Although energy demands are rising daily, the world’s traditional energy sources are depleting. In this context, renewable energy sources are gaining importance. All countries are implementing policies prioritizing such energy sources for the sake of nature and the survival of humanity. Our government will spend billions of rupees in this sector in the coming years. Consequently, companies in this field are on a growth trajectory.
Let’s get acquainted with the shares of companies involved in the production and distribution of renewable and environmentally friendly energy such as solar energy, wind energy, hydroelectric energy, geothermal energy, and bioenergy:
- SJVN Limited: This company owns the largest hydroelectric power station in India and also has wind and solar energy projects.
- NHPC: Established in 1975, this company has expanded from hydroelectric production to include solar and wind energy sources.
- Orient Green Power Company: A leading Indian company focusing on electricity production from wind energy, with over 402 megawatts of wind projects across various Indian states and a wind farm in Croatia.
- Energy Development Company: Focuses on generating energy from hydroelectric and wind power plants and develops energy and infrastructure projects for other companies. They plan to significantly increase their hydroelectric production capacity in the coming years.
- Suzlon Energy: A leading company in electricity production from wind energy, with over 12,860 wind turbines across six continents and 14 world-class manufacturing units in India.
- JSW Energy: A power company involved in electricity production, distribution, and marketing. They also provide power plant construction, operation, and maintenance services.
- Sterling and Wilson Renewable Energy: A global renewable engineering, production, storage, and services company offering solar, floating solar, and hybrid energy storage services. They specialize in generating electricity using floating solar panels in reservoirs.
- KP Energy: Focuses on wind farms.
- WAA Solar Limited: An Indian company producing solar energy, establishing its own solar power plants, and investing in other companies’ solar projects.
- Zodiac Energy: Designs and manufactures solar energy equipment.
- Borosil Renewables: The only solar glass manufacturer in India.
- NTPC: Engaged in electricity trade, distribution, hydroelectric plant construction, and hydroelectric production. Its subsidiary, NTPC Green Energy, is expected to launch an IPO soon.
- Tata Power Limited: Provides services in conventional and renewable energy, power services, EV charging stations, and home automation.
- Adani Green Energy: Involved in solar, wind, and hybrid projects, developing and operating renewable power plants.
- Websol Energy Systems: A leading manufacturer of photovoltaic monocrystalline solar cells and modules in India.
- Inox Green Energy Services: Provides long-term services for wind projects and general infrastructure for wind turbine generators.
- IEX (Indian Energy Exchange): Offers an automated trading platform for electricity purchases and sales, including trading opportunities in renewable energy certificates and energy-saving certificates.
Energy Demand to Surge; Stocks to Benefit
By 2050, global energy demand is expected to rise by up to 50%. As scientists warn about the dangers of gases like carbon dioxide, countries will need to explore more green energy options. The companies mentioned here are among those in India’s renewable energy sector. It is essential to conduct thorough research before considering investments in their shares. Study government policies, the company’s long-term plans, and management decisions.
Apart from gaining profit through stock investments, remember that such companies can help mitigate the impacts of climate change. Adopting renewable energy projects can help create a better future for us and future generations.
