New Delhi: Suzlon Energy Limited is moving away from its three-decade identity as a wind turbine manufacturer, unveiling on Wednesday a strategy, branded "Suzlon 2.0," that makes project development and lifetime asset management, rather than turbine-making, the driver of its next growth phase.
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Under the plan, the company will evolve from a pure-play wind original equipment manufacturer (OEM) into a wind-first, full-stack renewable energy (RE) solutions company spanning wind, solar and battery energy storage systems (BESS). Its newly created co-development arm, RE DevCo, is set to deliver 60 percent of volumes, while the group reorients itself around assets under management (AUM), which is a recurring, annuity-led measure it aims to scale four-fold to 70 GW by FY31.
The clearest signal of the shift is RE DevCo, which Suzlon described as India's first and only integrated co-development platform and named as the growth engine of Suzlon 2.0. Built on long-horizon partnerships of three-to-five years and backed by what the company called 30 years of wind leadership, the platform converts renewable potential into execution-ready sites, covering land, grid connectivity, approvals and project execution. It is targeted to contribute 60 percent of the group's volumes.
Ajay Kapur, Chief Executive Officer (CEO), Suzlon Group, said, "RE DevCo will be the growth engine of Suzlon 2.0. As India's first integrated renewable energy co-development platform, it is designed to solve the industry's biggest challenge by accelerating project readiness, scale, and reducing time-to-market. We aim to capture 60 percent of our volume contribution from RE DevCo, leading to 40 percent market share in the Indian wind market. We are targeting 15 GW of RE orderbook and 3 GW of export order intake by FY31."
By FY31, Suzlon plans to expand annual renewable energy sales four-fold to 10 GW, grow its orderbook to 15 GW, and scale AUM four-fold to 70 GW to build a strong annuity-led business. The growth is to be supported by around 40 percent market share in India's wind market, 3 GW of export order intake, and the higher-value shift towards RE DevCo. The company said the ambition is to become one of the world's most integrated renewable energy companies.
Suzlon 2.0 is anchored by a new structure comprising Wind-First Full-stack RE Tech Solutions, RE DevCo, RE Projects and RE Asset Management. The company called itself India's first full-stack renewable energy company, covering Wind + Solar + BESS + Energy Management Service under a single, bankable delivery model, a setup it said solves the problem of fragmented renewable procurement through a single accountable partner. In wind, it will keep developing turbines, but in solar, it is opting for an asset-light model that leverages ecosystem partnerships rather than owning manufacturing.
Wind remains Suzlon's core technology, with the company targeting around 40 percent market share in India and 3 GW of export order intake by FY31. Growth here is to be driven by its 'BlueSky' product platform featuring next-generation high-capacity turbines — the S175 (5 MW) and S163 (6.3 MW) — within a portfolio spanning 2 MW to 6+ MW. In storage, Suzlon plans to set up a BESS manufacturing facility by 2027, focused on intelligent solutions tailored to Indian grid conditions. Its RE Projects arm will scale an engineering, procurement and construction (EPC) platform delivering integrated wind, solar and BESS projects, while RE Asset Management Services will grow the AUM fourfold to 70 GW across wind, solar, hybrid and multi-brand portfolios to build the annuity base.
Girish Tanti, Vice Chairman, Suzlon Group, said, "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. In the next 5 years, we aim to grow our renewable fleet under management by 4x to 70 GW and annual RE sales of 10 GW."
The strategy comes alongwith a revamp of the brand promise: "Good Energies That Work," which Suzlon said reflects its commitment to renewable energy that is dependable, accessible, affordable, integrated and intelligent — energy that, in its words, must do more than exist.
Dharini Mishra, Chief Brand and Reputations Officer, Suzlon Group, said: "The world no longer needs just more clean energy - it needs clean energy that works. As energy becomes the foundation of economic growth and human progress, reliability matters as much as sustainability."
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Suzlon reported revenues of over USD 1.75 billion for FY26 and had a market capitalisation of over USD 7.5 billion as of June 1, 2026. It has around 21.5 GW of installed wind capacity — 15.5 GW in India and around 6 GW globally — across 17 countries, and employs over 8,500 people. Listed as SUZLON on the NSE and 532667 on the BSE, the group is headquartered at Suzlon One Earth in Pune.