil Ltda said that "We are very happy to be working on this second project with Servtec. This is a very important order for us as it underscores Servtec's satisfaction with the performance of our machines and services at the Bons Ventos' project. It is a validation of our technology, product and our commitment to our customers."

Mr Tulsi Tanti chairman of Suzlon Group said that "Brazil is today a very important economy on the world stage, and a leading adopter of wind energy. As Brazil deepens its commitment to powering economic growth on green energy, we are proud to bring our technology, service offerings and vast experience to this market. With the trust of renowned companies like Servtec, we are poised to make the most of Brazil's wind potential."

(Sourced from Equity Bulls)