+
Suzlon Targets 10 GW Annual Renewable Sales And 70 GW AUM By FY31
POWER & RENEWABLE ENERGY

Suzlon Targets 10 GW Annual Renewable Sales And 70 GW AUM By FY31

Suzlon Group unveiled its Suzlon 2.0 strategy to broaden its role from a wind turbine manufacturer into a full renewable energy solutions provider. The company set a target to raise annual renewable energy sales to 10 gigawatt (GW) by FY31 and to expand assets under management (AUM) to 70 GW. It intends to increase its order book to 15 GW and to secure three GW of export orders by FY31 while aiming for a 40 per cent share of India's wind energy market. The plan covers energy development, project execution, asset management and storage.

Suzlon will continue turbine manufacturing while moving into adjacent segments, including solar and storage. The company plans to enter the battery energy storage systems (BESS) market and to establish a manufacturing facility by 2027 to support grid stability and renewable integration. Its engineering, procurement and construction (EPC) platform will be expanded to deliver integrated wind, solar and storage projects. The renewable energy development arm will provide end-to-end project development services, including land acquisition, grid connectivity and regulatory approvals.

The group expects the renewable development business to contribute 60 per cent of overall volume by FY31 and views asset management as a source of recurring revenue. It will broaden offerings across wind, solar, hybrid and multi-brand assets and scale operations and maintenance capabilities as its managed portfolio grows. Suzlon plans to scale its order book and AUM fourfold and to pursue export opportunities to diversify revenue streams. The roadmap is intended to accelerate project delivery and to deepen the company's presence in domestic and international markets.

The strategy signals a shift towards integrated solutions that combine manufacturing, development and long-term asset services. Execution will focus on building manufacturing, project execution and service capacities while pursuing market share in India and abroad. The company anticipates that the combined initiatives will strengthen recurring revenue and support the energy transition. Industry participants will monitor progress against the FY31 targets.

Suzlon Group unveiled its Suzlon 2.0 strategy to broaden its role from a wind turbine manufacturer into a full renewable energy solutions provider. The company set a target to raise annual renewable energy sales to 10 gigawatt (GW) by FY31 and to expand assets under management (AUM) to 70 GW. It intends to increase its order book to 15 GW and to secure three GW of export orders by FY31 while aiming for a 40 per cent share of India's wind energy market. The plan covers energy development, project execution, asset management and storage. Suzlon will continue turbine manufacturing while moving into adjacent segments, including solar and storage. The company plans to enter the battery energy storage systems (BESS) market and to establish a manufacturing facility by 2027 to support grid stability and renewable integration. Its engineering, procurement and construction (EPC) platform will be expanded to deliver integrated wind, solar and storage projects. The renewable energy development arm will provide end-to-end project development services, including land acquisition, grid connectivity and regulatory approvals. The group expects the renewable development business to contribute 60 per cent of overall volume by FY31 and views asset management as a source of recurring revenue. It will broaden offerings across wind, solar, hybrid and multi-brand assets and scale operations and maintenance capabilities as its managed portfolio grows. Suzlon plans to scale its order book and AUM fourfold and to pursue export opportunities to diversify revenue streams. The roadmap is intended to accelerate project delivery and to deepen the company's presence in domestic and international markets. The strategy signals a shift towards integrated solutions that combine manufacturing, development and long-term asset services. Execution will focus on building manufacturing, project execution and service capacities while pursuing market share in India and abroad. The company anticipates that the combined initiatives will strengthen recurring revenue and support the energy transition. Industry participants will monitor progress against the FY31 targets.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code