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Green Energy Stocks: Top Green Energy Shares in India (2026)

Green energy stocks in India include companies in solar, wind, hydro, bioenergy, storage, and green hydrogen. By January 2026, non-fossil power capacity reached 271.97 GW, with renewables at 263.19 GW. India’s 500 GW target for 2030 continues to support sector expansion.

Best Green Energy Stocks in India (2026)

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NameStocks (20)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Adani Green Energy LtdADANIGREENRenewable EnergyRenewable Energy2,05,888.782,05,888.781,249.951,249.95124.63124.631.651.6551.9451.9424.4724.4732.8332.839.129.127.227.228.598.59--3.553.552.942.94
2.Tata Power Company LtdTATAPOWERPower Transmission & DistributionPower Transmission & Distribution1,47,560.781,47,560.78461.80461.8037.1637.161.901.9020.8420.8415.8415.8416.8816.883.463.469.819.819.959.950.540.541.481.481.541.54
3.JSW Energy LtdJSWENERGYPower GenerationPower Generation1,02,016.641,02,016.64580.90580.9052.2952.291.241.2423.0723.078.318.3121.9921.993.513.517.797.795.775.770.340.341.731.732.092.09
4.NHPC LtdNHPCRenewable EnergyRenewable Energy85,764.5185,764.5185.3885.3828.5228.522.582.5813.3313.330.890.89-1.60-1.601.901.906.756.756.446.442.242.240.880.881.781.78
5.Indian Renewable Energy Development Agency LtdIREDASpecialized FinanceSpecialized Finance38,781.4438,781.44138.05138.0522.8322.830.040.0422.9422.94-8.86-8.86-17.77-17.773.783.7818.0418.042.812.81--6.316.312.192.19
6.SJVN LtdSJVNRenewable EnergyRenewable Energy32,141.7932,141.7981.7981.7939.2139.211.721.7226.4526.45-7.23-7.23-16.55-16.552.272.275.805.804.474.471.791.791.901.902.422.42
7.Inox Wind LtdINOXWINDHeavy Electrical EquipmentsHeavy Electrical Equipments17,812.9517,812.95103.07103.0739.7439.74-0.98-0.9833.8133.81-32.77-32.77-40.00-40.003.183.1810.0610.0612.3512.35--0.270.272.572.57
8.KPI Green Energy LtdKPIGREENRenewable EnergyRenewable Energy9,535.039,535.03459.65459.6529.8429.84-0.33-0.3328.0728.07-12.05-12.0515.3315.333.633.6318.4418.4413.0213.020.170.170.560.563.183.18
9.Inox Green Energy Services LtdINOXGREENHeavy Electrical EquipmentsHeavy Electrical Equipments7,223.647,223.64179.92179.92364.65364.65-1.20-1.2032.9032.90-32.98-32.9824.7624.763.663.661.191.192.562.56--0.090.093.293.29
10.Borosil Renewables LtdBORORENEWHousewaresHousewares7,193.097,193.09513.10513.10-103.41-103.41-0.72-0.7235.1935.19-23.74-23.741.871.877.207.20-7.35-7.35-3.59-3.59--0.250.252.912.91
11.Sterling and Wilson Renewable Energy LtdSWSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services4,981.474,981.47213.31213.31-16.10-16.10-1.25-1.2538.1138.11-3.87-3.87-27.74-27.745.015.018.368.36-7.32-7.32--0.940.943.093.09
12.K.P. Energy LtdKPELRenewable EnergyRenewable Energy2,456.432,456.43363.40363.4021.3021.300.360.3642.8742.87-12.75-12.75-6.56-6.567.877.8746.4646.4628.5528.550.160.160.810.813.403.40
13.BF Utilities LtdBFUTILITIERenewable EnergyRenewable Energy2,144.982,144.98569.45569.4514.6414.640.140.1447.9547.95-22.59-22.59-23.03-23.032.042.0416.5716.5728.0728.07--0.790.792.842.84
14.Orient Green Power Company LtdGREENPOWERRenewable EnergyRenewable Energy1,492.101,492.1012.7212.7238.4538.4513.4713.4747.7447.74-5.43-5.430.710.711.391.394.194.197.467.46--0.520.523.003.00
15.Zodiac Energy LtdZODIACRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services524.37524.37346.72346.7226.2626.26-1.87-1.8753.3853.38-6.14-6.14-9.45-9.455.435.4327.7127.7117.4417.440.220.221.811.813.683.68
16.Indowind Energy LtdINDOWINDRenewable EnergyRenewable Energy179.68179.6811.1611.16142.60142.601.091.0948.2148.21-27.49-27.49-43.03-43.030.640.640.490.491.831.83--0.020.023.543.54
17.WAA Solar LtdWAARenewable EnergyRenewable Energy91.1291.1268.6868.6813.0513.05-1.89-1.8946.8746.876.586.58-15.98-15.980.490.493.803.802.932.93--0.770.774.234.23
18.Energy Development Company LtdENERGYDEVRenewable EnergyRenewable Energy82.7982.7917.4317.43-0.85-0.851.281.2831.8531.85-12.19-12.19-12.01-12.013.613.61-136.29-136.29-83.45-83.45--5.275.273.783.78
19.Karma Energy LtdKARMAENGRenewable EnergyRenewable Energy58.4758.4750.5450.5437.2437.24-4.04-4.0443.1743.17-12.80-12.80-3.22-3.221.461.464.004.003.783.78--0.050.054.014.01
20.KKV Agro Powers LtdKKVAPOWRenewable EnergyRenewable Energy36.4836.48614.00614.0021.7121.710.000.000.000.0019.8919.8937.8437.841.601.607.647.6412.7812.780.780.780.380.384.954.95
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with the green energy sector in India, based on publicly available information. Sorted based on market capitalisation.

Union Budget 2026-27: Green Energy Sector in India

The Union Budget 2026–27 continued policy and fiscal support for India’s clean energy transition through customs reliefs, scheme continuity, and funding for transmission and emerging green technologies, as reflected in official Budget documents and government releases.

  1. Customs duty relief supported clean energy manufacturing: The Budget extended basic customs duty exemptions on capital goods used for manufacturing lithium-ion cells for batteries and on sodium antimonate used in solar glass manufacturing, as stated in official PIB releases accompanying the Budget.
  2. Green Energy Corridor funding remained part of MNRE expenditure: The Expenditure Budget for the Ministry of New and Renewable Energy (MNRE) continued allocations for the Green Energy Corridor programme, aimed at expanding intra-state transmission infrastructure to support renewable power evacuation.
  3. PM Surya Ghar Muft Bijli Yojana continued under Budget support: Budget documents reflected continued funding and accounting support for the PM Surya Ghar Muft Bijli Yojana, reinforcing rooftop solar adoption through MNRE-linked expenditure heads.
  4. National Green Hydrogen Mission remained a stated priority: The Expenditure Budget reiterated the National Green Hydrogen Mission’s objective of developing domestic capacity for production, use, and export of green hydrogen and its derivatives, indicating policy continuity rather than a new announcement.

How to Invest in Green Energy Stocks?

Investing in best green energy stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in green energy stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for Green Energy Stocks: Go to Tickertape Stock Screener and search for the ‘Renewable Energy’ sector.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of Best Green Energy Stocks in India

Adani Green Energy Ltd

Adani Green Energy Ltd is India’s largest pure-play renewable energy company, operating utility-scale solar and wind projects. With an ambitious target of 45 GW by 2030, it’s central to India’s clean energy transition and has one of the world’s largest renewable pipelines under development.

Tata Power Company Ltd

Tata Power is a diversified energy giant with a strong push into renewables. It operates solar and wind farms, rooftop solar projects, and EV charging infrastructure. Its focus on clean energy and smart grid solutions positions it as a leader in India’s sustainable power revolution.

JSW Energy Ltd

JSW Energy is expanding rapidly into green energy, including solar, wind, and hydro. With a growing renewable portfolio and focus on energy storage, green hydrogen, and decarbonisation technologies, it aims to become a 20 GW green energy company by 2030.

NHPC Ltd

NHPC is India’s largest hydropower company, operating several large-scale hydroelectric plants. It’s also diversifying into solar and wind power. As a public sector enterprise, NHPC plays a key role in India’s clean energy mix, ensuring grid stability through flexible hydropower generation.

Indian Renewable Energy Development Agency Ltd

IREDA is a government-owned financial institution that funds renewable energy and energy efficiency projects. It acts as a green energy catalyst, offering loans and financial services to clean energy developers across solar, wind, hydro, and biomass sectors, supporting India’s net-zero vision.

What are Green Energy Stocks?

Green energy stocks are companies developing technologies that use renewable resources to generate energy with little to no pollution. The most common sources of green energy include sunlight, wind, and heat. These can also include low-impact hydroelectric power and certain types of biomass. Companies that produce energy with no carbon emissions and aim to reduce reliance on fossil fuels are classified as green energy companies in India.

About the Green Energy Sector

India’s green energy sector spans solar, wind, hydro, bioenergy, storage, and green hydrogen. As of January 2026, renewable sources made up 263.19 GW of installed power capacity, while non-fossil capacity reached 271.97 GW. Solar led with 143.60 GW and wind with 55.13 GW, supported by policy and grid expansion efforts.

Types of Green Energy Stocks

Solar Energy Stocks

Solar stocks in India include companies that specialise in solar power generation. These companies manufacture solar panels and offer installation services for residential, commercial, and utility-scale solar projects.

Wind Energy Stocks

Wind energy stocks in India are tied to companies that produce or install wind turbines. These stocks have gained attention as renewable energy sources become increasingly important in the Nifty Energy Stocks Index.

Hydro Energy Stocks

Hydroelectric energy stocks are held by companies that operate hydroelectric power stations, using natural water flow to generate electricity. These stocks contribute to India's share of renewable energy.

Geothermal Energy Stocks

Geothermal energy stocks include companies that develop geothermal power plants. These companies use Earth's natural heat to generate electricity, diversifying India's green energy sector.

Bioenergy Stocks

Bioenergy stocks in India include companies that produce and supply biofuels such as ethanol and biodiesel, as well as operate biomass power plants that use organic materials. These companies are part of India's growing green energy sector.

Features of Green Energy Stocks in India

Wide Sector Coverage

Green energy stocks in India cover solar, wind, hydro, bioenergy, battery storage, transmission-linked businesses, rooftop solar, and green hydrogen. This makes the green energy sector broader than just renewable power generation.

Strong Renewable Base

India added 48,436 MW of renewable energy capacity in 2025, including 37,945 MW of solar and 6,347 MW of wind. This shows that many listed companies operate in the green energy sector with ongoing capacity expansion.

High Solar and Wind Exposure

As of 2026, solar and wind remain the biggest parts of India's clean energy build-out. Many green energy stocks, therefore, depend on project execution and equipment supply in these two segments, as well as on policy support.

Expansion into New Segments

The sector now goes beyond utility-scale projects. Rooftop solar additions reached 9,566.89 MW by 20 March 2026, and green hydrogen is also emerging as a new business layer.

Policy-Linked Business Models

A large part of the sector depends on government auctions, incentives, domestic manufacturing support, and long-term renewable targets. That policy linkage shapes revenue visibility and project pipelines.

Advantages of Investing in Green Energy Stocks

Exposure to a Fast-Growing Sector

Green energy stocks give exposure to a sector that continues to expand in capacity, manufacturing, and supporting infrastructure. India's 2025 renewable capacity addition was among the strongest annual increases in recent years.

Support from Long-Term Policy Goals

The sector benefits from national targets, auction activity, and energy transition policies. These factors help sustain interest in renewable generation, storage, and related manufacturing.

Growth Beyond Power Generation

The opportunity now extends into rooftop solar, electrolyser manufacturing, and green hydrogen production. Under the green hydrogen incentive scheme, 15 companies received awards for 3,000 MW of electrolyser manufacturing capacity per year, while 18 companies received awards for 8.62 lakh tonnes of green hydrogen production capacity per annum.

Multiple Business Models

The sector includes developers, equipment makers, EPC players, transmission-linked businesses, and new-energy manufacturers. This gives the theme more variety than a single-industry segment.

Rising Distributed Energy Adoption

Rooftop solar capacity has scaled up meaningfully, supporting demand among installers, component makers, and related service providers.

Risks Associated With Investing in Green Energy Stocks

Execution Delays

Renewable projects can face delays in land acquisition, transmission connectivity, and commissioning. ICRA said renewable capacity addition may moderate to about 40 GW in FY2027, down from an estimated 47 GW in FY2026, as transmission infrastructure is not scaling fast enough.

PPA and Offtake Risk

Companies may announce large pipelines, but revenue depends on the timely execution of power purchase agreements and project tie-ups. Delays in signing PPAs can slow execution and affect visibility.

Input Cost Pressure

Equipment prices, module costs, and other project inputs can affect margins. This matters especially for EPC players, manufacturers, and developers with aggressive expansion plans.

Dependence on Policy Support

The sector remains closely linked to incentives, auctions, and domestic manufacturing rules. Any policy delay, change, or weaker implementation can affect timelines and profitability.

Counterparty and Cash Flow Risk

Renewable companies also face payment and receivables risk when counterparties, such as distribution utilities, remain financially weak. This can affect working capital and debt levels.

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Factors to Consider When Investing in Green Energy Stocks

Business Segment

Green energy companies may operate in very different parts of the sector. A solar developer, wind turbine maker, rooftop solar installer, and green hydrogen company may all fall under the same broad theme, but their business models, revenue drivers, and operating risks can differ sharply.

Execution Track Record

Project commissioning timelines, PPA tie-ups, order book visibility, and operating asset build-out often shape how these businesses perform. In this sector, execution quality can influence outcomes as much as broader industry growth.

Balance Sheet Strength

Renewable energy businesses often require high upfront capital. As a result, debt levels, receivables, and cash flow quality can play an important role in understanding the company's financial position.

Policy Alignment

Many green energy businesses operate in segments influenced by sector policies, including solar expansion, rooftop adoption, domestic manufacturing, storage, and green hydrogen. Policy direction can affect business activity, project flow, and overall sector momentum.

Scalability of Demand

Different green energy segments are at different stages of development. Some areas already have visible capacity addition, while others remain at an earlier stage of rollout. This can affect the pace and scale of business expansion across companies.

Valuation Versus Business Quality

A company may belong to a fast-growing sector, but valuation can still differ from business fundamentals. Earnings visibility, execution performance, and return ratios often provide additional context, since sector growth alone does not remove company-specific risks.

Conclusion

As the world shifts toward sustainable solutions, green energy is capturing everyone’s attention. As always, shifts in consumer demand create new opportunities, existing companies adapt, and new companies emerge; the same can be expected in the green energy sector. Investors must conduct their own research and consult a financial expert before making any investment. You can also research the Tickertape Stocks 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!

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Frequently Asked Questions on Green Energy Stocks

  1. What are green energy stocks?

    Green energy stocks in India represent shares of companies involved in green energy sectors such as solar, wind, hydro, and bioenergy. These companies focus on producing clean energy, manufacturing renewable energy equipment, or providing related services. Investing in green energy stocks supports the global shift toward sustainable, environmentally friendly energy solutions.

  2. How to invest in green energy stocks?

    Here's how you can invest in Green Energy Stocks -

    1. Go to the Tickertape Stock Screener
    2. Click on 'Green Energy Stocks'.
    3. Analyse and sort the Green Energy Stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
    4. Review the filtered green energy stocks list with price, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click 'Place Order' to invest in your preferred Green Energy Stocks in India.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. Which green energy stocks are best?

    Top NSE-listed green energy stocks in India based on market cap include:
    1. Adani Green Energy Ltd
    2. Tata Power Company Ltd
    3. JSW Energy Ltd
    4. NHPC Ltd
    5. Indian Renewable Energy Development Agency Ltd

    Disclaimer: Please note that the above green energy stocks list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What sectors fall under green energy stocks?

    Green energy stocks can include companies linked to solar, wind, hydro, bioenergy, battery storage, green hydrogen, power transmission, renewable energy equipment manufacturing, and related clean energy services. In India, the theme can also encompass rooftop solar businesses, EPC companies, and component suppliers associated with renewable energy projects.

  5. What are the factors affecting the price of green energy stocks?

    Green energy stock prices in India are influenced by several factors:
    1. Government Policies: Incentives, subsidies, and regulatory frameworks can boost or hinder growth.
    2. Technological Advancements: Innovations in renewable energy technologies can enhance efficiency and reduce costs.
    3. Global Energy Prices: Fluctuations in fossil fuel prices can impact the competitiveness of renewable energy.
    4. Environmental Concerns: Increasing awareness and demand for clean energy influence investment trends.
    5. Company Performance: Financial health, project execution, and capacity additions affect investor confidence..

  6. What is the future projection of green energy stocks?

    India's green energy sector is poised for significant growth. In FY2024-25, renewable energy accounted for 86% of new power capacity additions, with a record 30 GW added. The government aims to achieve 500 GW of non-fossil fuel capacity by 2030. Companies like Suzlon and JSW Energy remain in focus in FY2026 due to capacity expansions and favourable policies.

    Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.

  7. How to choose green energy stocks for investing?

    Green energy stocks in India typically include companies active in solar, wind, and hybrid projects. Analysts may assess project pipelines, execution track records, and long-term Power Purchase Agreements (PPAs). Government targets under India's net-zero roadmap also influence the broader sentiment and opportunities in this space.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  8. Can beginners invest in green energy stocks?

    Beginners can explore green energy stocks, but the sector can involve policy dependence, execution delays, and price volatility. The level of suitability can vary based on an individual's financial goals, risk profile, and understanding of the green energy sector.

    This is for informational purposes only and should not be treated as investment advice. Please do your own research or consult a financial advisor before making any investment decision.

  9. Do green energy stocks offer regular dividends?

    Dividend policies vary across green energy companies, including some green energy stocks in India. JSW Energy declared a dividend of ₹2 per equity share for FY 2024-25, and its investor information page lists 11 July 2025 as the declaration date. KPI Green Energy declared an interim dividend of ₹0.20 per share in January 2026. Investors may review recent company announcements and dividend history for company-specific details.

    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

  10. Are green energy stocks a good investment for the long term?

    India's decarbonization goals and international climate commitments continue to shape green energy stocks. Long-term prospects depend on policy stability, cost-competitiveness, and project execution. Volatility from input costs and funding remains a factor. This applies across the listed space, including some green energy penny stocks.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  11. Which green energy penny stocks are available in India?

    The following is the list of green energy stocks under 10 Rs and 50 Rs, as of 2nd April:
    1. Energy Development Company Ltd
    2. Karma Energy Ltd


        3. Disclaimer: Please note that the green energy stocks list is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.