Top 10 Green Energy Stocks Powering India’s Stock Market

India’s energy market has been transforming steadily in recent years. There is a growing shift towards renewable sources such as solar power and wind, and clean energy shares are drawing more investor attention across the Indian stock market.

But do you know? Which listed stocks are leading this shift, and why are investors tracking them? In this blog, we will take a closer look at the top ten green energy stocks listed in India and the factors driving their growing relevance in the stock market.

Before we move ahead, let’s understand the basics.

What Are Green Energy Stocks?

These are the shares of companies engaged in the production, development, and transmission of power from green, renewable, and sustainable sources with an aim to reduce dependence on fossil fuels.

Different Types of Green Energy Stocks in India

• Solar Energy stocks
• Wind energy stocks
• Hydropower energy stocks
• Bioenergy stocks

Although India has a large number of renewable power companies. Here are the top ten listed stocks that have emerged as key players in this space and the Indian stock market.

Top 10 Listed Green Energy Stocks in India 2026

The table given below represents the key metrics (as of January 2026) for the top 10 listed stocks.

Note: The key metrics figures given above are estimates based on publicly available data and industry references. We aim to provide you with the most credible and authentic information, but this does not explicitly represent investment advice. Please conduct your own research before investing.

Below is a detailed overview of the top 10 listed green energy stocks in India for 2026, highlighting their core business operations and role in India’s renewable energy ecosystem.

1. Adani Green Energy Ltd.

Adani Green Energy Ltd is India’s largest green energy company. Its core focus is on developing & operating solar, wind, and hybrid power projects. Being a key part of the Adani Group, this unit has built one of the strongest renewable energy portfolios in India. The company continues to expand its operations by large solar parks, hybrid projects, and storage-linked renewable capacity.

2. Suzlon Energy Ltd.

Suzlon Energy Ltd. is engaged in wind turbine manufacturing and providing comprehensive wind power solutions. The company is among India’s best-known wind energy players and offers a complete set of services including installation, commissioning, and long-term maintenance. With its nationwide presence, it has become a major player in the wind equipment supply chain for India’s renewable targets.

3. Inox Wind Ltd.

Inox Wind Ltd. specializes in wind turbine generators, project execution, and long-term operations and maintenance services. Its solutions include manufacturing, EPC, and after-sales servicing as well. Its large wind projects deployment play a key role in supporting renewable energy adoption goals of India. 

4. KPI Green Energy Ltd.

KPI Green energy is also one of the leading solar energy companies focused on developing independent solar power projects across India. It is best known for building solar assets under both captive and IPP models to fulfil industrial and commercial power requirements. Over the years, the company has expanded steadily through new project wins and capacity additions. Its growth is supported by increasing corporate demand for clean energy and long-term power supply arrangements.

5. Borosil Renewables Ltd.

India’s only listed solar glass manufacturer, supplying a critical component used in solar panel manufacturing. Borosil Renewables plays an important role in the renewable supply chain than the power generation itself. The performance of Borosil Renewable is closely linked to demand growth in solar modules, government policies, and import substitution trends.

6. Waaree Renewable Technologies Ltd.

Waaree Renewable Technologies Ltd is primarily engaged in solar development projects and clean energy solutions. It is a part of the broader Waaree ecosystem and focuses on renewable execution, solar EPC, and related clean power solutions. It is also linked with opportunities from large-scale solar adoption across commercial and industrial segments.

7. SJVN Ltd.

SJVN Ltd is a public sector company involved in hydropower generation, operations in solar and wind energy. It has traditionally been a strong hydropower player and over the recent years, it has actively diversified into solar and wind projects to align with India’s renewable energy targets. The company benefits from stable PSU backing, long-term projects, and a growing pipeline of green power initiatives.
 

8. NHPC Ltd.

NHPC Ltd. is one of India’s largest hydropower companies, focused on renewable energy generation through hydroelectric projects. It is one of the key public sector undertakings in India’s power sector and plays a major role in hydro-based renewable generation. With government support and long-term project visibility, NHPC is often tracked by investors for investment in green hydrogen stocks in India

9. Orient Green Power Company Ltd.

Orient Green Power Company Ltd. focuses on wind energy and biomass-based power generation. It operates across multiple renewable segments, with a strong focus on wind power generation assets. It has good exposure to biomass energy and is seen as a smaller renewable player, but remains relevant due to India’s broader clean energy transition.

10. Gujarat Industries Power Company Ltd. (GIPCL)

GIPCL Ltd. has a diversified profile and includes renewable assets along with other power operations. It has been strengthening its presence in clean energy through wind and solar initiatives. It is often considered a regional-level power company with growing renewable relevance due to increasing green energy demand.

Why Are Green Energy Stocks in Focus in India?

These stocks are in focus due to government policy changes, increasing energy demand, and ambitious national green energy targets. Together, these factors are reshaping India’s green energy sector and creating opportunities for long-term growth for companies and investors. Let's develop a better understanding of these key factors.

National Renewable Energy Capacity Targets

India’s energy transition includes reported plans to expand green energy capacity to around 500 GW by 2030, supporting a gradual shift away from fossil fuels. It aims to create long-term growth opportunities for companies operating in this sector.
 

Government Policies and Budget Support

The Government’s policy initiatives for renewable energy have played a key role in this segment. The Union Budget 2025-26 laid a strong focus by allocating Rs 25,649 crores to it. That marked a sharp 39 % increase against the initial budget estimates of Rs 19,100 crores from last year.

Long-Term Revenue Visibility (PPAs)

Most of the companies in the green and renewable energy sector in India operate under long-term power purchase agreements (PPAs). It provides predictable cash flows and reduces earnings volatility. This offers long-term revenue visibility, a key aspect investors consider while investing long-term.

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Summary

India’s renewable energy journey is set to keep clean energy investment opportunities in the top layer of the stock market. As the sector evolves, well-informed and mindful investing will be essential for those looking to capitalize on these great opportunities.

FAQs on Green Energy Stocks

Where are green energy stocks listed in India?

In India, these stocks are listed on major stock exchanges such as the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

Are green energy shares suitable for long-term investment?

Green energy shares have the potential for long-term structural growth. However, considering the individual company’s fundamentals and risk assessment is crucial before framing any investment decisions.

Do renewable energy stocks have high risk-exposure?

Risk exposure is natural in all stocks. Similarly, these stocks may carry risks of execution issues, policy changes, and market uncertainty.

Are green energy stocks and renewable energy stocks the same?

Yes, both refer to the stocks of companies that produce energy from renewable sources such as solar, wind, hydropower, and bioenergy.

Are the green energy sector’s stocks affected by government policy changes?

Yes, these stocks often get influenced directly or indirectly from government policies, incentives that are aimed to support the growth of clean energy infrastructure.

Do all listed renewable stocks perform best in India?

Not all listed green and renewable energy stocks perform equally. Each company has a different scale, profitability, project requirements, and risk, so investors should consider all the factors before investing.

Author: Diwakar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.