Suzlon Energy shares rose more than 2% on Thursday after the wind energy solutions provider unveiled its long-term growth strategy, branded as ‘Suzlon 2.0’, adding that it is diversifying into solar, battery energy storage systems (BESS) and other businesses.
In an exchange filing released on Wednesday, the company said it is evolving from a pure-play wind OEM to a wind-first full-stack renewable energy solutions company. Its ‘Suzlon 2.0’ plan includes a new business architecture comprising wind-first full-stack RE tech solutions, RE DevCo, RE projects, and RE asset management.