The International Energy Agency (IEA) forecasts that India will lead major economies, including China, in renewable energy capacity additions by 2030, with a projected increase from 15 GW in 2023 to 62 GW annually. This additional capacity can bring around $32 billion in investments in 2025. This growth aligns with India’s target of 500 GW by 2030. The country has committed to scaling up renewable manufacturing, green hydrogen initiatives, and policy developments. Minister Pralhad Joshi focused attention on India’s substantial progress in 2024, with over 24.7 GW added. From the transition, some companies might benefit from this initiative.
Listed below are some of the stocks that might benefit from India’s Solar & Wind space to attract Investments of over $32 bn in 2025
Suzlon Energy
Suzlon Energy Limited, founded in 1995, is a leading Indian renewable energy company specializing in wind turbine manufacturing and solutions. Its business model includes the complete value chain from design to installation and maintenance of wind power projects. Suzlon also focuses on solar energy and hybrid solutions, emphasizing sustainability and innovation to meet global energy demands.
With a market capitalization of Rs. 84,558.85 Crores, the shares of Suzlon Energy Limited closed at Rs. 61.96 per equity share, down 1.54 percent from its previous day’s close price of Rs. 62.93.
Its Revenue from operations increased by 48 percent from Rs. 1,421 Crores in Q2FY24 to Rs. 2,103 Crores in Q2FY25, accompanied by a profit of Rs. 102 Crores to Rs. 201 Crores.
Inox Wind
Inox Wind Limited, part of the Inox Group, specializes in manufacturing Wind Turbine Generators (WTGs) and providing comprehensive wind energy solutions. Its business model encompasses the entire value chain, offering end-to-end turnkey services, including design, installation, and maintenance of wind power projects. The company serves independent power producers, utilities, and corporate clients, emphasizing sustainability and innovation in renewable energy.
With a market capitalization of Rs. 24,100.63 Crores, the shares of Inox Wind Limited closed at Rs. 184.85 per equity share, down 2.01 percent from its previous day’s close price of Rs. 188.65.
Its Revenue from operations grew by 97.30 percent from Rs. 371 Crores in Q2FY24 to Rs. 732 Crores in Q2FY25, accompanied by losses of Rs. 27 Crores to Rs. 90 Crores.
Waaree Energies
Waaree Energies Limited, founded in 1990, is India’s largest manufacturer of solar PV modules with an operational capacity of 13.3 GW. The company offers comprehensive solar solutions, including EPC services, rooftop installations, and solar water pumps. Its business model focuses on sustainability and innovation, catering to commercial and industrial customers while promoting renewable energy adoption.
With a market capitalization of Rs. 81,021.04 Crores, the shares of Waaree Energies Limited closed at Rs. 2,820.25 per equity share, down 0.63 percent from its previous day’s close price of Rs. 2,838.10.
Its Revenue from operations grew by 1.04 percent from Rs. 3,537 Crores in Q2FY24 to Rs. 3,574 Crores in Q2FY25, accompanied by a profit of Rs. 320 Crores to Rs. 376 Crores.
Premier Energies
Premier Energies Limited, founded in 1995, is India’s second-largest integrated manufacturer of solar cells and modules. The company specializes in producing monofacial and bifacial solar panels, along with providing EPC and O&M services for solar projects. Its business model focuses on sustainability and innovation, serving a diverse clientele, including major firms like NTPC and TATA Power.
With a market capitalization of Rs. 59,725.35 Crores, the shares of Premier Energies Limited closed at Rs. 1,324.95 per equity share, down 0.15 percent from its previous day’s close price of Rs. 1,327.
Its Revenue from operations grew by 120 percent from Rs. 694 Crores in Q2FY24 to Rs. 1,527 Crores in Q2FY25, accompanied by profits of Rs. 53 Crores to Rs. 206 Crores.
Adani Green Energy Limited (AGEL) is India’s largest renewable energy company, focusing on solar, wind, and hybrid power generation. With a current portfolio of 20,434 MW, AGEL develops, owns, and operates utility-scale projects under long-term Power Purchase Agreements. Its business model emphasizes sustainability and innovation, aiming for 45 GW capacity by 2030 to support India’s clean energy transition.
With a market capitalization of Rs. 1,64,478.01 Crores, the shares of Adani Green Energy Limited closed at Rs. 1,038.35 per equity share, down 0.82 percent from its previous day’s close price of Rs. 1,046.90.
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.
Written by Santhosh S
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