Suzlon Energy has unveiled an ambitious five-year growth roadmap under its Suzlon 2.0 strategy, targeting a fourfold increase in annual renewable energy sales to 10 GW, a 15 GW orderbook and a fourfold expansion in assets under management (AUM) to 70 GW by FY31.
The renewable energy company said it is entering a transformative phase aimed at evolving from a pure-play wind turbine manufacturer into a fully integrated renewable energy solutions provider spanning development, execution, storage and asset management.
Suzlon 2.0 to drive next growth phase
Suzlon said its new business architecture will be built around four key verticals — Wind-First Full Stack Renewable Energy Solutions, RE DevCo, RE Projects and RE Asset Management.
The integrated platform is designed to provide end-to-end renewable energy solutions, from project development and execution to long-term asset management, while delivering greater speed, reliability and efficiency for customers.
The company expects the strategy to be supported by a 40% share of India’s wind energy market, 3 GW of export order intake and a greater contribution from higher-value businesses.
Targets 15 GW orderbook by FY31
As part of the plan, Suzlon aims to expand its renewable energy orderbook to 15 GW by FY31.
The company expects RE DevCo, its renewable energy co-development platform, to emerge as the primary growth engine, contributing around 60% of total project volumes over the next five years.
According to Suzlon, the platform is designed to address one of the sector’s biggest challenges—project readiness—by managing land acquisition, grid connectivity, approvals and project execution under a single framework.
Expanding beyond wind into integrated renewable solutions
Suzlon said it is positioning itself as India’s first full-stack renewable energy company, offering integrated solutions across wind, solar, battery energy storage systems (BESS) and energy management services.
Growth will be supported by the company’s next-generation “BlueSky” wind turbine platform, including the S175 (5 MW) and S163 (6.3 MW) turbines, alongside its existing portfolio ranging from 2 MW to 6 MW.
The company believes the integrated approach will help customers accelerate renewable energy deployment while improving project economics and reliability.
Foray into battery storage manufacturing
As part of its diversification strategy, Suzlon is entering the battery energy storage systems segment. The company plans to establish a BESS manufacturing facility by 2027 to develop intelligent storage solutions tailored to Indian grid requirements.
Management said energy storage will play a crucial role in addressing renewable energy intermittency and improving grid stability as renewable penetration increases.
Asset management business set for fourfold growth
Suzlon also plans to significantly scale its asset management services business, targeting a fourfold increase in AUM to 70 GW by FY31.
The company intends to expand services across wind, solar, hybrid and multi-brand renewable portfolios, creating a large annuity-based revenue stream.
Leveraging digital technologies and its nationwide service network, Suzlon aims to maximize asset performance, reliability and lifecycle returns for customers.
RE DevCo to be key growth driver
Suzlon Group Chief Executive Officer Ajay Kapur described RE DevCo as the cornerstone of the company’s next growth phase.
He said the platform is designed to accelerate project readiness, reduce time-to-market and help customers scale renewable energy portfolios more efficiently.
Kapur added that Suzlon is targeting a 40% share of India’s wind market, alongside a 15 GW renewable energy orderbook and 3 GW of export order intake by FY31.
Betting on the global electrification wave
Suzlon Group Vice Chairman Girish Tanti said the company is positioning itself to capitalize on the global electrification super-cycle and growing demand for reliable renewable energy.
According to Tanti, Suzlon’s integrated approach will enable the company to deliver energy security through wind-first renewable energy solutions spanning project development, commissioning and lifetime asset management.
Over the next five years, the company aims to build one of the world’s most integrated renewable energy platforms while significantly expanding its managed renewable energy fleet and annual sales volumes.