Strategically, DevCo enables Suzlon to participate more deeply in the value chain as India’s renewable energy market shifts toward hybrid and firm, dispatchable renewable energy (FDRE) solutions that combine wind, solar and storage
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Long identified as a wind turbine manufacturer, Suzlon Energy Ltd is looking to move beyond its core business by launching DevCo — a standalone project development vertical — that will anchor its ambitions across wind, solar and battery energy storage systems (BESS). The move forms a key pillar of the company’s transformation strategy, under which it aims to evolve from a wind solutions provider into an integrated renewable energy platform.
“We are looking to decouple project development and project execution. This decoupling has to happen so that we do the advance groundwork of the future projects. There are large clients who are willing to do long-term planning. So DevCo will be a new way of working where you start incubating those projects and keep them ready for construction,” Girish Tanti, Executive Vice-Chairman of Suzlon Group, told businessline in an exclusive interaction on Tuesday.
The DevCo unit will focus on identifying high-potential wind and hybrid sites 3-5 years in advance using proprietary resource data, securing land parcels, obtaining regulatory approvals and arranging grid connectivity through State and Central transmission utilities. By separating early-stage development from EPC execution, Suzlon aims to reduce project bottlenecks, compress timelines and build multi-year pipeline visibility.
The move signals a transition from order-led growth to pipeline-led planning. By incubating projects well before construction begins, Suzlon can engage customers early — typically after about 25 per cent of land aggregation is complete — allowing clients to enter at a pre-construction stage, lower their interest during construction (IDC) burden and accelerate financial closure. Once projects move into execution, the remaining development activities are integrated into the EPC division.
FDRE solutions
Strategically, DevCo enables Suzlon to participate more deeply in the value chain as India’s renewable energy market shifts toward hybrid and firm, dispatchable renewable energy (FDRE) solutions that combine wind, solar and storage. When asked whether the company has worked out how much solar and BESS capacity it plans to develop alongside wind, J P Chalasani said, “The decision has been taken today[Tuesday] that we will provide FDRE solutions. Now we are trying to prepare a blueprint for each of these businesses for the next 3-5 years and what kind of funding will be required.”
Tanti added that Suzlon has already begun participating in such projects, though currently limited to wind components. “We are already doing FDRE projects. But we are doing the wind portion of it. Slowly we will be able to participate in the entire FDRE,” he said.
Importantly, the company indicated that the new vertical will not materially stretch its balance sheet. “I do not want to put a number on it. But if you look at our current cash flows, I do not think we will need to raise any money for the seed capital,” said J P Chalasani, who has been elevated to Suzlon’s newly formed Group Executive Council. The council also includes Executive Vice-Chairman Girish Tanti, and Chairman and Managing Director Vinod Tanti.
With the formation of the Group Executive Council and the appointment of Ajay Kapur as Group CEO, Suzlon is aligning leadership structure with its next phase of growth. The DevCo model, industry observers say, could give the company stronger visibility over its three-to-five-year order book while improving execution certainty — a critical advantage in India’s increasingly competitive renewable energy landscape.
Published on February 24, 2026