Suzlon Group has outlined an ambitious growth roadmap under its ‘Suzlon 2.0’ strategy, signaling a transition from its traditional role as a wind turbine manufacturer to a comprehensive renewable energy solutions company.
The strategic transformation is designed to broaden the company’s footprint across the renewable energy value chain, encompassing project development, engineering, procurement and construction (EPC), asset management, and energy storage solutions. Through this expanded business model, Suzlon aims to strengthen its position as an integrated clean energy player while capitalizing on the growing demand for sustainable power infrastructure.
As part of its long-term vision, the company has set a target of achieving annual renewable energy sales of 10 GW by FY31, representing a substantial increase over current levels. Suzlon also plans to expand its renewable energy assets under management to 70 GW and build an order book of 15 GW during the same period. International markets are expected to play a greater role in its growth strategy, with the company targeting 3 GW of export orders.
A key component of the diversification plan involves entering the battery energy storage systems (BESS) segment. To support this initiative, Suzlon intends to establish a dedicated manufacturing facility by 2027, enabling the company to address the increasing need for energy storage solutions that complement renewable power generation.
The company is also enhancing its EPC capabilities to offer integrated wind, solar, and storage projects, providing customers with end-to-end renewable energy solutions. In parallel, asset management services across multiple renewable platforms are expected to emerge as a significant source of recurring revenue, contributing to long-term business stability and growth.
With this strategic shift, Suzlon is positioning itself to play a broader role in India’s clean energy transition while expanding its presence across domestic and global renewable energy markets.