𝐄𝐱𝐞𝐥 𝐚𝐧𝐝 𝐒𝐮𝐳𝐥𝐨𝐧 𝐝𝐞𝐞𝐩𝐞𝐧 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐰𝐢𝐧𝐝 𝐩𝐨𝐰𝐞𝐫 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐧𝐝 𝐬𝐢𝐠𝐧 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐯𝐚𝐥𝐮𝐞 𝐞𝐱𝐜𝐞𝐞𝐝𝐢𝐧𝐠 𝐄𝐔𝐑 𝟏𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧

Exel Composites and Suzlon Energy Limited are expanding their collaboration with a new multi-year supply agreement for pultruded carbon fiber planks used in wind turbine blade spar caps. At the time of signing, the parties estimated that the potential value of future deliveries under the agreement will exceed EUR 100 million through March 2029.

Under the agreement, Exel Composites’ India-based joint venture Kineco Exel Composites India (KECI) will supply an agreed share of Suzlon’s requirements for the products covered by the agreement. The final value and timing of deliveries may vary depending on Suzlon’s actual production requirements and the resulting order volumes.

Building on an established partnership

The agreement builds on a collaboration that began in 2024 and supports the continued ramp-up of Exel’s manufacturing operations in India. Exel and Suzlon began working together in 2024 under a two-year supply agreement. The collaboration led to the approximately EUR 10 million purchase order announced by Exel in February 2025, when the parties had agreed not to disclose Suzlon’s name.

The new agreement continues the collaboration and covers deliveries through March 2029, providing a longer-term framework for the companies to plan sourcing and production.

“We are pleased to further strengthen our cooperation with #KinecoExel through this multi-year agreement. Reliable supply, consistent product quality and local manufacturing capability are important in supporting our wind turbine blade programs and sourcing requirements,” says Amit Agrawal, Senior Vice President, Global Procurement at #SuzlonEnergy Limited.

Growing wind power manufacturing capability in India

All products supplied under the agreement will be manufactured at Kineco Exel’s factory in India. The factory has been designed to serve the wind power industry in India and globally, and the agreement supports its continued ramp-up and utilization.

Carbon fiber composites for modern wind turbine blades

Spar caps are essential structural components within #windturbineblades. #Carbonfiberplanks provide the strength, stiffness and load-bearing capacity needed to withstand the dynamic forces encountered during operation.

As wind turbines continue to increase in size, carbon fiber composites play an important role in meeting the demanding mechanical requirements of modern wind turbine blades.

source : Exel Composites