INDIANS IN HOLLAND SELL WIND TO PORTUGESE IN TEXAS

India’s Suzlon gets 400 MW wind turbine order
October 8, 2007 (Reuters via Yahoo Finance India)
and
Horizon Wind Energy announces 400-Megawatt deal with Suzlon
October 8, 2007 (Horizon website)

WHO
Suzlon Wind Energy Corp (subsidiary of Suzlon Energy Ltd), Horizon Wind (a unit of Energias de Portugal)

from Wikipedia (click to enlarge)

WHAT
Suzlon has contracted to supply Horizon with 400 megawatts of turbine power and then provides maintenance and service.

WHEN
The contract requires Suzlon to deliver 200 megawatts in 2008 and 200 more in 2009.

WHERE
Horizon is based in Houston. It is owned by Portuguese wind energy giant Energias de Portugal. Suzlon was founded in India and is now based in Amsterdam.

WHY
- The turbines contracted for are 2.1 megawatt machines.
- The turbines will be dispersed to a wind variety of Horizon projects.
- Suzlon will also be responsible for maintenance and service, requiring expansion of Suzlon’s operations.

from Wikipedia (click to enlarge)

QUOTES
Andre Horbach, CEO, Suzlon: “The wind power market is becoming less segmented, as it quickly transitions into a truly global business with transactions occurring across continents all the time…Suzlon’s global structure and vertical integration strategy complement this dynamic shift, so we believe the company is well-structured to help Horizon Wind reach its goals in the U.S.”