With the green revolution in India gaining momentum, are you gearing up to ride the growth trajectory in this transformative sector? As we walk towards a sustainable future, numerous companies are stepping up to lead the charge, with India looking to achieve its target of producing 500 GW from non-fossil sources by 2030.
However, with too many green energy companies on the market, how do you plan to narrow down your list? In this blog, we have shortlisted the green energy stocks that are driving India’s sustainable future and promising impressive returns.
5 Energy Stocks to Watch Out For Amidst India’s Green Revolution
If you’re planning to invest in the green energy sector, these five stocks should be on your list.
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Suzlon Energy
Suzlon Energy is a prominent player in the renewable energy sector in India. The company specializes in wind turbine manufacturing and developing wind farms. Recently, the company entered into a partnership with Jindal Renewables to generate an additional 302.4 MW that would strengthen the country’s green steel production.
Suzlon Energy has established its footprint across 17 nations, generating 20 GW of green energy globally. Over the years, the company has installed more than 13,000 wind turbines. The global customer base of the company and its commitment to sustainability make it a top stock to watch out for. With the Suzlon share price on the rise, it is also one of the multibagger stocks in India.
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Inox Wind
One of the top energy companies in India, Inox Wind, stands out with its advanced wind turbine generators and turnkey solutions. In December 2024, the company bagged a significant 60 MW equipment supply order from Serentica Renewables, which will be installed at a hybrid renewable energy site in Karnataka.
Inox Wind currently has a manufacturing capacity of 1,600 MW, and its portfolio of turbines ranges from 1.65 MW to 10 MW. The company has installed over 15 GW of capacity globally, and it looks well-poised for long-term growth.
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Adani Green
As a part of the Adani Group, Adani Green Energy is the largest renewable energy company in India. Its current operational capacity is 11 GW, and the company has made significant strides in solar and wind energy in recent years. By 2030, Adani Green plans to expand its portfolio to 50 GW.
In a recent development, Adani Green and TotalEnergies entered a joint venture with a 1,050 MW portfolio of solar and wind assets, with TotalEnergies investing $300 million.
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Tata Power
Tata Power has come up with its subsidiary – Tata Power Renewable Energy, which has several promising projects in its pipeline. The company has ambitious plans to scale up its renewable energy capacity to 20 GW by 2030 and is already expanding with a 5,000 MW clean energy project in Bhutan.
While the current capacity of the company is around 5 GW, it has plans to scale its capacity to 20 GW by 2030. This green energy company is also diversifying in solar and wind projects globally, strengthening its growth prospects.
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Sterling and Wilson Renewable Energy
Sterling & Wilson Renewable Energy stands out as a prime investment opportunity in the green energy sector. Its exposure to the growing solar power industry makes it one of the renewable energy stocks investors would love to have in their portfolios.
The company has a robust project pipeline, including an unexecuted order value of INR 8,084 crore. It is well-poised to capitalize on the global shift towards clean energy. Its expertise in solar engineering, procurement, and construction makes it a reliable player in the green energy market.
Conclusion
With energy stocks looking promising amidst the green revolution in India, key players are looking towards their growth trajectories. We have carefully curated this list for investors looking to make the most of the green energy revolution in India.
