Key facts
- Suzlon Energy shares rose on Thursday.
- The company announced its 'Suzlon 2.0' strategy.
- The strategy expands Suzlon's business into solar and battery storage solutions.
- Suzlon aims to quadruple renewable energy sales.
- The company plans to build a 15 GW order book by FY31.
Suzlon Energy shares experienced a rise on Thursday following the company's announcement of its 'Suzlon 2.0' strategy. This new strategy marks an expansion for the company, moving beyond its traditional focus on wind energy to include solar and battery storage solutions. Suzlon aims to significantly grow its business, targeting a quadrupling of its renewable energy sales and the establishment of a 15 GW order book by the fiscal year 2031. This move positions Suzlon as a more comprehensive player in the full-stack renewable energy market. The company is widening its portfolio to build round-the-clock clean energy parks that combine solar, wind and batteries, addressing the growing need for dependable supplies through renewables and storage integration.