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Suzlon to diversify beyond wind; pump Rs 500 cr in new arm this fiscal
Wind turbine maker Suzlon is diversifying into battery storage and a new platform called RE DevCo. This move aims to make Suzlon a complete renewable energy solutions provider. The company plans significant investments in the coming years. Suzlon also has ambitious goals to expand its renewable energy sales and orderbook substantially by 2031.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
Suzlon Group is launching 'Suzlon 2.0', a new growth strategy. The company plans to significantly increase renewable energy sales and assets under management by 2031. Suzlon is seeking to evolve from a turbine maker to a comprehensive renewable energy solutions provider. This will include wind, solar and battery storage.
No More Just A Wind Company? Suzlon 2.0 Looking To Expand Into Solar, Battery Energy
The company expects 60% of revenues from its targeted 10 GW renewable energy portfolio to eventually come through the DevCo model by FY31.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
As part of the strategy, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, expand its order book to 15 GW from the current 5.7 GW, and increase its renewable energy assets under management (AUM) to 70 GW from current levels.
Suzlon’s next growth bet: solar, batteries with a tight grip on capital
The company’s ‘Suzlon 2.0’ strategy aims to turn it into a one-stop renewable energy solutions provider spanning wind, solar and battery storage, while staying capital-light and reviving exports.
Gujarat Alkalies to source hybrid renewable energy from CLEANMAX
The project will comprise of 75.90 MW of wind capacity and 84.34 MWp of solar capacity, from which hybrid renewable energy will be supplied to GACLs Dahej and Vadodara units under the group captive structure. 100% power generated from the said facilities will be utilized by GACL.
Gujarat Alkalies joins hands with CleanMax for hybrid renewable energy project
Gujarat Alkalies and Chemicals (GACL) has partnered with Clean Max Enviro Energy Solutions (CleanMax) to source hybrid renewable energy for its manufacturing operations in Gujarat.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Suzlon Group appoints Ashok Ramachandran as President, India Business
Suzlon Group has appointed Ashok Ramchandran as President, India Business on Monday. He brings over two decades of global leadership experience. Ramchandran will focus on strengthening Suzlon's market leadership. His expertise will aid the company's transition to a wind-first renewable energy firm. This appointment is crucial for Suzlon's growth strategy.
Adani Green Energy commissions 50 MW solar plant in Gujarat’s Khavda
Adani Green Energy has commissioned a 50 MW solar power project at Khavda in Gujarat, taking its total operational renewable energy capacity to 19,835.8 MW.
Adani Power, Adani Ports to Adani Total Gas: Adani group stocks tank up to 4%. Details here
Adani Group stocks fell up to 4% in Monday's trading session after the group came under scrutiny from US authorities over alleged bribery related to its renewable energy operations.
Dipan Mehta sees long-term opportunity in PG Electroplast, Kitex and power plays
Dipan Mehta, Director of Elixir Equities, says India’s air-conditioner outsourcing story remains a strong long-term opportunity, with companies like PG Electroplast and Amber benefiting from rising demand and scale advantages. He is also positive on power transmission players linked to renewable energy growth, sees export opportunities emerging from rupee depreciation, and expects textiles and select pharma names to deliver strong growth despite near-term market volatility.