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 of years, according to analysts.

- RAGHAVENDRA KAMATH

"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.

JM Financial in a report earlier flagged execution bottlenecks (connectivity, land & Right of Way or RoW) as critical constraints in scale-up of wind energy which, it believes will limit the annual installations to 7-8GW.