The company said it is transforming itself from a wind turbine manufacturer into a wind-first, full-stack renewable energy solutions provider with capabilities spanning wind, solar, battery energy storage systems (BESS), project execution, renewable energy development and asset management.
As part of the strategy, Suzlon aims to build a 15 GW order book by FY31, secure about 40% market share in India’s wind energy sector and generate 3 GW of export order intake. The company also expects its newly created renewable energy development business, RE DevCo, to contribute around 60% of overall volumes over the next five years.
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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.
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.
To strengthen its wind portfolio, Suzlon said it will focus on its next-generation “BlueSky” turbine platform, including the S175 5 MW and S163 6.3 MW turbines, alongside its existing range of products.The 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.
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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.
In addition, Suzlon 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.
Commenting on the strategy, Girish Tanti said the company aims to grow its renewable energy fleet under management four-fold to 70 GW and achieve annual renewable energy sales of 10 GW over the next five years.
Chief Executive Officer Ajay Kapur said RE DevCo would be the primary growth engine for Suzlon 2.0, helping the company target a 15 GW renewable energy order book and strengthen its leadership in the domestic wind market.
Alongside the business transformation, Suzlon unveiled a new brand promise — “Good Energies That Work” — reflecting its focus on delivering renewable energy solutions that are reliable, affordable, integrated and intelligent.
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.