Suzlon Energy has announced a transformative growth phase, Suzlon 2.0, aiming to become one of the world’s most integrated renewable energy companies by FY31. The company targets a fourfold expansion in annual renewable energy sales to 10 GW and a fourfold increase in assets under management (AUM) to 70 GW. This strategic shift involves evolving from a pure-play wind OEM to a wind-first full-stack renewable energy solutions company, incorporating Wind, Solar, BESS, and Energy Management Services.

Key Growth Targets for FY31

Suzlon Energy has outlined specific objectives to achieve its FY31 ambition, supported by a ~40% market share in India’s wind market and 3 GW of export order intake. The following table summarises the headline targets:

The company plans to capture ~60% of its volume contribution from its RE DevCo business, which will serve as the primary growth engine.

Strategic Business Architecture

Suzlon 2.0 is anchored by a new business architecture comprising four key verticals: Wind-First Full Stack RE Tech Solutions, RE DevCo, RE Projects, and RE Asset Management. The RE DevCo platform is designed as an integrated co-development model that converts renewable potential into execution-ready sites, addressing sector bottlenecks like project readiness and speed to market. The company is also scaling its EPC platform to deliver integrated Wind, Solar, and BESS projects with greater speed and predictability.

Technology and Expansion Plans

Wind remains the core growth engine, driven by the 'BlueSky' product platform featuring next-generation high-capacity turbines such as the S175 (5 MW) and S163 (6.3 MW). Suzlon is foraying into intelligent battery energy storage systems (BESS) to enhance renewable energy reliability and plans to establish a BESS manufacturing facility by 2027. The company aims to maximise asset performance across the lifecycle through digital pathways and a nationwide service network, creating a large annuity-led business.

Suzlon Energy Limited reported a 67% rise in profit before tax to ₹2,422 crore for the financial year ended March 31, 2026, driven by record operational performance. The company achieved a profit after tax of ₹3,153 crore, which includes a deferred tax asset recognition of ₹742 crore for the year. Revenue from operations grew 54% year-on-year to ₹16,679 crore, supported by the delivery of 2,456 megawatts of wind turbine generators, the highest ever in India.

Operational Performance

The company delivered 830 megawatts in Q4 FY26, marking its highest-ever quarterly deliveries in India. For the full year, Suzlon commissioned 744 megawatts, while 971 megawatts were erected and awaiting commissioning. The order book stood at 5.9 gigawatt at the end of the period, comprising 66% from the C&I and PSU segments. The OMS business managed 15.7 gigawatts in India, maintaining machine availability above 95%.

Financial Highlights

Consolidated EBITDA for FY26 increased 63% to ₹3,022 crores, with margins expanding by 100 basis points to 18.1%. The WTG segment revenue grew 65% to ₹14,040 crores, recording a contribution margin of 24.5%. The balance sheet reflected a consolidated net worth of ₹9,464 crores and a net cash balance of ₹2,384 crores.

Strategic Developments

Suzlon is expanding its EPC offering, which grew from 20% to 28% of the order book in H2 FY26. The company signed a project implementation agreement with the Government of Andhra Pradesh, securing developmental rights for 2.1 gigawatts. This includes 775 megawatts for which a PPA was signed, now under consideration for conversion into FDRE. The remaining 1,325 megawatts is expected to be monetized through EPC contracts over the next six months. Additionally, the company launched its Blue Sky platform in Spain to re-enter European markets.