“The market is now mature, where instead of trying to do a sum-of-the-parts job by the developers, they are comfortable having somebody take the responsibility,” Tanti said.
As part of the strategy, Suzlon aims to build a 15 GW order book by FY31, secure about 40% market share (from the present 33%) in India’s wind energy sector, and generate 3 GW of export order intake.
AgenciesGroup positioning itself as turnkey solutions provider for a significant share across ecosystem
The company, with a market capitalisation of nearly ₹75,000 crore, also expects its newly created renewable energy development business, RE DevCo, to contribute around 60% of overall volumes over the next five years.
The company has reorganised its operations into four business verticals-RE Tech, RE DevCo, RE Projects and RE Asset Management Services-to drive future growth.
“Therefore, the first thing that we are bringing to the market is moving from a pure wind to wind-led FDRE (firm and dispatchable renewable energy) solution,” he said.
Cells SellThe company also announced its entry into battery energy storage systems, with plans to establish a BESS manufacturing facility by 2027. The facility will develop storage solutions tailored to Indian grid requirements and help address intermittency and grid reliability challenges associated with renewable energy.
Suzlon’s RE DevCo business has been positioned as an integrated co-development platform that will support customers through land acquisition, grid connectivity, regulatory approvals, and project execution. The company said the platform is designed to accelerate project readiness and reduce time-to-market for renewable energy projects.
“Devco is now going to become the growth engine for the company,” said Tanti, adding that with Devco, the company is bringing to customers projects that can go live in three to five years,” Tanti said. “We have a rich development pipeline of wind of 20 GW-plus, of which about 8 GW is mature. We can offer it to customers for tie-ups and delivery in years three, four, and five.”
Ajay Kapur, CEO, Suzlon Group, said that demand for wind energy is coming very strongly from all sectors. “Today if I can deliver 15 GW of wind, there is enough demand. But we can’t do it today. Even this year, we will reach a little over 8 GW as an industry. The idea is how do we increase the volume of wind from 6-8 GW annually to 15 GW in the next 2-3 years and for that, Devco is very important.”
Suzlon also plans to scale up its engineering, procurement and construction (EPC) business to deliver integrated wind, solar and storage projects, while expanding its asset management services across wind, solar, hybrid and multi-brand renewable portfolios.
Under its technology business, Suzlon plans to offer integrated renewable energy solutions combining wind, solar, battery storage, and energy management services. While wind energy will remain the company’s core business, it will pursue an asset-light strategy in solar through ecosystem partnerships, Tanti added.
Internationally, the company said it is seeing a good demand for repowering of its turbines globally.
“We have found an innovative solution by retaining the foundation and tower and changing the nacelle and rotor, upgrading the turbine to deliver 50% more energy. The 3 MW platform has received a positive response from select European markets such as France and the UK,” said Tanti.
Suzlon currently has around 21.5 GW of installed wind energy capacity globally, including 15.5 GW in India, and reported FY26 revenues of more than $1.75 billion. The company employs over 8,500 people and operates across 17 countries.