Top Renewable Energy Stocks to Watch for 2025

Investing in a Greener Future

As the global energy transition accelerates in 2025, renewable energy stocks are among the most exciting investment opportunities. India is now the third-largest producer of renewable energy globally, aiming to reach 500 GW of non-fossil capacity by 2030. As government incentives and global ESG mandates align, savvy investors are turning to companies that drive solar, wind, hydrogen, and storage technologies.

Below is a handpicked list of top Indian renewable energy stocks for 2025, based on their 2024 performance, expansion plans, and Q1 2025 updates.

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⚡ 6 Best Renewable Energy Stocks to Consider in 2025

Stock prices and market cap are accurate as of April 2025.

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1. Tata Power (NSE: TATAPOWER)

• CMP: ₹491.20

• Market Cap: ₹156,800 Cr

• 2025 Focus: Utility-scale solar, EV charging, green hydrogen pilots

Why Watch in 2025:
Tata Power has increased its renewable capacity to ~5.5 GW and expanded solar rooftop installations and electric vehicle (EV) charging stations across metropolitan areas. It is participating in the Indian government’s green hydrogen initiative and aims to generate 80% of new capacity additions from clean sources.

📈 Q1 2025 revenue from the renewable energy segment up 27% YoY.

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2. Adani Green Energy (NSE: ADANIGREEN)

• CMP: ₹1,945.10
• Market Cap: ₹312,100 Cr
• 2025 Focus: Hybrid parks, international expansion, 45 GW target

Why Watch in 2025:
Adani Green remains India’s most prominent green power producer, with a current capacity exceeding 10.5 GW. In 2025, it’s developing the world’s largest renewable energy park (30 GW) in Gujarat. Additionally, the company is expanding its operations in Sri Lanka and the Middle East.

📢 Launched the first solar-wind hybrid export project in March 2025.

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3. NTPC Green Energy Ltd (Subsidiary of NTPC Ltd)

• CMP (NTPC): ₹449.75
• Market Cap (NTPC): ₹436,500 Cr
• 2025 Focus: Floating solar, battery storage, green ammonia

Why Watch in 2025:
NTPC Green Energy is leading India’s public-sector clean energy push. It has added 2 GW of new solar capacity in early 2025, including India’s largest floating solar plant in Kerala. It’s piloting green hydrogen-based mobility projects in partnership with IOC.

🛠 A new 600 MW battery storage project was announced in April 2025.

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4. Suzlon Energy (NSE: SUZLON)

• CMP: ₹89.10
• Market Cap: ₹119,420 Cr
• 2025 Focus: Wind turbine tech upgrades, offshore wind exploration

Why Watch in 2025:
Suzlon returned to profitability and secured record orders in FY2024. Its new-generation 3 MW turbine is being deployed across eight states. Now exploring offshore wind corridors in Tamil Nadu and Gujarat, supported by the Ministry of New and Renewable Energy (MNRE).

🔁 Order book in April 2025 exceeds 3.5 GW.

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5. Inox Wind (NSE: INOXWIND)

• CMP: ₹243.65
• Market Cap: ₹29,850 Cr
• 2025 Focus: Wind park EPC, low-wind turbines, government tenders

Why Watch in 2025:
Inox Wind is ramping up production in its Gujarat plant. It is a top EPC partner for SECI and state-level wind auctions. In Q1 2025, it launched India’s first low-height turbine suitable for semi-urban settings and industrial zones.

🚀 Revenue up 34% YoY in FY2025 pre-audit results.

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6. Borosil Renewables (NSE: BORORENEW)

• CMP: ₹499.80
• Market Cap: ₹6,350 Cr
• 2025 Focus: Solar glass exports, joint venture in Germany

Why Watch in 2025:
As India’s only solar glass manufacturer, Borosil is capitalising on increased solar module demand. In Q1 2025, it secured new orders from customers in the Middle East and the EU. Its latest production line in Gujarat is fully operational.

🌍 Exports now account for 38% of Q1 2025 revenue.

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🧠 2025 Investor Insights: Why Now?

✅ PLI-Backed Growth: The Production-Linked Incentive (PLI) schemes are accelerating capacity addition for solar PV and battery storage.
✅ Clean Energy Mandates: India’s Energy Conservation Act 2025 amendment now enforces stricter renewable procurement norms for industries.
✅ Retail Investor Access: Renewable energy ETFs and mutual funds focused on clean energy are gaining popularity and attracting increased retail exposure.

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✅ Final Thoughts for 2025 Investors

Renewable energy is no longer speculative—it’s foundational to India’s energy strategy. These companies are not only responding to policy shifts but actively shaping the market through innovation and execution. Whether you're investing for ethical reasons or financial gains, these 2025 picks stand out as strong, future-proof choices.