Suzlon Energy shares gained more than 2% on Thursday following the company's unveiling of its long-term growth strategy, branded as 'Suzlon 2.0'. According to reports from The Economic Times, the wind energy solutions provider announced its diversification into solar, battery energy storage systems (BESS) and other businesses, evolving from a pure-play wind OEM to a wind-first full-stack renewable energy solutions company. The company's shares jumped more than 2% to trade at ₹55.75 apiece on Thursday morning, as reported by The Economic Times.
As reported by The Economic Times, Suzlon's 'Suzlon 2.0' plan includes building a 15 GW order book by FY31, quadrupling annual renewable energy sales to 10 GW, and expanding renewable energy assets under management (AUM) to 70 GW by FY31. The company aims to secure about 40% market share in India's wind energy sector and generate 3 GW of export order intake. The newly created renewable energy development business, RE DevCo, is expected to contribute around 60% of overall volumes over the next five years. According to The Economic Times, the company stated that together, these businesses create an integrated platform that enables renewable energy delivery at scale with speed, certainty, and long-term performance.
Growth in the wind segment will be driven by the BlueSky product platform, which includes the S175 (5 MW) and S163 (6.3 MW) turbines, with the portfolio spanning 2 MW to over 6 MW. On storage, the company plans to establish a BESS manufacturing facility by 2027 to address renewable energy intermittency and grid reliability. The facility will develop storage solutions tailored to Indian grid conditions. Vice Chairman Girish Tanti stated that "As the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition. In the next 5 years, we aim to grow our renewable fleet under management by 4x to 70 GW and annual RE sales of 10 GW."
According to the exchange filing reported by The Economic Times, Suzlon's '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. The company also unveiled a new brand identity, "Good Energies That Work," alongside the strategy. CEO Ajay Kapur emphasized that RE DevCo would be the primary growth engine for Suzlon 2.0, stating that "RE DevCo will be the growth engine of Suzlon 2.0. As India's first integrated renewable energy co-development platform, it is designed to solve the industry's biggest challenge by accelerating project readiness, scale, and reducing time-to-market." Group Vice Chairman Girish Tant noted that as the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition.
Suzlon reported revenues of over USD 1.75 billion for FY26 and held a market capitalisation of over USD 7.5 billion as of June 1, 2026, according to the press release. The company currently has approximately 21.5 GW of installed wind capacity across 17 countries, including 15.5 GW in India. The orderbook target of 15 GW by FY31 compares with the company's existing AUM of approximately 17.5 GW, implying a near-fourfold scale-up over five years. The stock has shown mixed performance in recent periods, with shares declining more than 3% in one week but gaining around 6% in 2026 so far. JM Financial noted that Suzlon is following the common evolution strategy of industrial OEMs, progressively graduating from an equipment supplier to EPC, turnkey solutions provider, and finally to a solutions provider, with a 'Buy' rating and target price of ₹65 per share.
