Solar & battery storage a challenge for Suzlon in near future: Analysts

Rising competition from solar and battery energy storage systems (BESS) could pose challenges for renewable energy solutions provider Suzlon’s execution in the next couple years, according to analysts said.

“We expect the wind industry to plateau at 8–10 GW over next 2–3 years amid rising competition from solar plus BESS projects. Assuming Suzlon retains 30–35% share, execution is likely to flatten at 3–3.5 GW annually over FY27–28,” a note by Nuvama Institutional Equities stated.