Green Energy Stocks in India (2025): Green Energy Sector Shares List

Last Updated on Mar 11, 2025 by vanessa sequeira

The world is slowly moving towards sustainable solutions for everything, even energy. Subsequently, the renewable energy sector has grown significantly over the past year, with over 15 Indian renewable energy stocks jumping more than 100%.

India, in particular, is at the forefront of this shift. The country has set ambitious goals to generate 50% of its electricity from non-fossil fuels by 2030 and achieve ‘net zero’ emissions by 2070. To reach this target, India prioritises clean energy initiatives with aggressive plans.

As a result, many companies are stepping up their efforts to contribute to a more sustainable planet. Several Indian companies are leading their way with green energy. In this article, let’s look at the top green energy stocks in India, the benefits and risks of investing in them, factors to consider before investing, and more.

List of Top 10 Green Energy Stocks in India

Note: The list of the best green energy stocks, with green energy stocks prices, is sorted by their 5-year Return on Investment (High to Low). The data is as of 19th February 2025 and the list is taken from Tickertape Stock Screener.

• Sector > Renewable energy
• 5Y Avg Return on Investment: Sorted from Highest to Lowest

Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

About the Top 10 Green Energy Stocks in India

Here is a brief overview of the top 10 green energy companies in India on our list of green energy stocks in India with price:

K.P. Energy Ltd

Founded in 2010, K.P. Energy Ltd is engaged in the development, construction, and operation of wind energy projects in India. This green energy company in India is pivotal in the country’s renewable energy goals. K.P. Energy contributes to the green energy business by developing large-scale wind energy projects that promote clean electricity generation in India.

BF Utilities Ltd

Established in 2000, BF Utilities Ltd focuses on the generation of renewable energy, primarily through wind energy farms. It has been pivotal in harnessing wind power for electricity generation, contributing to India’s sustainable energy goals and earning a spot on the list of green energy stocks in India. BF Utilities helps expand its green energy footprint through its wind power initiatives, making it one of the best green energy stocks in India.

KPI Green Energy Ltd

Incorporated in 2008, KPI Green Energy Ltd operates as a solar power company in India, engaging in the development and sale of solar power to industries. It plays a crucial role in advancing solar energy infrastructure in India. KPI Green Energy contributes to India’s renewable sector through its solar energy solutions, making it a prominent green energy company in India.

Premier Energies Ltd

Founded in 1995, Premier Energies Ltd is a leader in the renewable energy space, specialising in the manufacture of solar PV cells and modules. This solar power company in India is instrumental in supporting the nation’s transition to solar power. The company significantly advances India’s solar infrastructure, supporting large-scale solar energy projects.

SJVN Ltd

SJVN Ltd, founded in 1988, is a public sector entity involved in hydroelectric power generation. In recent years, it has diversified into solar and wind energy projects, reinforcing its role as a leading green energy company in India. SJVN’s multiple solar and wind power projects make it a reliable option for those looking to explore the renewable energy sector.

Orient Green Power Company Ltd

Established in 2006, Orient Green Power Company Ltd focuses on generating electricity through renewable sources, such as wind and biomass energy.  This green energy business plays a critical role in India’s efforts to promote renewable alternatives. The company’s development of wind energy projects contributes to its position on the list of green energy stocks in India.

KKV Agro Powers Limited

KKV Agro Powers Limited was established in 2012 and primarily engages in renewable energy production through wind power. This green energy company in India plays a modest yet impactful role in supporting India’s renewable energy goals. KKV Agro Powers is ideal for investors who are exploring renewable energy in niche markets.

Adani Green Energy Ltd

Incorporated in 2015, Adani Green Energy Ltd is a major player in India’s renewable energy sector, focusing on solar and wind energy production. It has become one of the top 10 green energy companies in India. The company, with vast solar and wind power capacity, is critical to India’s renewable energy push.

WAA Solar Ltd

Founded in 2009, WAA Solar Ltd develops solar power projects in India. It contributes to India’s renewable energy targets by focusing on solar photovoltaic projects. WAA Solar contributes to green energy by implementing large-scale solar projects.

Energy Development Company Ltd

Established in 1995, Energy Development Company Ltd operates hydroelectric power plants and engages in renewable energy production. The company is active in India’s hydropower sector, providing sustainable energy solutions. The company supports India’s green energy transition by focusing on hydroelectric power generation, making it one of the best green energy stocks in India.

Introducing “Green Energy” Stock Portfolios Managed by Experts

Did you know that you can invest in readymade green energy stock portfolios managed by SEBI-registered experts?

Let me tell you about smallcase.

smallcases are modern investment products that help investors build low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They are created and managed by SEBI-registered experts.

Among 500+ smallcases, here are some of the top green energy smallcases:

• Disclosures for Green Energy smallcase
• Disclosures for Electric Mobility smallcase

Note: These smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.

Relevant Union Budget 2025-26 Allocations for the Green Energy Sector

In the Union Budget 2025–26, Finance Minister Nirmala Sitharaman substantially reinforced India’s commitment to clean energy by raising the allocation for new and renewable energy by Rs. 9,251 cr. to Rs. 26,549 cr., reflecting a decisive push to reduce dependence on fossil fuels and strengthen the transition to low-carbon growth. The following section provides a concise overview of the budget’s key allocations and initiatives aimed at accelerating India’s green energy shift.

• The Ministry of New and Renewable Energy (MNRE) budget estimate for 2025-26  stands at Rs. 25,649 cr., reflecting a 39% increase compared to last year’s initial estimate of Rs. 19,100 cr.
• Rooftop solar adoption under PM Surya Ghar received a major boost in the Union Budget 2025-26 with Rs. 20,000 cr. allocated—an 80% jump from the revised estimate of Rs. 11,100 cr. in 2024-25. The scheme aims to provide up to 300 units of free electricity monthly to lower- and middle-income households while subsidizing rooftop solar installations.
• For evacuating renewable power to the national grid, Rs. 600 cr. has been set aside for Green Energy Corridors (GECs) in 2025-26—matching the 2025-25 revised estimate (RE). 
• The PM-KUSUM scheme has been allocated Rs. 2,600 cr. for 2025-26, up from Rs. 2,525 cr. in 2024-25 (RE). This initiative is among the world’s largest programs to solarise agriculture pumps, directly benefiting over 35 lakh farmers by reducing diesel dependence and lowering operational costs. 
• The National Green Hydrogen Mission sees its budget doubled to Rs. 600 cr. in Union Budget 2025-26, against Rs. 300 cr. (RE) in 2024-25. Targeting an annual production of 5 million metric tons by 2030, this mission seeks to transform India into a major global producer and exporter of green hydrogen.

Green Energy vs Renewable Energy

Green energy is an umbrella term for all renewable energy sources that emit little to no pollution. Though ‘green energy’ and ‘renewable energy’ are often used interchangeably, one essential difference exists between them. While green energy sources are considered renewable, not all renewable energy sources are considered entirely green.

For example, solar power is a green and renewable energy; burning wood is renewable because you can grow more trees, but it is not green, as it pollutes the atmosphere. Green energy is a subset of renewable energy. If you are exploring options in the renewable energy stocks list, it’s important to understand these differences.

What are Green Energy Stocks?

Green energy stocks represent companies involved in developing alternative technologies with renewable resources that emit little to no pollution. The most prevalent sources of green energy include sunlight, wind, and heat. Additionally, these energy sources can encompass low-impact hydroelectric sources and specific forms of biomass. Companies that aim to produce no carbon emissions using these resources while reducing fossil fuel dependence are classified as green energy companies in India. 

This sector forms a crucial part of the renewable energy sector stocks in India, promoting sustainability and eco-friendly energy solutions.  Investors looking at the top green energy companies in India often find these companies focus on advancing green and renewable technologies.

Types of Green Energy Stocks

Numerous green energy stocks in India are available for investors to explore. Below are some key categories of renewable energy stocks in India you can invest in from the bourses.

• Clean Energy Stocks: These green energy stocks focus on producing and delivering clean, renewable energy sources like solar, wind, hydro, geothermal, and bioenergy. These companies contribute significantly to clean energy India initiatives, making them attractive options for investors.
• Solar Energy Stocks: Green energy companies that specialise in producing energy through solar power are referred to as solar energy stocks. These companies are also involved in manufacturing solar panels and offering installation services for solar power projects on residential, commercial, and utility scales. As one step towards green and clean energy, solar companies play a vital role in the energy sector.
• Wind Energy Stocks: Renewable energy shares tied to the production or installation of wind turbines are known as wind energy stocks. These energy stocks have gained attention due to the increasing importance of renewable energy sources in the nifty energy stocks index.
• Hydro Energy Stocks: Companies that manage hydroelectric power stations leverage natural water flow to generate electricity, and the stocks of these energy companies are called hydro energy stocks. These contribute to the energy share list of renewable options in India’s energy sector.
• Geothermal Energy Stocks: This type of green energy stock encompasses companies involved in developing geothermal power plants. They use the Earth’s natural heat to generate electricity, contributing to the diversification of green energy companies in India.
• Bioenergy Stocks: Renewable energy companies capable of producing and supplying biofuels like ethanol and biodiesel, as well as operating biomass power plants using organic materials, are classified as bioenergy stocks in India. These companies are part of India’s expanding renewable energy companies list.

Benefits of Investing in Green Energy Stocks

The government initiated long-term plans to reach a non-fossil energy capacity of 500 GW and meeting 50% of energy requirements from renewable energy by 2030. This makes it evident that the government is taking substantial steps towards a more sustainable and environmentally friendly energy sector. Here are some key reasons to explore green energy stocks:

• Booming Sector: The government has introduced new initiatives to propel the green energy sector upward. As a result, many best green energy stocks in India have fared relatively well, with several stocks recording double-digit growth. Investors tracking top 5 energy stocks in India often find significant opportunities in this booming sector.
• Eco-Friendly: Green energy is produced from sources such as solar, wind, and hydro, which are inherently eco-friendly. By investing in a renewable energy company in India, you promote sustainability and support cleaner energy production.
• Reducing Carbon Footprints: As India aims to reduce projected carbon emissions by one billion tonnes by 2030, adopting green energy is a pivotal step. Investing in wind energy stocks in India and renewable energy companies in India can directly contribute to these ambitious goals, minimising carbon emissions.
• Portfolio Diversification: Adding green energy stocks to your portfolio can minimise risk by diversifying across the growing energy sector in India.
• Incentivised by Government: With global governments, including India’s, rolling out incentives and subsidies, the top 5 energy stocks in India stand out as attractive investment avenues in the energy sector stocks category.

How to Invest in Green Energy Stocks India?

You can follow these steps to approach investments in the best green energy stocks in India:

1. Research the renewable energy stocks that interest you: Investors can examine the top 10 energy companies in India and other renewable energy stocks in India.
2. Evaluate the stock price and analytics: Investors can review the green energy share list and share prices to understand the various market valuations. This will help you choose stocks from the list of energy stocks available in India.
3. Selection of stock types: Investors may choose from clean energy stocks, nifty energy stocks, or even green energy penny stocks India below 1 rupee, depending on their investment objectives and risk appetite. These energy stocks range from mid-cap to high-cap with different potential returns and risk profiles.
4. Analysing financial health and position: Evaluate financial reports, market performance, and growth potential of the renewable energy share in India you’re interested in. This evaluation ensures a better understanding of the green energy stock portfolio’s outlook.
5. Use advanced tools: Tickertape Stock Screener help create a personalised ‘Custom Universe’ for analysing renewable energy shares. With over 200 filters, you can easily tailor criteria and build a unique green energy portfolio.

Risks of Investing in Green Energy Stocks

While green energy stocks in India hold great potential, there are certain risks:

• Reliance on Thermal Energy: India heavily relies on thermal energy, particularly coal-based power, which accounted for 75% of energy generation in FY 2022-23. This makes the shift to green energy more challenging due to the affordability of fossil fuels.
• Intermittent Energy Supply: Renewable energy production, particularly from solar and wind, is dependent on natural elements, leading to intermittent power generation. This irregularity complicates reliable power distribution, impacting even the best energy stocks in the green energy sector.
• Fluctuating Energy Demand: Meeting peak energy demands, especially during evening hours, is difficult due to fluctuating demand patterns in India. These inconsistencies can influence the performance of top solar energy stocks in India. 
• Energy Storage Costs: Despite potential storage solutions like batteries, current cost inefficiencies hamper widespread adoption. Technological advancements are needed to reduce costs and make energy storage more sustainable. However, experts like AK Saxena of TERI believe that renewables could account for 42% of India’s energy supply by 2030. This could further drive investment in green energy companies and green fuel stocks.

However, there is optimism regarding the potential of batteries as sustainable storage options. Technological advancements and improved infrastructure could lead to cost-efficient and scalable battery storage solutions, facilitating India’s transition to a greener energy future. AK Saxena of TERI suggests that by 2030, renewables could account for 42% of India’s energy supply.

Factors to Consider Before Investing in Green Energy Stocks

• Government Policies: With government policies subject to change (either increase or decrease of investment in sectors), analyse the current government policies around green energy companies.
• Innovation: Identify companies looking to scale their production by integrating new-age tools or technology to produce green energy.
• Competition: Identify companies with a competitive edge in the green energy sector and carefully analyse them before investing. Evaluate their market position to determine how they stack up against other top 10 energy companies in India.
• Risk: You can identify risks associated with the top renewable energy companies in India by checking the Red Flags on the Tickertape Scorecard.

Conclusion

With the world slowly shifting towards sustainable solutions, green energy is capturing everyone’s attention. Like always, a shift in consumer demand brings up new opportunities, old companies shift to a new way, and new companies emerge; the same can be expected for the energy sector. Investors must conduct their own research and remember to consult a financial expert before making any investments. You can also research the Tickertape stocks/mutual funds screener. With over 200 filters, custom filters, pre-built screens,  custom universes, a linking watchlist, export data, and more features, Tickertape Stock Screener can be your go-to destination for stock analysis and research!

Frequently Asked Questions on Green Energy Stocks

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Harshit Singh

Content Strategist at Tickertape

Hey there, I’m Harshit Singh Mahey! With eight years of experience as a Content Strategist, I’ve had the pleasure of working with a Fortune 100 company and building three successful startups from the ground up.

As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.

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