Best Green energy stocks in India in and renewable energy stocks in India are rapidly gaining momentum. The country is pushing towards achieving its target of 450 GW of renewable energy capacity by 2030. Since India is the world’s third-largest energy consumer, investors are slowly recognizing its growth potential. Climate change has been widely discussed, and developing economies are equally worried about it. Because of these environmental worries, using clean and renewable energy sources is becoming increasingly important. Increasing environmental concerns, government support, and massive investments in the renewable energy sector in India are making it an attractive avenue for investors. This is where the idea of "best green energy stocks in India" comes in. These are special stocks from companies that make clean and renewable energy, like energy from the sun and wind.
COP28 conference happens where govt. Support for doubling renewable energy capacity by 2030
- Expanding solar, wind, hydropower
- 50% of its electricity needs using renewable energy by 2030
- Net zero emissions by 2070
- 500 GW of clean capacity by 2030
Govt. targeting for 6.5 lakhs crore to spend by next 5 years.
What are the Best Green Energy Stocks?
Green energy stocks are like the superheroes of the stock market.
They are eco-friendly, planet-saving champions that harness the power of the sun, wind, and water to generate electricity without harming the environment. Additionally, these best penny stocks in renewable energy in India represent the best solar energy companies in India potentially specializing in clean energy technologies such as solar panels, wind turbines, and hydroelectric dams. Thus, investing in these stocks can be a smart financial decision and a responsible choice to support the transition toward a greener and more sustainable future.
Best Green Energy Stocks in India to Invest : Top 10 stocks
1. Tata Power
Presently from solar 22%, wind 7%, waste treatment 3%, hydro 6%, thermal 625. Target by 2027: Tata Power to invest Rs. 60,000 bulk of it in renewable capacity. Almost half of it in renewable energy. No new coal-fired project for Tata Power as it aims for carbon neutrality by 2050. It recently started a new segment: 'EZ Charge 'for charging stations. Tata Power EZ Charge is the only charging point operator in India. It targets more than 10,000 public charges.2. Adani Green Energy Ltd
It has 2 segments: power supply 75% and traded goods 25%. In the next 10 years, USD 22 Billion to invested in renewable energy. Target of 25 GW operational capacity by 2025 and 45 GW by 2030.3. Suzlon
It introduces a new 3MW series to unlock sites to deliver improved energy yield suitable for all wind regimes. Along with producing power, selling solar panels, and offering entirely produced castings, forgings, and foundry parts, Suzlon also manufactures electricity. In addition, it improves scheduling and forecasting, increases turbine energy output, and makes proactive field condition monitoring possible.4. NTPC
NTPC Limited, India's largest power utility, is crucial in the country's energy sector. Its initiative to diversify into renewable energy sources enhances its attractiveness as an investment. The President of India holds a 51.1% stake in NTPC.
5. KP Energy Ltd
KP Energy is a key balance of plant (BoP) solutions provider for wind energy projects in Gujarat, India. Their services encompass EPC, operation and maintenance, and asset management, with a successful track record of over 1 GW of wind energy projects.6. SJVN
State-owned power producer SJVN has signed a pact with the corporation of India to supply 200 GW. It is a pioneer in Hydro. Increasing capacity and focus on Solar.7. JSW Energy
JSW Energy stands as a diversified energy player with a growing commitment to clean energy initiatives. By embracing a mix of wind and solar energy, the company aims to reduce its carbon footprint while contributing to India's renewable energy goals.
8. Borosil Renewables Ltd
The development of India’s renewable energy sector is facilitated by Borosil Renewables, the sole manufacturer of solar glass in the country, which produces a variety of solar glasses for use in solar modules, thermal collectors, and water heaters.9. Inox Wind Energy Ltd
In the past year, Inox Wind Energy generated Rs. 1,136.36 Cr. in operating revenue. However, there is room for improvement as there’s an annual revenue de-growth of -5%, a pre-tax margin of -94%, and an ROE of -33%, indicating areas that require attention. With an end-to-end approach covering manufacturing, installation, and operations, INOX Wind underscores its commitment to sustainable growth and operational excellence.10. REC
Power-generating companies can be financed by REC and PFC. So, these companies are also in the limelight.Besides these stocks, by transmission & distribution, cables & wires co like, KEI Industries, Polycab, etc are also benefited. Tower manufacturers Skipper Ltd, KEC International Ltd. Triveni Turbines, WAAREE Energies, NHPC, JSW Energy, VOLTAMP, Cummins, Shivalik Bimetal, etc also benefit from GREEN ENERGY STOCKS in India to invest.
Conclusion
India's energy sector offers a dynamic landscape for investors, with a mix of traditional and renewable energy stocks. The companies highlighted in this curated list demonstrate resilience, innovation, and a commitment to meeting the country's growing energy demands. As investors navigate the opportunities within the sector, considering a diversified portfolio that includes these top-performing energy stocks could pave the way for long-term success and contribution to the sustainable development of India's energy landscape.
