Overview
- Suzlon publicly unveiled Suzlon 2.0 on Wednesday with numeric FY31 targets that include 70 GW of assets under management and 10 GW of annual renewable energy sales.
- The company set intermediate goals of a 15 GW orderbook, 3 GW of export intake and a 40 percent share of India’s wind market while aiming for 60 percent of volume from its RE DevCo co-development unit.
- Suzlon said it will expand asset-management services to wind, solar, hybrid and multi-brand portfolios and intends to build a battery energy storage systems manufacturing facility by 2027.
- The company named Ashok Ramachandran President for India Business effective June 4, and markets reacted with a modest share-price decline of roughly 2–5 percent on the day of the announcements.
- The plan comes against a FY26 backdrop of $1.75 billion in revenue, about 21.5 GW of installed wind capacity and an active regulatory overhang after SEBI imposed penalties totalling Rs 29 crore, making execution and compliance the key risks to watch.