Suzlon Energy Ltd has announced an ambitious diversification plan under its 'Suzlon 2.0' strategy, transforming from a wind power manufacturer to a comprehensive renewable energy solutions provider. According to reports from The Economic Times, the company will expand into wind, solar, and battery storage systems while maintaining a capital-light approach. The wind energy pioneer is positioning itself as an end-to-end service provider covering the entire renewable energy value chain, from land identification and permits to project construction, grid connectivity, and lifetime maintenance. Speaking to NDTV Profit, Group CEO Ajay Kapoor confirmed that the company's 'Suzlon 2.0' strategy will continue to keep wind energy at the core while adding solar, battery energy storage systems (BESS) and energy management services to its offerings, stating that "Our customers are looking at not just wind, but the entire RE stack."
The company has set aggressive targets for 2031, aiming to build an orderbook of 15 gigawatts across wind, solar, and battery energy storage systems (BESS), compared to its current wind-only orderbook of 5.7 gigawatts. As reported by CNBC TV18, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, up from its current wind-exclusive capacity of 2.5 gigawatts. The company is also targeting 70 gigawatts of assets under management (AUM), significantly higher than its present 18 gigawatts. Additionally, Suzlon aims to secure 3 GW of export orders by FY31, with Europe and Australia identified as key international growth markets. According to The Economic Times, Girish Tanti, vice chairman, confirmed that the company aims to "build a 15 GW order book by FY31, secure about 40% market share (from the present 33%) in India's wind energy sector, and generate 3 GW of export order intake."
The cornerstone of Suzlon's diversification plan is its renewable energy DevCo (development company), which will identify suitable sites for wind project development and apply for connectivity permits. According to The Economic Times, the company has allocated ₹500 crore to the DevCo to be used for locking land and grid transmission connectivity. Suzlon aims to achieve 60% of its wind turbine sales through this division, with CEO Ajay Kapur stating that the DevCo will serve as the magnet to attract customers. The company has identified sites sufficient to develop 25 gigawatts of wind energy, with many sites also supporting solar plant development. As per CNBC TV18, the RE DevCo business is expected to emerge as the primary growth engine, contributing nearly 60% of total volumes over the next five years. Speaking to The Economic Times, Girish Tanti confirmed that "Devco is now going to become the growth engine for the company" and that "with Devco, the company is bringing to customers projects that can go live in three to five years." The company has identified 8-10 gigawatts of advanced wind project sites and is building long-term partnerships around them, with Tanti stating that "We have a rich development pipeline of wind of 20 GW-plus, of which about 8 GW is mature."
Suzlon is broadening its focus beyond wind energy and plans to offer integrated solutions spanning wind, solar, battery energy storage systems (BESS) and energy management services under a single platform. According to Business Standard, the company does not intend to become a solar equipment manufacturer, instead positioning itself as an integrator working with solar technology partners and focusing on project design, energy management and system integration rather than manufacturing modules or cells. The company believes battery storage will play a critical role in improving grid reliability and addressing intermittency challenges associated with renewable power generation. Suzlon is also expanding its engineering, procurement and construction (EPC) capabilities to execute integrated wind, solar and storage projects, aiming to improve project delivery timelines and execution certainty. In the services segment, operations and maintenance services contributed around ₹2,000 crore in FY26, with the company managing nearly 18 GW of wind assets globally across about 100 clusters in nine Indian states. The company expects solar assets to account for approximately 20% of its overall managed renewable energy portfolio by FY31. As per The Economic Times, the company has reorganised its operations into four business verticals-RE Tech, RE DevCo, RE Projects and RE Asset Management Services to drive future growth.
Suzlon has announced a significant expansion into battery energy storage systems (BESS), with plans to establish a BESS manufacturing facility by 2027. According to The Economic Times, the facility will develop storage solutions tailored to Indian grid requirements and help address intermittency and grid reliability challenges associated with renewable energy. The company is also pursuing technology innovation through repowering solutions, with Ajay Kapur stating that "We have found an innovative solution by retaining the foundation and tower and changing the nacelle and rotor, upgrading the turbine to deliver 50% more energy. The 3 MW platform has received a positive response from select European markets such as France and the UK."
The diversification comes at a crucial time as the ongoing conflict in the Middle East is adding financial pressure on India, a large importer of fuels whose circulation depends on the region, according to Business Standard. Girish Tanti emphasized that "If renewables have to become the main source of our supplies, they have to be stable and dispatchable." The pivot toward round-the-clock clean energy parks that combine solar, wind and batteries addresses the growing need for dependable supplies through renewable energy and storage integration. Wind power's ability to meet India's demand peaks when the sun is out makes it an attractive investment, with the country adding a record 6.3 gigawatts of wind installations in 2025 and additions expected to rise beyond 8 gigawatts in 2026. Suzlon plans to help customers set up and run complex renewable energy systems, assisting with project design, construction and maintenance through their entire life cycle. Despite execution delays remaining a challenge, the company's ReDevCo model reverses the traditional sequence by securing land, permits and approvals before approaching developers, with CEO Ajay Kapoor stating that "We believe our customers should save 12 months on execution."
