Renewable Energy Revolution: Top Shares to Watch Now

The need for energy in all forms is growing daily, and the world’s traditional energy sources (Fossil fuels) are running out. Renewable energy sources are becoming more significant in this scenario. For the benefit of the environment and human existence, all countries are developing policies that strongly emphasize these energy sources. India will invest crores of rupees in this industry in the upcoming years. Consequently, businesses in this industry are growing. The equities of these companies, which generate and distribute renewable and environmentally friendly energy sources such as solar, wind, water, geothermal, and bioenergy, maybe moving high giving the investors decent returns.

1. SJVN Ltd. (Mkt Cap (Rs. Cr. 52,042) In addition to owning the biggest hydroelectric facility in India, they also have wind and solar power projects. Following the outcome of the election, the focus may now shift to power and renewable energy stocks, leaving behind infrastructure, housing, railways finance, engineering, defence, sugar, agro, fertiliser etc.

2. NHPC Ltd- (Mkt Cap (Rs. Cr. 1,00,611) This PSU has a strong presence in the hilly state of Himachal Pradesh. Since its founding in 1975, the firm has diversified into the generation of hydropower as well as renewable energy sources including solar and wind. Net Sales decreased by 3.84% from Rs. 1,717.43 crore in March 2023 to Rs. 1,651.55 crore in March 2024. March 2024 saw a 22.53% increase in Quarterly Net Profit to Rs. 697.76 crore from Rs. 569.47 crore in March 2023.

3. Suzlon Energy Ltd. (Mkt Cap (Rs. Cr. 72,305) is a top wind power firm with 14 top-notch production facilities and about 12,860 wind turbines spread across six continents. Suzlon is a major beneficiary of India’s energy transformation and is well-positioned to profit from the shift to cleaner and greener energy. The stock is described as an “Overweight” rating from Morgan Stanley.

4. JSW Energy Ltd (Mkt Cap (Rs. Cr. 1,24,624)   Power firm JSW Energy Ltd is active in the generation, sale, and distribution of electricity, building of power plants and offers upkeep and operating services as well. With a total of 13.3 GW of locked-in generation capacity, JSW Energy Ltd now operates 7.3 GW, has 2.6 GW under construction utilising wind, thermal, and hydropower, and has 3.4 GW in pipelines. Its first green hydrogen plant is scheduled to start up in March 2025.

5. KP Energy. (Mkt Cap (Rs. Cr. 2,707)   The company focuses on wind farms.

6. Adani Green Energy- (Mkt Cap (Rs. Cr. 282,029) All solar, wind, and hybrid projects are undertaken by the firm. Adani Green Energy and the government of Sri Lanka have reached a deal for the building of wind power plants in Mannar and Poonerin. Additionally, it has consented to a 20-year power purchase agreement with the organisation.

Equity investments in renewable energy firms have the potential to reduce the consequences of climate change and improve the future. Since the world’s energy consumption is predicted to rise by 50% by 2050, nations need to look at green energy options. Invest only after a thorough analysis that takes into account managerial choices, long-term planning, and governmental legislation. (Investments in the securities market are subject to market risks, read all the related documents carefully before investing.)