Suzlon Energy has unveiled an expanded growth strategy, announcing plans to quadruple its annual renewable energy sales to 10 gigawatts and scale its Asset Under Management fourfold to 70 GW by FY31, as the wind turbine maker repositions itself as a full-stack clean energy company.
From wind OEM to full-stack RE player
Under the rebranded “Suzlon 2.0” framework, the Pune-headquartered company said it is transitioning from a pure-play wind original equipment manufacturer to a wind-first full-stack renewable energy solutions provider covering wind, solar, and battery energy storage systems (BESS). The new business architecture comprises four verticals: RE Tech, RE DevCo, RE Projects, and RE Asset Management Services.
The company also unveiled a new brand identity, “Good Energies That Work,” alongside the strategy.
RE DevCo as the growth engine
RE DevCo, described by the company as India’s first integrated co-development platform, is central to the FY31 plan. The platform converts renewable potential into execution-ready project sites through end-to-end capabilities covering land acquisition, grid connectivity, regulatory approvals, and project execution.
Chief Executive Officer Ajay Kapur said, “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. We aim to capture 60% of our volume contribution from RE DevCo, leading to 40% market share in the Indian wind market. We are targeting 15 GW of RE orderbook and 3 GW of export order intake by FY31.”
Wind remains Suzlon’s core business
The company is targeting approximately 40% market share in India’s wind market and aims to secure 3 GW of export order intake by FY31. Growth in the segment will be driven by the BlueSky product platform, which includes the S175 (5 MW) and S163 (6.3 MW) turbines, with the portfolio spanning 2 MW to over 6 MW.
On storage, the company said it plans to establish a BESS manufacturing facility by 2027 to address renewable energy intermittency and grid reliability. The facility will develop storage solutions tailored to Indian grid conditions.
Vice Chairman Girish Tanti said, “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. 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.”
Company financials
Suzlon reported revenues of over USD 1.75 billion for FY26 and held a market capitalisation of over USD 7.5 billion as of June 1, 2026, according to the press release. The company currently has approximately 21.5 GW of installed wind capacity across 17 countries, including 15.5 GW in India.
The orderbook target of 15 GW by FY31 compares with the company’s existing AUM of approximately 17.5 GW, implying a near-fourfold scale-up over five years.
