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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 Energy2,17,427.252,17,427.251,281.301,281.30131.61131.61-1.37-1.37-9.45-9.4550.8050.8031.2331.237.287.286.306.306.916.91--3.473.473.063.06
2.Tata Power Company LtdTATAPOWERPower Transmission & DistributionPower Transmission & Distribution1,19,601.561,19,601.56364.65364.6531.9231.92-0.64-0.64-4.54-4.54-5.47-5.47-6.04-6.042.522.528.318.318.798.790.670.671.601.601.521.52
3.JSW Energy LtdJSWENERGYPower GenerationPower Generation99,858.8499,858.84526.45526.4544.5944.59-0.75-0.75-9.53-9.537.887.880.940.942.972.977.157.157.537.530.350.352.292.292.112.11
4.NHPC LtdNHPCRenewable EnergyRenewable Energy76,492.9476,492.9476.3876.3820.3120.310.040.04-0.81-0.813.973.97-7.17-7.171.581.588.058.055.025.022.112.111.081.081.681.68
5.Indian Renewable Energy Development Agency LtdIREDASpecialized FinanceSpecialized Finance32,306.1632,306.16111.71111.7117.2417.24-1.42-1.42-6.64-6.64-2.69-2.69-23.82-23.823.153.1518.0418.043.133.131.121.126.316.312.102.10
6.SJVN LtdSJVNRenewable EnergyRenewable Energy25,960.2325,960.2366.1866.1840.4340.43-1.52-1.52-2.60-2.60-6.17-6.17-29.28-29.281.821.824.524.525.845.842.272.272.272.272.172.17
7.Inox Wind LimitedINOXWINDHeavy Electrical EquipmentsHeavy Electrical Equipments12,719.8312,719.8376.5076.5031.4031.400.630.633.833.83-7.00-7.00-48.48-48.481.651.656.186.1810.5110.51--0.210.212.712.71
8.Borosil Renewables LtdBORORENEWHousewaresHousewares8,086.278,086.27495.65495.6562.6462.64-1.30-1.30-10.44-10.4419.2019.20-15.35-15.355.365.3610.2910.299.609.60--0.110.112.932.93
9.Inox Green Energy Services LtdINOXGREENHeavy Electrical EquipmentsHeavy Electrical Equipments7,160.217,160.21178.21178.2169.9369.930.050.050.120.1219.5719.574.324.323.633.631.191.197.577.57--0.090.093.203.20
10.KPI Green Energy LtdKPIGREENRenewable EnergyRenewable Energy6,179.236,179.23281.70281.7012.9812.98-2.02-2.02-24.16-24.16-22.55-22.55-41.39-41.392.352.3518.4418.4421.8521.850.330.330.560.562.932.93
11.Sterling and Wilson Renewable Energy LtdSWSOLARRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services4,487.964,487.96180.22180.22-14.50-14.50-1.33-1.33-11.78-11.780.920.92-32.60-32.606.896.89-37.60-37.60-8.71-8.71--1.831.833.013.01
12.BF Utilities LtdBFUTILITIERenewable EnergyRenewable Energy1,973.221,973.22548.90548.90884.85884.850.820.82-3.27-3.2721.4421.44-31.59-31.591.871.8716.5716.570.280.28--0.790.793.123.12
13.K.P. Energy LtdKPELRenewable EnergyRenewable Energy1,740.041,740.04214.91214.919.599.59-4.11-4.11-24.88-24.88-23.55-23.55-48.38-48.385.585.5846.4646.4646.7846.780.340.340.810.813.033.03
14.Orient Green Power Company LtdGREENPOWERRenewable EnergyRenewable Energy1,112.031,112.039.319.3116.0316.03-0.53-0.53-4.71-4.710.540.54-33.02-33.020.960.966.236.238.038.03--0.450.452.772.77
15.Zodiac Energy LtdZODIACRenewable Energy Equipment & ServicesRenewable Energy Equipment & Services375.56375.56227.98227.9817.8217.82-1.26-1.26-10.60-10.60-5.62-5.62-42.77-42.773.163.1619.5819.5819.3219.320.300.302.052.053.263.26
16.Indowind Energy Ltd (chennai)INDOWINDRenewable EnergyRenewable Energy147.64147.649.099.09-7,381.95-7,381.950.110.11-0.44-0.446.696.69-46.31-46.310.530.530.490.491.431.43--0.020.023.353.35
17.Energy Development Company LtdENERGYDEVRenewable EnergyRenewable Energy77.6677.6614.9214.92-323.59-323.59-1.32-1.32-8.52-8.52-2.48-2.48-26.36-26.363.333.33-1.04-1.0418.4418.44--4.784.783.323.32
18.WAA Solar LtdWAARenewable EnergyRenewable Energy57.3357.3349.4649.4689.5789.57-4.68-4.6810.9610.960.060.06-27.25-27.250.310.313.803.803.663.66--0.770.774.484.48
19.Karma Energy LtdKARMAENGRenewable EnergyRenewable Energy44.6544.6539.6339.6342.5242.524.624.62-2.89-2.892.382.38-23.35-23.351.091.092.602.60-1.67-1.67--0.040.043.373.37
20.KKV Agro Powers LtdKKVAPOWRenewable EnergyRenewable Energy25.4125.41364.00364.007.777.773.883.88-15.12-15.12-40.81-40.81-32.48-32.481.121.127.647.6421.6421.642.452.450.380.384.854.85
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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

Multi-Segment Exposure

Green energy stocks span solar, wind, hydro, bioenergy, storage and renewable equipment, so listed companies can participate in different parts of India’s clean-energy value chain.

Rapid Capacity Growth

India’s renewable capacity reached 288.58 GW by June 2026, including 162.15 GW of solar and 57.44 GW of wind, reflecting significant sector expansion.

Capital Intensive

Renewable projects require large upfront spending on land, equipment, transmission and financing. Returns therefore depend heavily on project execution, borrowing costs and long-term power contracts.

Policy Linked

The sector remains closely linked to renewable purchase obligations, transmission waivers, bidding frameworks and government capacity targets, making policy direction an important industry characteristic.

Long-Term Contracts

Many renewable generators operate through long-term power purchase agreements, which can provide revenue visibility but also limit pricing flexibility when costs or market conditions change.

Advantages of Investing in Green Energy Stocks

Capacity Pipeline

India is targeting 500 GW of non-fossil capacity by 2030, while 297.36 GW was already installed by June 2026, leaving substantial capacity addition ahead.

Record Additions

India added 55.29 GW of non-fossil capacity in FY26, the highest annual increase recorded, signalling strong project execution across solar, wind and other renewable technologies.

Investment Flows

Renewable energy attracted about $45.72 bn of FDI between FY2014 and FY2026, while domestic financial institutions deployed ₹12.32 lakh cr into the sector.

Solar Expansion

Solar capacity reached 162.15 GW by June 2026, making it India’s largest renewable source and creating demand across modules, inverters, EPC services and transmission infrastructure.

Wind Revival

India added a record 6.05 GW of wind capacity in FY26, up nearly 46% from FY25, supported by better transmission readiness and project pipelines.

Risks Associated With Investing in Green Energy Stocks

Project Delays

Renewable projects can face land acquisition, transmission, equipment and approval delays. These disruptions may postpone commissioning, raise financing costs and reduce expected project returns.

Tariff Pressure

Competitive bidding can push renewable tariffs lower. Falling tariffs support adoption but may reduce project margins when equipment, financing or transmission costs remain elevated.

Grid Constraints

Solar and wind generation depend on transmission availability. Inadequate grid capacity can restrict evacuation, cause curtailment and delay revenue from newly commissioned renewable projects.

Weather Dependence

Solar irradiance, wind speeds and rainfall influence renewable generation volumes. Unfavourable weather conditions can reduce plant load factors and affect revenue during particular periods.

High Leverage

Many renewable developers rely on debt to fund expansion. High borrowing costs, refinancing requirements or delayed project cash flows can increase pressure on balance sheets.

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Factors to Consider When Investing in Green Energy Stocks

Generation Mix

Exposure to solar, wind, hydro, bioenergy or storage influences revenue patterns because each technology carries different utilisation levels, operating costs and weather sensitivities.

Capacity Utilisation

Plant load factors and generation volumes influence operating performance. India’s wind projects generated 106 bn units in FY26, reflecting utilisation alongside installed-capacity growth.

Power Contracts

Tariffs, contract duration, counterparties and payment terms under power purchase agreements influence revenue visibility and cash collections across renewable power companies.

Financing Costs

Interest rates and debt structure influence project economics because renewable energy assets require high upfront investment and typically recover costs over long operating periods.

Transmission Access

Availability of interstate and state transmission infrastructure affects project commissioning and electricity evacuation, particularly in renewable-rich regions where solar and wind capacity is expanding rapidly.

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 companies involved in solar, wind, hydro, bioenergy and other renewable energy businesses. These companies generate clean power, manufacture renewable energy equipment or provide related services supporting India's energy transition.

  2. How to invest in green energy stocks?

    Here’s how you can explore green energy stocks in India

    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?

    The following are some of the top green energy stocks in India based on market capitalisation:

    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?

    The energy sector stocks theme can include companies involved in solar, wind, hydro, bioenergy, battery storage, green hydrogen, renewable equipment manufacturing, EPC services, transmission and other clean energy businesses.

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

    Several factors influence green energy stocks in India, such as:

    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 added a record 55.29 GW of non-fossil power capacity during FY26 and continues targeting 500 GW of non-fossil capacity by 2030. These developments support the long-term outlook for the list of green energy stocks in India, although company performance may vary.

    Disclaimer: This information is for educational purposes only and is based on publicly available industry data.

  7. How to choose green energy stocks for investing?

    When analysing low debt green energy stocks, users may compare project pipelines, debt levels, power purchase agreements, execution history, capacity utilisation and financial performance using publicly available information.

  8. Can beginners invest in green energy stocks?

    Beginners can explore green energy stocks in India, but the sector may experience policy changes, execution risks and price volatility. Suitability depends on an individual's financial goals, investment horizon and risk profile.

    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 energy sector stocks. Some renewable energy companies have paid dividends, while others reinvest cash flows into expansion. Users should review recent company announcements and dividend histories before drawing conclusions.

    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 decarbonisation goals, renewable capacity additions and policy support continue shaping green energy stocks in India. However, long-term performance depends on company execution, financing, regulation and industry conditions.

    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 companies appear in the list of green energy stocks in India priced below ₹10 or ₹50, as of 7th August, 2026:

    1. Energy Development Company Ltd
    2. Karma Energy Ltd


    Disclaimer: Please note that the above list of green energy stocks in India 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.