Indian Renewable energy Stocks

India’s Renewable Energy Sector Is Charging Ahead

India’s renewable energy market is buzzing like never before. Driven by ambitious green goals, progressive government policies, and rising investments, the country is emerging as a global leader in clean energy. For investors eyeing renewable energy stocks in India, the outlook is incredibly promising. Here’s a detailed look at the sector’s growth, key players, government initiatives, and what it means for anyone interested in clean energy investments.

As of July 2024, India’s renewable energy capacity reached 150.27 gigawatts (GW). Non-fossil energy sources powered 44.72% of the nation's electricity grid by October 2024. According to ICRA, India’s renewable capacity is projected to touch 170 GW by 2025, a steep rise from 136.57 GW at the end of 2023. The bigger ambition? A massive 450 GW renewable capacity by 2030, with solar energy contributing about 280 GW. Highlights: · In FY 2023-24, India added 18.48 GW, a 21% growth over the previous year. · Solar power led the charge, achieving 16.9% of total electricity production and making up 40.1% of India’s renewables. · Hydropower is surging too, with an additional 15 GW expected, boosting total hydro capacity from 42 GW to 67 GW by 2032.

The Indian government’s commitment to clean energy is clear: · 500 GW non-fossil capacity target by 2030, announced at COP26. · 2024-25 Interim Budget doubled the allocation for solar energy to ₹8,500 crore (US$ 1.02 billion). · PM-KUSUM Scheme revamped to encourage farmers to adopt solar pumps and grids. · States like Rajasthan signed landmark agreements, like the 28,500 MW project with NTPC Green Energy. With India aiming for Net Zero emissions by 2070 and 50% renewable electricity by 2030, the stage is set for renewable energy stocks in India to shine

India’s clean energy sector is a magnet for global and domestic investors: · US$ 17.88 billion in Foreign Direct Investment (FDI) from April 2000 to March 2024. · By 2030, the sector may attract US$ 360 billion in total investments. · Solar energy projects alone could secure US$ 15.5 billion, while energy storage is projected to receive US$ 2.7 billion. Clearly, the future of renewable energy stocks and clean energy stocks in India looks brighter than ever.

Solar Energy Leaders · Adani Green Energy Ltd o Market Cap: ₹1,42,174.84 Cr | P/E: 129.25 o Focus: Solar & Wind Power o Net Profit Growth: 92.2% YoY ·

KPI Green Energy Ltd o Market Cap: ₹7,398.16 Cr | P/E: 45.76 o Focus: Solar power production and sale · 

Borosil Renewables o Specialization: Solar glass for photovoltaic panels Wind Energy Giants · 

K P Energy Ltd o Market Cap: ₹2,800.31 Cr | P/E: 47.75 o 156.8% YoY Revenue Growth · 

BF Utilities Ltd o Focus: Wind energy generation Hydroelectric Energy Stocks · 

SJVN Ltd o Market Cap: ₹35,175.60 Cr | P/E: 38.59 o Focus: Hydro, solar, and wind energy Diversified Energy Companies · 

JSW Energy Ltd o Market Cap: ₹76,857.07 Cr | P/E: 44.61 o Extensive renewable energy portfolio These companies represent some of the best renewable energy stocks in India, offering strong growth potential across solar, wind, and hydroelectric segments.