Strategic Transformation and Growth Ambition

Suzlon is evolving from a pure-play wind OEM to a wind-first full-stack renewable energy solutions company under its Suzlon 2.0 strategy. The company has unveiled a new business architecture comprising four key divisions: RE Tech (Wind + Solar + BESS + Energy Management Service), RE DevCo, RE Projects, and RE Asset Management.

FY31 Financial and Operational Targets

By FY31, Suzlon aims to:

  • Expand annual renewable energy sales fourfold to 10 GW
  • Grow order book to 15 GW
  • Scale Asset Under Management (AUM) fourfold to 70 GW
  • Achieve ~40% market share in India's wind market
  • Secure 3 GW of order intake from exports
  • Target ~60% volume contribution from RE DevCo

Business Segment Details

Wind Business:

  • Core growth engine with continued market leadership
  • Product portfolio includes next-generation turbines: S175 (5 MW) and S163 (6.3 MW)
  • Comprehensive portfolio spanning 2 MW to 6+ MW capacity

Storage Business:

  • Foraying into intelligent battery energy storage systems (BESS)
  • Plans to establish BESS manufacturing facility by 2027
  • Focus on developing intelligent storage solutions tailored to Indian grid conditions

RE DevCo:

  • India's first integrated co-development platform
  • Converts renewable potential into execution-ready sites at scale
  • Built on long-horizon partnerships of 3-5 years
  • Provides end-to-end development capabilities across land, grid connectivity, approvals and project execution

RE Projects:

  • Scaling EPC platform to deliver integrated Wind, Solar and BESS projects
  • Focus on speed, quality and predictability in project execution

RE Asset Management Services:

  • Expanding services across wind, solar, hybrid and multi-brand portfolios
  • Leveraging digital pathways and nationwide service network
  • Focus on maximizing asset performance across lifecycle

Management Commentary

Girish Tanti, Vice Chairman, Suzlon Group: "We deliver energy security through firm, reliable, and affordable wind-first, full stack renewable solutions- from concept to commissioning to lifetime asset management. In the next 5 years, we aim to grow our renewable fleet under management by 4x to 70 GW and annual RE sales of 10 GW."

Ajay Kapur, Chief Executive Officer, Suzlon Group: "RE DevCo will be the growth engine of Suzlon 2.0. As India's first integrated renewable energy co-development platform, it is designed to solve the industry's biggest challenge by accelerating project readiness, scale, and reducing time-to-market."

Dharini Mishra, Chief Brand and Reputations Officer, Suzlon Group: "The world no longer needs just more clean energy - it needs clean energy that works. As energy becomes the foundation of economic growth and human progress, reliability matters as much as sustainability."

Company Background and Financial Position

  • FY26 revenues: USD 1.75+ billion
  • Market capitalization: USD 7.5+ billion as of June 1, 2026
  • ~21.5 GW of wind energy capacity installed across 17 countries (15.5 GW in India, ~6 GW globally)
  • 8,500+ employees worldwide
  • Headquartered at Suzlon One Earth in Pune, India

Brand Promise

The company unveiled its new brand promise: "Good Energy That Works" which represents their commitment to delivering renewable energy that is dependable, accessible, affordable, integrated and intelligent.