Suzlon 2.0: Charging Up for a 70 GW Renewable Future

Suzlon Group has unveiled its ‘Suzlon 2.0’ strategy, outlining a comprehensive transformation from a wind turbine manufacturer into an integrated renewable energy solutions company.

The new growth roadmap focuses on expanding the company’s presence across the renewable energy value chain, including project development, engineering, procurement and construction (EPC), asset management, energy storage and related clean energy services. Through this strategic shift, Suzlon aims to position itself as a diversified player capable of delivering end-to-end renewable energy solutions for domestic and international markets.

As part of its long-term expansion plans, the company has set ambitious targets for FY2031, including achieving annual renewable energy sales of 10 GW, representing a fourfold increase over current levels. Suzlon also aims to expand its renewable energy assets under management to 70 GW, increase its order book to 15 GW and secure export orders totalling 3 GW.

A key component of the strategy involves diversification into the battery energy storage systems (BESS) segment. The company plans to establish a dedicated BESS manufacturing facility by 2027 to support the growing demand for energy storage solutions and enhance the reliability of renewable power systems.

Suzlon also intends to strengthen its EPC capabilities to deliver integrated wind, solar and energy storage projects, enabling customers to access comprehensive clean energy infrastructure solutions. In addition, the company expects asset management services across multiple renewable energy platforms to emerge as a significant source of recurring revenue, supporting sustainable long-term growth.

The ‘Suzlon 2.0’ strategy reflects the company’s commitment to capitalising on emerging opportunities in the renewable energy sector while strengthening its position in India’s rapidly expanding clean energy market and contributing to the country’s energy transition goals.

News by Rahul Yelligetti.