Chennai: Wind energy equipment manufacturer Suzlon Group has announced the next phase of its growth strategy, branded as 'Suzlon 2.0'. The company aims to quadruple its annual renewable energy sales to 10 gigawatts (GW) and expand its assets under management (AUM) to 70 GW by the fiscal year 2030-31 (FY31). In FY26, Suzlon supplied approximately 2.5 GW of wind turbines, marking its highest annual deliveries to date.
Investment and Targets
The company plans to invest Rs 2,500 crore over the next five years. Under the new strategy, Suzlon aims to grow its renewable energy order book to 15 GW from 5.7 GW in March 2026. The FY31 targets will be supported by an estimated 40 percent share of India's wind market, 3 GW of export order intake, and a shift towards a higher-value product mix. Around 60 percent of volumes are expected to come from its newly created renewable energy development platform, RE DevCo.
Leadership Vision
Girish Tanti, Vice Chairman of Suzlon Group, stated, "As the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition."
Market Context
India currently has 56 GW of installed wind capacity and is targeting 100 GW by 2030, supported by a strong pipeline of STU and PSU bids and rising demand from the commercial and industrial (C&I) segment. Repowering activity is also gaining traction. In the latest earnings call, CEO Ajay Kapur noted that demand for wind energy remains strong as the industry moves towards firm and dispatchable renewable energy (FDRE). In FY26, annual wind power installations crossed 6 GW, the highest capacity addition since 2017.
Business Transformation
Suzlon, traditionally a wind turbine manufacturer, is transforming into a wind-first, full-stack renewable energy solutions provider. The company now offers wind, solar, battery energy storage systems (BESS), project development, EPC, and asset management services.
Battery Storage Expansion
As part of its expansion, Suzlon plans to enter the battery storage segment with an initial investment of Rs 200 crore. The company will set up a BESS manufacturing facility by 2027 to address renewable energy intermittency and grid reliability requirements.
