Suzlon Energy Ltd is set to increase its annual wind turbine generator (WTG) manufacturing capacity by 45% to reach 4.5 GW within the next year, according to Vice-Chairman Girish Tanti. “We are expanding our capacity. Currently, we have an annual capacity of over 3 GW. With our new product technology, we aim to grow to about 4.5 GW in the next 12 months,” Tanti said during the 4th Global RE-Invest summit in Gandhinagar.
The company plans to expand its capacity at some of its 14 existing facilities and is open to establishing new ones based on project requirements. “We have 14 facilities, and depending on where new projects are coming up, we will either expand existing facilities or build a new one,” Tanti added. The upcoming projects are expected to be located in Rajasthan, Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu.
When asked about financing the expansion, Tanti emphasized Suzlon’s financial health: “We are a debt-free company. With the way we have structured our business model and capex planning, we can manage the expansion through internal accruals. There is no need to raise new debt for increasing our capacity.”
Suzlon recently secured a significant 1.16 GW order from NTPC Green Energy Ltd, marking one of the top three orders globally. “With this order, our order book has now reached 5 GW,” Tanti noted.
Discussing succession planning within Suzlon, Tanti highlighted various initiatives aimed at leadership development and talent growth. “We have launched multiple people-centric initiatives across the organization. We have identified around 500 resources for fast-track growth programs. Additionally, for over 100 senior management roles, we have a strong leadership development program. We also run a succession planning program for every critical position in the company,” he stated. By focusing on expanding capacity, securing large-scale projects, and developing its workforce, Suzlon is poised for significant growth in the wind energy sector.
