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Suzlon Eyes 70 GW Green Energy by FY31
16 Jun
Summary
- Suzlon aims to quadruple renewable sales to 10 GW by FY31.
- Company plans to grow renewable assets to 70 GW by FY31.
- Suzlon is expanding into solar and battery storage solutions.
Suzlon Energy is set to quadruple its renewable energy sales to 10 GW and expand its renewable energy assets to 70 GW by fiscal year 2031, as outlined in its 'Suzlon 2.0' growth strategy. The company is actively pursuing international markets, building on its existing 6 GW of installations across 17 countries. Recent traction with new technologies in Europe, Australia, and South America indicates a renewed focus on exports.
To capitalize on the global green energy shift, Suzlon is transforming its established wind energy platform into a comprehensive wind-solar battery storage solutions provider. This diversification strategy aims to capture growth not only in wind energy, which is projected to account for 70% of revenues, but also in integrated solar and battery storage businesses.
Nations worldwide are prioritizing energy security, driving demand for renewable energy solutions. Suzlon sees significant opportunities in Asia and West Asia, aiming to increase turbine sales alongside existing service contracts. This expansion aligns with global projections of substantial growth in solar, wind, and battery capacities by 2050.
