Suzlon Energy has unveiled its growth ambition of achieving 10 GW RE sales and 70 GW of Asset Under Management (AUM) by 2031.
According to a BSE filing, the company plans to build a 15 GW order book and establish itself as a wind-first full-stack renewable energy solutions company. This move is expected to strengthen Suzlon’s position in the renewable energy sector.
The company’s new business architecture will comprise RE Tech, RE DevCo, RE Projects, and RE Asset Management. This integrated platform will enable Suzlon to deliver renewable energy solutions at scale with speed, certainty, and long-term performance.
The company aims to achieve 40% market share in India’s wind market and secure 3 GW of order intake from exports by 2031.
Suzlon’s wind business will continue to be a core growth engine, with a focus on innovating market-defining turbines. The company will also foray into intelligent battery energy storage systems (BESS) to make renewable energy more reliable and dispatchable.
This move will help Suzlon to address the challenges of renewable energy intermittency and grid reliability.
The company’s RE DevCo business will be the new growth engine, with a target of 60% volume contribution. Suzlon plans to establish a BESS manufacturing facility by 2027, focused on developing intelligent storage solutions tailored to Indian grid conditions.
This will enable the company to provide a comprehensive range of renewable energy solutions to its customers.
Suzlon’s growth ambition is expected to have a significant impact on the renewable energy sector in India. With its new business architecture and plans to build a strong order book, Suzlon is well-positioned to achieve its goals and become one of the leading players in the sector.
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