Suzlon Energy Limited unveiled a growth plan targeting 10 GW in annual renewable energy sales and 70 GW in assets under management by FY31. Suzlon is evolving from a pure-play wind OEM into a wind-first full-stack renewable energy solutions provider encompassing wind, solar, and battery energy storage systems. Suzlon also unveiled a new brand promise, Good Energies That Work.
SUZLON aims to build a 15 GW order book and secure 3 GW in export order intake while targeting approximately 40% market share in the Indian wind market by FY31. Suzlon plans to scale its annual renewable energy sales fourfold from current levels and grow its AUM fourfold, building a larger annuity-based business.
Suzlon unveiled a new business architecture comprising RE Tech Solutions, RE DevCo, RE Projects, and RE Asset Management Services. RE DevCo, described as India's first integrated co-development platform, is expected to contribute about 60% of volume by converting renewable potential into execution-ready sites through long-horizon partnerships of 3 to 5 years.
Growth will be driven by the BlueSky product platform featuring next-generation high-capacity turbines including the S175 (5 MW) and S163 (6.3 MW), alongside a portfolio spanning 2 MW to over 6 MW. Suzlon is entering the battery energy storage segment and plans to establish a BESS manufacturing facility by 2027 focused on intelligent storage solutions tailored to Indian grid conditions.
Suzlon has installed approximately 21.5 GW of wind energy capacity across 17 countries, including 15.5 GW in India. Suzlon reported revenues of over USD 1.75 billion for FY26 and a market capitalization of over USD 7.5 billion as of June 1, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.