Suzlon Charts Out New Growth Plan With Mega Focus On EPC Biz

Indian wind energy company Suzlon Energy has charted a new growth strategy. The wind turbine manufacturer, which has also been undertaking EPC business, now plans to scale up this vertical significantly. The company claims it has developed a unique approach to boost its EPC operations.

Suzlon’s current EPC-to-manufacturing business ratio stands at 20:80. However, the company’s top management recently told investors that by FY28, they aim to increase the EPC share to 50 per cent.

“We are working consciously towards moving to the EPC, increasing the share of EPC contracts. I think that's our concentration now. The current 20:80 is what we have, 20 is EPC, 80 is non-EPC,” JP Chalasani, CEO of Suzlon, said.

Unique EPC Model 

Chalasani also emphasized that Suzlon is working on a unique model that ensures land availability for wind projects through its EPC framework.

“Our target is to move to 50:50 by FY '28. That is where we are working significantly on the -- developing the new site. As we speak today, we have identified sites for about 23 gigawatts, which have significant wind potential sitting in our turbines. And out of this 23 gigawatts for about 7.5 gigawatts, we started the land acquisition where we don't -- we have not signed the EPC contracts, nothing to do with the existing 6.2. And in fact, in this 7.5 gigawatts, we already acquired land footprint along with the pathways for about 1,150 megawatts,” Chalasani said.

He explained that in many cases the company has signed land contracts, even though EPC contracts are yet to be finalized. “Some of them we are going ahead on our own with the seed capital. So, I think that is what is going to be our significant concentration going to be. One is to bring back the EPC. What it does is that it gives us a competitive advantage because nobody else offers the EPC with the land. And second is that it gives us the control on execution. We will improve our execution, our COD capacity,” he said.

Historic Quarter for Suzlon

The Pune-based company described the last quarter (Q2) as a “record-breaking quarter,” setting a new benchmark by delivering 565 MW—the highest Q2 delivery in 30 years. It said its order book has exceeded 6 GW, including more than 2 GW of orders won in the first half of FY26. The company also said its 4.5 GW manufacturing capacity is fully operational and ramped up to meet the order book.

Suzlon forecasts that India could add around 6 GW of wind capacity in the current financial year, and the company aims to contribute about 1,500 MW, representing a 25% share.

“And we are reasonably confident that taking 6 gigawatts as the country's capacity addition this year, we would definitely touch 25% of market share. So that is 1,500 megawatt is reasonably confident while the first half is only 270,” Chalasani added.