Wind energy solutions company Suzlon Energy is looking to grow exports with a focus on Central Asia and Europe, said sources in the know.
“The company expects to get orders by the end of this year and commence exports within the next 12 months,” said one of the persons, adding that talks are on with potential buyers. An email sent to Suzlon did not elicit any response till press time.
The company is merging its subsidiary, Suzlon Global Services, with itself and will not have any separate global entity, the persons said.
Its entity in Europe, Suzlon Energy A/S (SEAS), used to supply energy to 11 countries and had a production capacity of over 1.5 GW installed across Europe, Africa and Latin America.
Sudhanshu Bansal Director and lead analyst (power & utilities) at JM Financial, said that though the company has a manufacturing capacity of 4.5 GW, the domestic market is not as large and exports will give it volumes in the long run.
“The management has been guiding the export foray for the last two-to-three quarters. They are working in that direction,” said Bansal.
Suzlon has 15 manufacturing facilities in India and eight R&D facilities in Germany, India , Denmark and the Netherlands.
Currently Siemens Gamesa, GE Vernon, and Vestas are the main wind turbines players in the country which also export.
Strong order book, domestic growth
Suzlon’s order book stood at 5,361 MW in June 2025 , up from 3,817 MW in June 2024’ it is now around 5,742 MW. Its projects are spread across seven states.
“With the manufacturing capacity of 4.5 GW and an order book of 5.7 GW, the company is confident of a 60% growth in key performance parameters. As utilities’ new renewable energy tenders slow down, commercial and industrial customers are driving growth, especially in wind power,” analysts noted post the firm’s Q1 earnings.
The country added 1,637 MW of wind energy capacity during the first quarter of FY26 compared with 770 MW in the year-ago period. Suzlon commissioned 117 MW of projects in Q1FY26 compared with 71 MW in Q1FY25. Additionally, 547 MW of wind turbine generators (WTGs) are erected on sites which are ready for commissioning. Its deliveries in Q1FY26 stood at 444 MW versus 274 MW in Q1FY25.
Suzlon’s revenues went up 55% to Rs 3,130 crore and Ebitda rose 62% to Rs 600 crore with improvement in margins to 19% versus 18% in Q1FY25 due to operating leverage. Post adjustment of reversal of deferred tax assets (DTA) PAT rose 7% to Rs 460 crore.
Suzlon joins RE100 Initiative
Suzlon on Tuesday said it has become the first Indian energy company to join the prestigious RE100 Initiative — a global movement led by Climate Group in partnership with CDP (Carbon Disclosure Project). Suzlon has pledged to use 100% renewable energy by 2030 at all 15 manufacturing facilities, reinforcing its leadership in clean, responsible manufacturing.