Suzlon Seeks to Reach 10 GW Renewable Energy Sales and 70 GW in Assets Under Management by 2031

Suzlon Energy Unveils Ambitious Growth Plans

Suzlon Energy, a leading wind turbine manufacturer, has announced its plans to transform into a wind-first full-stack renewable energy solutions company. The company aims to integrate its businesses in wind, solar, and battery energy storage systems (BESS) to create a comprehensive platform for renewable energy delivery.

As part of its transformative growth phase, Suzlon 2.0, the company plans to build a 15 GW order book and 70 GW renewable energy Asset Under Management by 2031. It also aims to secure a 40% market share in the Indian wind market and achieve 3 GW of order intake from exports. The company's goal is to become one of the world's most integrated renewable energy companies.

Suzlon's wind business will continue to innovate market-defining turbines, while its solar business will adopt an asset-light model, leveraging ecosystem partnerships to solve the challenge of fragmented renewable procurement and execution. The company aims to grow its Asset Under Management to four-fold to 70 GW by FY31, creating a large annuity business.

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According to Girish Tanti, Vice Chairman, Suzlon Group, "As the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition. We deliver energy security through firm, reliable, and affordable wind-first, full stack renewable solutions- from concept to commissioning to lifetime asset management."

Note: The table represents the key targets set by Suzlon Energy for its various business segments.