India, as one of the fastest-growing economies, has recognized the importance of transitioning from fossil fuels to renewable energy sources.
The potential for growth in the green energy sector is far-reaching, and by 2030 India aims to achieve 500 GW of non-fossil fuel-based power generation capacity.
In this blog, we will explore some of the best green energy stocks in India that promise sustainable growth for investors.
Green Energy Stocks for Sustainable Growth in India
Here are some best stocks to buy now in the green energy sector:
| S.No. | Stock Name | Share Price | Market Cap |
| 1. | Orient Green Power Company Ltd | ₹ 17.7 | ₹ 2,073 Cr. |
| 2. | Tata Power Company Ltd | ₹ 415 | ₹ 1,32,701 Cr. |
| 3. | Adani Green Energy Ltd (AGEL) | ₹ 1,106 | ₹ 1,75,184 Cr. |
| 4. | K.P. Energy Ltd | ₹ 588 | ₹ 3,925 Cr. |
| 5. | NTPC Ltd. | ₹ 342 | ₹ 3,31,194 Cr. |
1. Orient Green Power Company Ltd
Orient Green Power Company Ltd (OGPL) has emerged as a significant player in India’s green energy sector, focusing on renewable energy generation primarily through wind energy projects.
By using a hybrid model of wind and solar capacities, Orient Green Power Company intends to reach 1 GW installed capacity, increasing its presence in renewable energy.
As of March 31, 2024, Orient Green Power’s total installed capacity stands at approximately 402.3 megawatts (MW) across various renewable projects, predominantly in the wind energy segment across Tamil Nadu, Andhra Pradesh, Gujarat, Karnataka and also Europe.
The company’s stock is gaining traction among investors, thanks to its ongoing efforts to innovate within the green energy space and its potential for sustainable growth.
2. Tata Power Company Ltd
Another big player in the renewable energy sector is Tata Power, which is continuously increasing its solar and wind capacities.
Tata Power’s commitment to sustainability has been evident with its target of achieving 50% of its total capacity from renewable sources by 2030.
In comparison to the previous year, it reported a consolidated net profit of Rs 1200 crores, indicating a strong 20% year-over-year rise in 2024.
In addition to its generation capabilities, Tata Power has also entered into the space of providing electric vehicle (EV) charging solutions, which demonstrates a strategic alignment with the country’s clean transport agenda.
With its strong brand image and diverse approach to investing, this forges an investment opportunity for investors, especially as India’s renewable energy market is booming with expanding energy needs.
3. Adani Green Energy Ltd (AGEL)
Adani Green Energy Ltd, a major player in India’s renewable energy market, is committed to building one of the largest renewable power portfolios in the world.
AGEL has made significant progress in the solar energy sector and has achieved a total operational capacity of over 10.9 GW in 2024. The company aims to have 50 GW of renewable energy capacity by 2030.
AGEL’s rapid expansion is supported by stable long-term power purchase agreements (PPAs) with government entities, ensuring stable revenue streams.
The company’s commitment to sustainability is also reflected in its plans to expand its green hydrogen initiatives, catering to the growing demand for cleaner fuels.
With a solid growth trajectory and government backing, Adani Green Energy stands as a prime candidate for investors looking for exposure to the renewable sector in India.
4. K.P. Energy Ltd
K.P. Energy Ltd. is known for building wind energy projects, primarily in Gujarat. The company holds a portfolio of solar power plants and wind energy generation assets with a total capacity of 18.4 MW.
The company has carved a niche for itself by facilitating the infrastructure development of utility-scale wind power generation. Over the past few years, K.P.
Energy has demonstrated impressive revenue growth, highlighting its operational efficiency and the rising demand for renewable energy.
By 2025, the company hopes to have 100 MW of IPP capacity. K.P.
Energy’s strategic expansions and support by the government make it one of the strong contenders in the Indian green energy market for investors looking to invest in green energy.
5. NTPC Ltd.
India’s largest power producer, NTPC Ltd, has taken significant steps to invest in renewable energy to diversify its energy portfolio and lower its carbon footprint.
Traditionally, the company was involved in thermal power generation, but now it is strategically expanding its renewable assets and it currently has an aggregate installed capacity of 75.958 GW.
NTPC’s investments in solar, wind, and hydroelectric power align with India’s clean energy objectives. By 2032, the company wants to reach a total generation capacity of 130 GW.
A strong financial foundation with a consistent dividend history makes NTPC an interesting option for investors seeking stable returns while contributing to sustainable development.
Conclusion
The Indian renewable energy sector is experiencing unprecedented growth, driven by government initiatives, technological advancements, and a global shift towards sustainable practices.
With India’s transition to renewable energy, these companies are poised to take advantage of the new trends and can be attractive to investors seeking sustainable growth in the green energy market.
