en.Wedoany.com Reported - Suzlon has unveiled a plan targeting an increase in annual renewable energy sales to 10GW and an expansion of assets under management to 70GW by 2031. The company is transitioning from a pure wind turbine manufacturer to a full-stack renewable energy solutions provider centered on wind power, covering wind, solar, and battery storage sectors.

According to the plan, by fiscal year 2031, Suzlon aims to build an order backlog of 15GW, capture approximately 40% of the Indian wind energy market, and secure 3GW in export orders. The company stated that its Renewable Energy Development Company (RE DevCo) will become a new growth engine, expected to contribute about 60% of sales. Additionally, Suzlon plans to construct a battery storage manufacturing facility by 2027.

Wind power remains Suzlon's core business pillar, supported by the BlueSky platform, which features the S175 5MW and S163 6.3MW turbines. Girish Tanti, Vice Chairman of the Suzlon Group, stated that as the world enters a super cycle of electrification, Suzlon 2.0 aims to drive the energy transition alongside customers and the nation. Over the next five years, the goal is to quadruple the managed renewable energy capacity to 70GW and achieve annual sales of 10GW. Group CEO Ajay Kapur noted that RE DevCo will serve as the growth engine for Suzlon 2.0, targeting an order backlog of 15GW and export order intake of 3GW by fiscal year 2031.

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