Suzlon unveils full-stack renewable platform, eyes global expansion

Suzlon Energy is restructuring into a full-stack renewable energy platform spanning wind, solar, battery storage, project development and asset management, as it prepares for a shift towards round-the-clock clean power. CEO Ajay Kapur outlined the strategy, dubbed 'Suzlon 2.0', in a letter to shareholders. The company has reorganised under four verticals: RE Tech, RE DevCo, RE Projects and RE Asset Management Services.

Newindianexpress.com reports that Suzlon plans to develop shovel-ready projects through its DevCo arm and provide integrated engineering, procurement and construction services. The company also aims for a calibrated return to international markets, with Europe as an initial focus. Suzlon estimates India will need over 130 GW of wind capacity by 2030, but cites land, manpower and grid connectivity as bottlenecks.

Meanwhile, businesstoday.in notes that Suzlon shares traded at Rs 48.51, up 3%, with a market cap of Rs 66,721 crore. Brokerage Geojit has a 'buy' rating with a target of Rs 56, citing long-term growth under Suzlon 2.0, while Nuvama rates it 'hold' at Rs 51 and Centrum Broking targets Rs 74. For Q1 FY27, Suzlon reported a 6% drop in net profit to Rs 305 crore, but revenue rose 22.5% to Rs 3,819 crore.