Suzlon Energy Executive Vice Chairman Girish Tanti has projected significant growth for India's wind energy sector, forecasting the country will achieve 10 gigawatt (GW) annual installations within two years and reach 13-15 GW by 2030. Speaking exclusively to CNBC-TV18 at the World Economic Forum in Davos, Tanti outlined the company's expansion strategy amid a global renewable energy transition.

India's Wind Energy Milestone Achievements

India has already crossed 54 GW of installed wind capacity, marking the halfway point toward the 100 GW target set for 2030 by Prime Minister Narendra Modi. The country achieved 6 GW of new wind installations in 2025, with approximately 80% of India's new energy construction coming from renewable sources.

Global Renewable Energy Transition

Tanti highlighted the accelerating global shift toward renewable energy, noting that 92% of new energy installations worldwide in 2025 came from renewable sources. The convergence of wind, solar, and battery technologies has created cost-competitive energy solutions, driving increased adoption across sectors including electric vehicles and artificial intelligence applications.

International Expansion Strategy

Suzlon announced the appointment of a new CEO for European operations as part of its international expansion strategy. The company is targeting multiple markets for export opportunities:

• Europe: New CEO appointed for market development
• Southeast Asia: Rapid renewable energy adoption across the region
• Australia: Significant market potential identified
• Middle East: Strategic expansion target
• United States: Historical largest market outside India

Tanti indicated that India has the potential to meet 10% of global wind energy demand through exports, leveraging the country's substantial manufacturing capacity that exceeds domestic installation requirements.

Manufacturing Capacity and Policy Outlook

With annual manufacturing capacity of nearly 20 GW, India's wind and solar sectors have built capabilities that exceed domestic installation needs by more than double. This positions the country as effectively self-reliant (Atmanirbhar) in renewable energy manufacturing.

Tanti expressed confidence that potential policy changes regarding Chinese company participation in government tenders would not significantly impact the renewable energy sector, given India's robust domestic manufacturing capabilities.

Market Performance and Future Outlook

Despite Suzlon's current market capitalisation of ₹65,780.47 crore, the company's shares have declined more than 17% over the past year. However, Tanti remains optimistic about the sector's prospects, citing favorable wind generation patterns that align with India's electricity demand curves.

The company's strategy focuses on hybrid projects combining wind, solar, and battery technologies to create an integrated energy mix. With visibility of approximately 85 GW for wind projects and strong state-level demand, Suzlon is positioning itself to capitalize on India's renewable energy transition and global export opportunities.

Source: https://www.cnbctv18.com/business/companies/wef-davos-2026-suzlon-expects-to-cross-10-gigawatt-capacity-in-two-years-13-gigawatts-by-2030-19823820.htm

Suzlon Energy announced on Monday, January 19, the appointment of Paulo Fernando Soares as President – Europe, marking a strategic move to strengthen its leadership team as the company intensifies its focus on international markets. This appointment comes as part of Suzlon's broader strategic reset and global expansion initiatives.

Leadership Appointment Details

Soares brings extensive industry expertise to his new role, with nearly four decades of experience in the wind energy sector. His professional background spans major energy markets across multiple continents, including significant experience in Germany, Brazil, China and Spain. Notably, Soares has previously collaborated with Suzlon and played a crucial role in expanding the company's presence in Asian markets.

Strategic Responsibilities and Market Focus

In his new capacity, Soares will spearhead Suzlon's European operations with comprehensive responsibilities spanning multiple strategic areas. His primary mandate includes driving market expansion initiatives, deepening customer engagement across the region, and establishing strategic partnerships throughout Europe. The European market represents one of the world's largest and most mature wind energy markets, making it a critical component of Suzlon's international growth strategy.

Soares will also focus on building a robust organizational framework designed to support long-term success in European markets. This structural development is essential as Suzlon operates across 17 countries worldwide and seeks to strengthen its global footprint.

Management Commentary and Strategic Vision

Girish Tanti, Vice Chairman of Suzlon Group, expressed enthusiasm about the appointment, stating the company's happiness to welcome Paulo back as Suzlon accelerates its global ambitions. Tanti emphasized Europe's significance as one of the largest wind energy markets, representing a strategic growth opportunity for the company. He highlighted Soares' deep knowledge of wind technology, customer relationships, and first-hand experience across multiple global markets as valuable assets for Suzlon's global growth strategy.

Soares expressed excitement about rejoining Suzlon during a period of renewed momentum in the global wind energy sector. He acknowledged Suzlon's pioneering role in the wind energy industry and its advocacy for wind power's rightful place in the global energy transition. Soares noted that the company's technology base and international experience provide a strong foundation for expanding market share in Europe.

Suzlon 2.0 Roadmap and Market Context

The leadership appointment aligns with Suzlon's advancement of its "Suzlon 2.0" roadmap. In an exclusive interaction with CNBC-TV18 on the sidelines of Davos, Tanti explained that this strategic shift reflects accelerating global electrification across multiple sectors, including electric vehicles, AI-led infrastructure and industrial decarbonization.

Tanti highlighted significant market trends supporting the company's strategic direction, noting that renewables accounted for nearly 80% of new energy capacity added globally in 2025. This statistic underscores the structural transition underway in the global energy mix, creating favorable conditions for wind energy companies like Suzlon.

Stock Performance

Shares of Suzlon Energy were trading 1.24% down at ₹47.85 as of 1:51 pm on Monday. The stock has declined 9.01% over the past one month, reflecting recent market movements in the renewable energy sector.