Suzlon Energy Limited has announced that it has secured a maiden DevCo-led 201.6 MW wind order from Waaree Forever Energies Private Limited, the Independent Power Producer arm of Waaree Group. The project is set to be executed in Andhra Pradesh, involving the supply and installation of 64 units of flagship S144 wind turbine generators, each having a rated capacity of 3.15 MW.

This development follows closely behind another consecutive DevCo-led EPC order secured by the company within a week, highlighting a broader industry trend toward DevCo models for accelerated project execution and risk mitigation. Under the terms of the agreement, Suzlon will provide a comprehensive engineering, procurement, and construction offering that encompasses land acquisition, turbine supply, balance of plant, commissioning, and lifetime operations and maintenance services. This major order also elevates Suzlon’s total order book in Andhra Pradesh to nearly 1 GW.

Suzlon Energy Limited is a prominent global renewable energy solutions provider specializing in wind energy systems, with installations spanning multiple countries across diverse markets. In recent corporate updates and developments from 2025, the company has heavily focused on expanding its full-stack renewable energy capabilities, integrating wind, solar, and storage technologies under its comprehensive business verticals. The firm continues to build robust green infrastructure solutions tailored for public sector undertakings, independent power producers, and commercial and industrial clients worldwide.

According to financial figures reported for the fiscal period, Suzlon Group posted revenues exceeding USD 1.75 billion for FY26, alongside a market capitalization crossing USD 7.5 billion as of mid-2026. The company maintains an extensive cumulative wind energy capacity footprint globally, driven by strong demand for its advanced 2.x MW, 3.x MW, and 5.x MW turbine product portfolios. Institutional backing remains strong, with various prominent market investors and financial entities holding stakes in the company as part of its widespread public equity structure.