Investing in solar-wind hybrid energy stocks offers multiple benefits. These systems provide a more consistent power supply by unlocking value in both solar and wind energy, which can compensate for each other’s fluctuations. They also reduce carbon emissions, lower electricity costs, and improve energy reliability, contributing to a sustainable future in renewable energy.
Listed below are some of the Stocks that provide Solar-Wind Hybrid Energy that you can add to your watchlist
Adani Green Energy
Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is a player in India’s renewable energy sector, focusing on solar and wind power generation. With a substantial portfolio exceeding 20,000 MW, AGEL operates under long-term Power Purchase Agreements (PPAs) with government entities, ensuring stable revenue streams and contributing significantly to India’s clean energy goals.
With a market capitalization of Rs. 2,23,625 Crores, the shares of Adani Green Energy Limited closed on Tuesday at Rs. 1411.75 per equity share, down 3.11 percent from its previous day’s close price of Rs. 1,457.
The company currently has around 19 percent of its portfolio towards a hybrid model with solar dominating the portfolio of 66 percent. Adani Green has a solar wind hybrid plant situated in Jaisalmer, Rajasthan. The capacity utilization factor for hybrid energy is much higher compared to Solar or wind in FY24.
Its Revenue from operations grew by 37.61 percent from Rs. 2,220 Crores in Q2FY24 to Rs. 3,055 Crores in Q2FY25, accompanied by profits of Rs. 371 Crores to Rs. 515 Crores.
KP Energy
KP Energy Limited, founded in 2010 and headquartered in Gujarat, India, specializes in wind energy solutions. The company focuses on the engineering, procurement, construction, and commissioning of wind farms. It operates through strategic partnerships and owns various wind and solar projects, providing comprehensive services throughout the entire lifecycle of renewable energy projects.
With a market capitalization of Rs. 3,870 Crores, the shares of K.P. Energy Limited closed on Tuesday at Rs. 562.70 per equity share, up 3.13 percent from its previous day’s close price of Rs. 562.70.
The company provides solar and wind hybrid energy solutions. Currently, they have Solar and Hybrid projects of 2.91 and over GW in their portfolio.
Its Revenue from operations grew by 185.5 percent from Rs. 69 Crores in Q2FY24 to Rs. 197 Crores in Q2FY25, accompanied by profits of Rs. 8 Crores to Rs. 22 Crores.
Inox Wind
Inox Wind Limited is a prominent provider of wind energy solutions in India, established in 2009. They specialize in manufacturing Wind Turbine Generators (WTGs) and offer a range of services, including project development, site acquisition, and long-term maintenance.
Inox Wind operates three state-of-the-art manufacturing facilities, focusing on delivering cost-effective and high-quality wind energy solutions to various clients, such as Independent Power Producers (IPPs) and utilities.
With a market capitalization of Rs. 2,23,625 Crores, the shares of Inox Wind Limited closed on Tuesday at Rs. 62.35 per equity share, up 4.97 percent from its previous day’s close price of Rs. 59.40.
Inox Wind has a growing hybrid project portfolio including a 201 MW project from Integrum Energy across four states.
Its Revenue from operations grew by 97.3 percent from Rs. 371 Crores in Q2FY24 to Rs. 732 Crores in Q2FY25, accompanied by a loss of Rs. 27 Crores to a profit of Rs. 90 Crores.
Suzlon Energy
The company was founded in 1995, it is a global provider of renewable energy solutions based in India. They specialize in manufacturing wind turbines and executing projects, operating in 17 countries. With a commitment to development, Suzlon offers a range of services from design to maintenance while aiming to make renewable energy accessible and cost-effective for its clients.
With a market capitalization of Rs. 85,084 Crores, the shares of Suzlon Energy Limited closed on Tuesday at Rs. 62.35 per equity share, up 4.97 percent from its previous day’s close price of Rs. 59.40.
The company receives and diversifies into hybrid projects. In May, the company received an 81.9 MW project from Oyster Green hybrid one as Suzlon will install 26 Wind turbine generators and a rated capacity of 3.15MW in Agra.
Its Revenue from operations increased by 48 percent from Rs. 1,421 Crores in Q2FY24 to Rs. 2,103 Crores in Q2FY25, accompanied by profits of Rs. 102 Crores to Rs. 201 Crores.
Written by: Santhosh S
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