Top 31+ Renewable Energy Companies in India

In this article, we’ll explore renewable energy companies in India, as well as provide a list of renewable energy stocks for you to consider. But before diving into these specifics, let’s first understand what renewable energy entails.

The world has seen remarkable progress since its inception. We’ve witnessed the invention of the wheel, the extinction of dinosaurs, and the transition from bulky TVs to compact smartphones. The future holds promises of flying cars and more. In this era of scientific and technological advancements, we’ve also seen significant changes in the investment sector.

In the past, you needed an agent or a Dalal to handle your financial transactions. Today, you can manage your investments through Demat accounts on your smartphone, offering 24/7 access to your portfolio. This shift is nothing short of a 360-degree transformation.

You have various paths to explore within the investment sector, such as the stock market and cryptocurrency. Each avenue presents further options; for instance, you can invest in companies from the renewable energy and banking sectors in the stock market. Speaking of renewable energy, this is an excellent opportunity to discover the top renewable energy companies in India, which may not be widely known.

What is Renewable Energy?

Renewable energy, often called clean energy, is energy derived from naturally occurring and replenishable sources. These sources of energy are considered “renewable” because they are not depleted when used and can be regenerated naturally over a relatively short period of time. Unlike fossil fuels (such as coal, oil, and natural gas), which are finite and contribute to environmental pollution and climate change when burned for energy, renewable energy sources are sustainable and have a lower environmental impact.

Common sources of renewable energy include:

  1. Solar Energy: This is harnessed from the sun’s rays using photovoltaic cells (solar panels) to convert sunlight into electricity or solar thermal systems to produce heat for residential or industrial applications.
  2. Wind Energy: Wind turbines capture the kinetic energy of moving air to generate electricity. Wind farms are often used to harness this energy source.
  3. Hydropower (or Hydroelectric Power): This involves using the kinetic energy of flowing water, such as in rivers or dams, to turn turbines and generate electricity. It’s one of the oldest and most widely used forms of renewable energy.
  4. Biomass Energy: Biomass energy is produced from organic materials like wood, agricultural crops, and waste. This can be used for heating, electricity generation, and even biofuels.
  5. Geothermal Energy: Geothermal energy is generated by tapping into the Earth’s internal heat. It involves using heat from the Earth’s core to produce electricity or provide heating and cooling for buildings.
  6. Tidal and Wave Energy: Tidal energy is generated by harnessing the rise and fall of tides, while wave energy captures the motion of ocean waves to produce electricity.

Renewable energy sources have several advantages, including reduced greenhouse gas emissions, energy security, and long-term sustainability.

Top Renewable Energy Companies in India

TATA Power Solar Systems Ltd

When your name includes TATA, there’s no room for competition or uncertainty about your future success. TATA Power Solar Systems Ltd, a proud member of the TATA group, stands as India’s foremost integrated solar power company. Whether you hail from rural or urban settings or work in sectors like banking or education, TATA Power is ready with a tailor-made solution for you. Their expertise spans three key areas: crafting solar modules and cells, handling engineering, procurement, and construction for solar products, and managing various solar power projects.

Suzlon Energy – One of the Most Popular Renewable Energy Companies in India

Suzlon Energy stands tall as one of India’s leading renewable energy firms, and their global reach is proof of their success, as they collaborate with over 15 companies spanning six continents. When it comes to its core operations, Suzlon specializes in creating, designing, and producing Wind Turbine generators. They also excel in delivering top-notch services that accompany their products throughout their entire lifespan. This unwavering commitment to service excellence has firmly established their presence in the service industry.

Adani Green Energy Limited

When India’s wealthiest magnate takes charge of a company, designates a vital subsidiary, and pumps a colossal $70 billion into it, you can be sure this company is poised for remarkable achievements. Adani Green Energy Ltd shines as a leading developer of solar power initiatives and ranks among India’s foremost renewable energy enterprises. Not limiting their focus to solar alone, they harness wind power for renewable energy and are on the cusp of venturing into the hybrid power sector. Furthermore, they stand as significant buyers in the renewable energy asset market. With a grand vision in mind, they’re on track to become the world’s largest solar power company by 2025.

Websol Systems

Websol Systems, a company listed on the NSE, specializes in crafting modules and solar cells, particularly photovoltaic monocrystalline solar cells and modules. Their reach extends to exporting solar cells to regions like Europe and North Africa. Established in 1990, Websol boasts a cutting-edge, fully integrated production facility situated in West Bengal. Their dedication and excellence have not only earned them prestigious awards but also international certifications for their outstanding work.

ReNew Power

ReNew Power holds a prominent position among India’s leading renewable energy companies. It proudly bears the distinction of being the very first renewable energy firm to make its mark on the US stock exchange. Operating as an independent power producer, the company uses solar and wind power sources to harness renewable energy. Their revenue primarily stems from supplying this renewable energy to major industrial corporations and India’s state electricity boards. This forward-looking company was founded in 2011.

Borosil Renewables

Borosil Renewables, the sole solar glass producer in India, unquestionably earns its spot on this roster. Some sources even tout it as the largest non-Chinese solar glass manufacturer globally. Beyond its domestic scope, it also ships solar glass to European destinations, with primary clients in Turkey, Spain, Germany, Russia, and Portugal. Borosil Renewables play a significant role in meeting about 40% of India’s demand for solar glass. Additionally, they have ambitious plans to expand into the wind power sector and are eyeing an entry into the solar and wind-solar hybrid energy sectors.

Sterling and Wilson Renewable Energy Ltd

Formerly recognized as Sterling and Wilson Solar Limited, Sterling and Wilson Renewable Energy Ltd stands tall as a global leader in EPC manufacturing. They specialize in comprehensive solar EPC solutions. At present, the Reliance Group has the reins, underscoring their remarkable capabilities. In the fiscal year 2021, this company reported an impressive revenue of approximately Rs. 50.8 billion. Now, let’s delve into the leading solar companies in India.

Solar Energy Companies in India

Having explored the leading renewable energy firms in India, let’s now dive into the realm of solar energy and the key players in this sector. Solar energy, generated from the sun’s rays, represents a clean and eco-friendly source of power. It finds applications in diverse areas. Solar panels, for instance, transform sunlight into electrical energy, which can power homes and appliances effectively. India boasts several prominent solar energy companies. These include:

  • TATA Power Solar System Ltd
  • Synergy Green Industries Ltd
  • Suzlon Energy Ltd
  • Waa Solar Ltd
  • Ujaas Energy Limited
  • Websol Energy System Ltd
  • Surana Solar Limited
  • Gita Renewable Energy Ltd
  • Indosolar Ltd
  • XL Energy Ltd
  • Urja Global Ltd

Wind Energy Companies in India

Let’s unravel the concept of wind energy. Wind energy harnesses the natural flow of wind to generate clean and environmentally friendly power. This versatile form of energy serves various applications, primarily through the conversion of wind into electricity. India boasts several prominent wind energy companies, including :

  • Vestas India
  • Suzlon Energy Limited
  • Regen Powertech Pvt Ltd
  • Enercon India Pvt Ltd
  • Indowind Energy Ltd
  • GE Wind Energy Ltd
  • Inox Wind Ltd
  • Orient Green Power Ltd
  • Wind World India Ltd
  • Gamesa Wind Turbines Pvt Ltd

Renewable Energy Stocks List

Now that we’ve delved into India’s top wind energy companies let’s turn our attention to the list of renewable energy stocks. As we’ve discussed the significance of renewable energy and its presence on the National Stock Exchange, it’s evident that renewable energy is gaining prominence by the day, especially in our current climate crisis.

You might be pondering the profitability and future prospects of renewable energy. It’s natural to have doubts, given the various factors at play. However, we present to you a list of proven renewable energy stocks featuring companies with a commendable track record in this sector. These companies have consistently excelled, making them valuable additions to your investment portfolio.

  • TATA Power
  • Borosil Renewable
  • Websol Energy System Ltd
  • GAIL
  • JSW Energy
  • Indian Oil Corporation Ltd
  • Sterling and Wilson Renewable Energy Ltd
  • Adani Green Energy Ltd
  • Suzlon Energy
  • Inox Wind

You may have observed that the names on this list closely resemble those mentioned earlier in different contexts. This resemblance is because these are consistently high-performing companies, excelling not only in the physical realm but also in the stock market. These industry leaders are making substantial strides in the renewable energy sector and warrant your keen interest.

Advantages and Disadvantages of Renewable Energy


  • Renewable Energy is essentially here to stay, providing sustainability for as long as we are.
  • It demands minimal maintenance, reducing operational costs.
  • It’s economically efficient, contributing to cost savings.
  • The environmental benefits are immeasurable, promoting cleaner surroundings.
  • Minimal reliance on foreign energy sources ensures energy security.
  • Cleaner air and water quality are byproducts of renewable energy.
  • Job opportunities multiply with the growth of renewable energy.
  • Waste reduction becomes achievable when transitioning to renewable energy.


  • The initial investment can be high, making it relatively costly.
  • Renewable energy sources can be intermittent, affecting reliability.
  • Storage capacity for renewable energy is somewhat limited.
  • Geographical factors heavily influence the effectiveness of renewable energy, imposing limitations.
  • Even though it’s environmentally friendly, renewable energy may not always be entirely carbon-free.

Now that we’ve covered the renewable energy stocks list, it’s crucial to delve into the advantages and drawbacks of renewable energy. Understanding these factors is essential before considering investments in the renewable energy sector.

Final Thoughts on the Top Renewable Energy Companies in India

India’s renewable energy landscape is vibrant and dynamic, with companies like TATA Power Solar Systems Ltd, Suzlon Energy, Adani Green Energy Limited, Websol Systems, ReNew Power, Borosil Renewables, and Sterling and Wilson Renewable Energy Ltd leading the charge. These companies are making significant strides in harnessing solar and wind energy, not only contributing to clean and sustainable power generation but also excelling in the stock market. The renewable energy sector in India offers numerous advantages, including sustainability, economic efficiency, and environmental benefits, although it also comes with challenges like high initial investments and intermittency. As the world focuses on transitioning to cleaner energy sources, these companies and the broader renewable energy industry are poised for continued growth and impact.

Read also:


Leave a Reply

Your email address will not be published. Required fields are marked *