The Future is Green! Here Are India's Top Renewable Energy Companies

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
  • Home
  • Views On News
  • Jul 17, 2021 - The Future is Green! Here Are India's Top Renewable Energy Companies

The Future is Green! Here Are India's Top Renewable Energy Companies

Jul 17, 2021

India is one of the world's fastest-growing economies and rapid commercialisation has led to the nation's increased carbon footprint.

In order to make India cleaner and greener, one of the most feasible ways is to adopt alternative energy sources such as wind and solar.

The country is among the largest renewable energy markets in the world, ranking third in solar, fourth in wind, and fifth in hydro power capacity.

India's energy needs are constantly on the rise because of growing economy. Moreover, countering air pollution has become one of the government's top priorities.

To achieve this, India has set out the world's largest expansion plan for renewable energy - a 5x increase of installed capacity to 450 gigawatt (GW) by 2030.

The government also plans to set up over 50 solar parks and ultra-mega solar power projects targeting over 40,000 megawatt (MW) of capacity.

--- Advertisement ---
[Alert] Sell These 3 Stocks Immediately

These 3 stocks are ticking time bombs in your portfolio.

It is very likely that you could be owning these 3 overvalued...

fundamentally weak... ready to crash stocks... in your portfolio today.

Because many stock brokers have painted rosy pictures of these stocks. But the reality is starkly different.

If the market crashes, then these stocks could wipe out your wealth.

You should get rid of these stocks as soon as possible.

We are going to reveal details of these 3 landmines at our upcoming special event at 5 pm on September 24.

You can click here to sign-up. It's free
------------------------------

Prominent players in renewable space

Although the sector is still evolving, India's renewable energy capacity has more than tripled over the past five years.

The major renewable energy companies in India can broadly be divided into two categories - private firms and state owned enterprises (known as public sector undertakings or PSUs).

Private companies

#1 Adani Green Energy

One of the best-performing stock in the private renewables market in India is Adani Green Energy (AGE).

It's a subsidiary of the infrastructure-oriented Adani group, which is also India's largest private power company.

AGE has almost 14.8 GW of capacity under construction or installed, and it intends to grow to 25 GW by 2025.

It holds the ambition of becoming the largest solar company worldwide.

Recently, the company acquired SB Energy's solar and wind power portfolio from SoftBank and Bharti Group.

This included 4,180 MW of solar projects, 450 MW of wind-solar hybrid plants, and 324 MW of wind power projects.

#2 Tata Power

The third largest power producer is the venerable Tata Group's Tata Power.

Tata Power, together with its subsidiaries and joint entities, has 12,772 MW of generation capacity.

From energy-saving power services, to making India electric vehicle (EV) ready with multi-city EV charging stations and being India's #1 rooftop solar provider.

The company today has 30% of clean energy generation in its portfolio including solar and wind generation. They aim to grow this to 40-50% in the next few years.

REVEALED: 3 "Super Smallcaps" You Didn't Know About

Public sector companies

#1 NTPC

A list of power PSUs in India would be incomplete without the National Thermal Power Corporation (NTPC).

NTPC is the largest energy producer in India, with a total installed capacity of about 66 GW and about the same under development.

NTPC is the first one to declare its energy compact goals as part of the UN High-level Dialogue on Energy.

It has committed to set up 60 GW at an estimated investment of through renewable energy sources by 2032 by when the total capacity is expected to reach 132 GW.

The target has been scaled up from the previous 30 GW planned by the company till 2032.

NTPC targets adding nearly 4,000 MW of clean energy capacity every year, which would be scaled up to 8,000 MW towards 2032.

Recently, NTPC said that it will set up India's largest solar park of 4.8 GW at Rann of Kutch in Gujarat from where it will also generate green hydrogen on a commercial scale.

India's largest power generation utility's subsidiary NTPC Renewable Energy has received the go-ahead from the ministry of new and renewable energy.

This comes against the backdrop of reports about NTPC's plans to list NTPC Renewable Energy.

--- Advertisement ---
INSIDER SECRET: An Astonishingly Easy Way to Pile Up Potentially 40-60% Gains in Just 1 Year

India's most well-connected trader with over 35 years of experience just confessed...

"This Lucrative Market Segment Could Leapfrog Over Nifty in The Next 12-16 Months"

... thanks to a massive and irreversible mega-trend fueling its growth!

In fact, he and his partner have already identified 2 spectacular stocks from this segment... which are ready to rake in potentially 40-60% gains in just 1 year... and make you big, fat profits!

The best part of them all...

Their Details Are Packed in This Special Report (Discover How to Claim it for Free)
------------------------------

#2 NHPC

The equivalent of NTPC in the hydropower sector is National Hydro Power Corporation (NHPC).

This venture was founded by the government in 1975, with the specific objective of promoting and developing the use of water as a renewable source.

Since then, it has come a long way - it now has a portfolio of about 11 GW and assets worth more than US$9 bn.

NHPC has an installed power generation capacity of around 7,000 MW, which predominantly includes hydropower (around 6,900 MW) as well as 50 MW each of solar and wind power capacity.

Recently, NHPC invited bids from engineering, procurement, and construction (EPC) contractors for a 600 MW interstate transmission system (ISTS)-connected solar photovoltaic project and associated power transmission lines.

The project will be developed in the Deora village of the Jaisalmer district in Rajasthan.

Apart from the above top 4 stocks, here is the list of other renewable energy companies.

Company Total Capacity (MW)
Adani Power 10,480
Torrent Power 3,879
JSW Energy 4,531
Suzlon Energy 12,900
Data Source: Company Website

Reasons to invest in renewable energy stocks

There is an ongoing debate on global warming and climate change along with increasing crude oil prices and how they are deteriorating the overall climate of the planet.

This has forced governments around the world to introduce more ways to utilise renewable energy.

Increasing government spending, new policies that favour renewable energy, and regular incentives have driven people to invest in renewable energy stocks now more than ever.

Here is why you should watch out for renewable energy stocks, given the current climate scenario.

Technological advancement

As the renewable energy sector is growing, there is a massive scope of technological progress within this industry.

New technologies are being invented to reduce the effective cost of instalment, so that more people, even in the rural areas, can afford renewable energy sources.

Apart from this, the government is constantly working to encourage the use of electric vehicles to decrease pollution.

Government support and tax incentives

Our government is continuously making laws and policies and providing a vast budget for the renewable energy sector.

The prospect of renewable energy sector can also be understood by the fact that the Indian government has signed the Paris climate contract which requires investing in renewable energy sources.

The government has understood the need to identify more renewable energy sources. With time, the government will increase its budget towards this sector. The government provides regular incentives and subsidies to anyone who uses these resources. This will increase the value of the companies of this sector.

Thus, the market has potential for strong overall growth in the decade to come.

Investors hoping to profit from India's renewable growth should look into the financials, management, business strategy, and all other fundamental factors of the companies in this sector before investing in them.

For more detailed updates, read our power sector report and check the latest power sector results.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...

Equitymaster requests your view! Post a comment on "The Future is Green! Here Are India's Top Renewable Energy Companies". Click here!

  

More Views on News

KEI INDUSTRIES at All Time High; BSE POWER Index Up 0.8% (Market Updates)

Sep 16, 2021 | Updated on Sep 16, 2021

KEI INDUSTRIES share price has hit an all time high at Rs 856 (up 3.4%). The BSE POWER Index is up by 0.8%. Among the top gainers in the BSE POWER Index today are KEI INDUSTRIES (up 3.4%) and ADANI TRANSMISSION (up 0.4%). The top losers include THERMAX (down 0.2%) and NHPC (down 0.2%).

Here's Why the Stock of IEX is Gaining Steam on the Bourses (Views On News)

Sep 1, 2021

IEX shares have rallied 28% in three trading sessions. Here's what is driving the rally.

How Tata Power is Riding the EV Opportunity Without Making Any Cars (Views On News)

Aug 25, 2021

Tata Power plans to become the leading EV charging network provider in India with over 1 lakh chargers installed by 2026.

Solar's Hot. Here are 4 Companies to Look Out for (Views On News)

Aug 18, 2021

These companies are vital to the growth of the solar power industry in India.

Adani Power Reports Turnaround Results Aided by Rising Electricity Demand (Views On News)

Aug 6, 2021

The company's bottomline was aided by higher revenues due to rising electricity demand.

More Views on News

Most Popular

All You Need to Know About Primary and Secondary Markets

A look at the various types of primary and secondary markets and the key differences between them.

5 Small-cap Stocks with Zero Debt (Views On News)

Sep 3, 2021

In this article, you will get a list of 5 debt free small-cap companies that are worth tracking.

Sansera Engineering IPO: Key Points to Consider (Views On News)

Sep 8, 2021

This IPO is a pure OFS and the company is looking to raise Rs 12.8 bn at the upper price band of Rs 744.

5 Stocks that Turned Rs 1 Lakh into Rs 1 Crore (Views On News)

Sep 7, 2021

Patience is one of the biggest virtues you need to have if you want to become a crorepati in the stock market.

Put the Odds in Your Favour to Find Smallcap Multibaggers (Profit Hunter)

Sep 3, 2021

A handy checklist to find multibagger smallcaps.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE POWER


Sep 16, 2021 (Close)

MARKET STATS