The company plans to enter the solar market in the 2016 fiscal year, offering "wind-solar integrated solutions", company chairman Tulsi Tanti said in an interview with the Times of India newspaper.
Tanti also said Suzlon would establish three rotor blade manufacturing units in India over the fiscal year.
He told the newspaper Suzlon matched the Indian government's ambition in renewable energy — with prime minister Narendra Modi targeting 175GW in capacity by 2020.
Suzlon has also announced a 197.4MW turbine order from a "leading renewable energy IPP [independent power producer]".
It will manufacture 47 Suzlon S97 and 47 Suzlon S111 2.1MW turbines for the unnamed project in the Anantapur district of Andhra Pradesh, southern India.
Commissioning is expected in 2017 and Suzlon will service the turbines for 12 years.