The green stock is holding more potential in the future; this article covers up the best green energy stocks in India. The government is taking constant significant steps to work toward a green environment. Several tie-ups are being witnessed in the present. These ties up will result in profitable returns from the green stock. There is much green stock, and choosing one with potential is essential.
This article will cover up best Green Energy Stocks in India in which you can invest and maybe earn too. The stock market is subject to volatility and market risk. Before investing in any stock, always do complete research about the company to make a significant profit.
These stocks hold market supremacy, and these stocks are just recommendations before investing in any of these have complete market research.
Here is the list of the top 10 Renewable energy stocks in India
Tata Power Solar
One of the leading green energy companies is Tata Power Solar Systems Ltd. It is a subsidiary of the Tata Group, and this is also one of the largest integrated solar power producers in India. This has three business segments:
- Manufacturing solar cells and modules
- Procurement and construction (EPC) for solar power projects
- Other solar products
The company provides the best customizable services for specialized solutions such as education, banking, healthcare, telecom, etc. They operate their functionalities in both urban and rural areas. Currently, the total power capacity of the plant is 12.8 GW, of which 3.9 GW is presently from clean energy. They have an aim to contribute around 30% of it till 2030.
The second one on the list is Suzlon. They are the leading renewable energy companies, and they provide complete services in a wind energy project. They are the designers, developers, manufacturers of wind turbine generators (WTGs).
They also provide allied services and have a strong presence across the wind power value chain. Suzlon is doing its business in 18 countries across six continents. They have installed India’s largest wind energy capacity, which stood at 846 MW in FY20.
ReNew Power Ventures
Another renewable energy stock in India is the ReNew Power Ventures. They’re independent power producers, and the company is into the generation of non-conventional energy through solar and wind power. Currently, they are selling power production to the state electricity boards and large industrial companies in India.
ReNew power ventures were founded in 2011 and started operating in 2012. Their first project was to produce 25.20 MW from Jasdan, Gujarat. The current capacity that the company holds is more than 8.65 GW of wind & solar power assets, of this, more than 5.44 GW. This is already operational in the different cities. The company aims to double its portfolio of running plants and projects under implementation to 10,000 MW in five years.
Websol Energy Systems
Websol is another leading Best Green Energy Stocks in India. They manufacture solar cells and modules, and Websol is India’s largest manufacturer of solar cells and modules. Also, it holds the title of only pure-play solar cell manufacturer. Also, they service the growing needs of the renewable energy revolution in the country.
In 2021, the company has installed a solar power plant that can generate the energy of 110,089 KW per annum.
They have invested their money in cutting edge developments. This resulted in the manufacturing of world-class photovoltaic cells and solar modules at its state-of-the-art facility in Falta, SEZ. they have facilities of capacity 250 MW modules. Further, they have invested money in the R&D (research and development) team. This will help them focus on maximizing equipment utilization and quality standards with the objective of product customization.
Note – Also read our latest article about the Best Monopoly Stocks in India
Borosil Renewable is the leading low iron solar glass manufacturer for application in photovoltaic panels. They are the only producer of solar glasses in the country, and their fully tempered solar glass is the niche product for the glass modules.
The requirement is met through imports from China and Malaysia. Being the only producer of solar glass, they have a huge demand for manufacturing. They are currently aiming for a green energy project, and they are probably going to meet the target of installing 100 GW of solar capacity by 2022.
The company’s stock has been seeing growth over the past few months, and it has increased to 34% in a month. The company’s unique position is that it gets protection from an anti-dumping duty on its imports. There is price-setting power as such. Apart from this, the boom in manufacturing is because of the energy crises.
Inox Wind is another leading company on the Best Green Energy Stocks list in India. This is India’s largest manufacturer of wind turbine generators (WTGs). They are the creators of wind turbines producing green energy, which doesn’t cause any pollution or global warming.
It is critical to India green and pure motive when talking about wind energy. It is a dominating company in its sectors which makes it profitable. This energy produces highly affordable green hydrogen and green ammonia. Both of them are considered future fuels, which are touted as future fuels.
The company produces blades, tubular towers, hubs, and nacelles. These are built-in state-of-the-art facilities in Gujarat and Himachal Pradesh.
Another leading company for Best Green Energy Stocks in India is Adani Power. It is a top thermal power producer, and the capacity lies around is a producer of 12,450 megawatts. They also operate a mega solar plant of about 40 megawatts at Bitta Kutch, Gujrat. The current market capitalization of the company is approximately ₹38,222 crores.
Another leading firm in the renewables sector is JSW Energy. This is the part or subsidiary of the JSW conglomerate, India’s largest power sectors production company. This has been generating around 4543 megawatts of energy. But this is possible because of the combination of thermal power, hydel power and solar power.
Seeing the current sustainable energy scenario, they have taken a few steps towards green energy. One is by creating a 10-megawatt solar power plant, and JSW has invested in creating an asset base of a 1.77-megawatt. With the solar rooftop system and 10.46-megawatt ground mount solar system.
These are set up at the companies cement plant, thermal power plant, and hydel power plant spread over Andhra Pradesh, West Bengal, Maharashtra, Rajasthan and Himachal Pradesh. The current market capitalization of the company is ₹51,434 crore.
In conclusion, these are the top 8 companies providing Best Green Energy Stocks in India. These stocks are leading stocks to invest in. Considering the continuous steps of the government towards renewable energy, these stocks may give profit in the coming future. The stock market is subject to market risk, and always read about it before investing in it, and you can consider these stocks for the future.
Vikas Sharma works as SEO executive at kundkundTC that is the best sub-broker in India in offering Financial Services.