Suzlon Energy, a leading renewable energy solutions provider, has announced a significant repeat order of 195 MW from Sunsure Energy. This new project propels the total sales of Suzlon's advanced 3 MW wind turbine platform to nearly 9 GW, underscoring its robust market adoption and strategic importance for the company's growth.
The latest order will see Suzlon install 65 units of its S144 wind turbine generators (WTGs), each boasting a rated capacity of 3 MW. These installations are slated for Karnataka's Bijapur district, a region increasingly vital to India's wind energy landscape. Suzlon's comprehensive role in the project includes the supply of wind turbines, complete project execution, erection, commissioning, and a full suite of operations and maintenance services post-commissioning.
This development further solidifies Suzlon's footprint in Karnataka, pushing its order book in the state past the 2 GW mark. With an installed base of 1,500 MW in Karnataka already, the state accounts for 24% of Suzlon's total installed capacity in South India, making it a pivotal market for the company's expansion.
Girish Tanti, Executive Vice Chairman of Suzlon Group, highlighted the success of the 3 MW platform, calling it their "most successful innovation yet and a key driver for Suzlon's growth in India." He further noted Karnataka's emergence as Suzlon's largest market by order book, driven by escalating demand from the large commercial and industrial (C&I) segment seeking reliable Round-The-Clock (RTC) wind energy solutions.
Sunsure Energy, founded in 2014, specializes in providing renewable energy solutions, enabling businesses and utilities to offset up to 100% of their power consumption through long-term Power Purchase Agreements (PPAs) backed by solar, wind, and battery storage.
In related news, Suzlon Energy is scheduled to announce its financial results for the quarter and fiscal year ended March 31, 2026, on Monday, May 25. Analyst firms anticipate strong performance, with Motilal Oswal Financial Services (MOFSL) projecting a 56% year-on-year revenue increase to Rs 5,904.4 crore for the March 2026 quarter, alongside a 46.97% rise in EBITDA.
JM Financial also forecasts significant growth, estimating sales at Rs 10,028.2 crore for the fiscal year, with a 71% year-on-year increase in EBITDA. Both firms maintain positive outlooks on Suzlon's stock, with target prices of Rs 66 per share from MOFSL and Rs 64 per share from JM Financial.