Home Collections Best Green and Renewable Energy Stocks in India 2024 – Top Shares to Watch

Best Green and Renewable Energy Stocks in India 2024 – Top Shares to Watch

Best Green and Renewable Energy Stocks in India 2024 – Top Shares to Watch
Reading Time: 1 minutes

The green energy sector is rapidly expanding worldwide, especially in India. India aims to generate half its electricity from non-fossil fuel sources by 2030 and achieve ‘net zero’ emissions by 2070. The Union Budget 2023-24 revolves around welcoming sustainable development. Green Growth was based on the Prime Minister’s vision of LiFE or Life for Environment. This goal has spurred significant growth in the Indian renewable energy market, with over 15 stocks surging over 100% in the past year alone. Many renewable companies in India are embracing clean energy initiatives to support these objectives. In this article, we’ll explore leading green energy stocks in India, their benefits and risks, key considerations for investors, and more.

Best Green Energy Stocks in India (2024)

Here is a green energy sector stocks list featuring the top renewable energy stocks in India, based on the 5Y average return on Investment (ROI):

Stock NameMarket Cap (in Cr)Share Price5Y Avg Return on Investment5Y Avg Net Profit Margin5Y Historical Revenue Growth
K.P. Energy Ltd₹2,528.22₹379.1017.237.7725.04
BF Utilities Ltd₹2,833.92₹752.3514.2611.35-40.30
Zodiac Energy Ltd₹1,055.77 ₹720.1512.383.9728.36
KPI Green Energy Ltd₹11,202.92₹929.2011.1816.6588.05
SJVN Ltd₹53,288.02₹135.609.8441.54-0.97
KKV Agro Powers Limited₹49.15₹867.008.781.57181.86
Orient Green Power Company Ltd₹2,115.42₹21.577.953.68-4.30
WAA Solar Ltd₹210.88₹158.957.0316.87-20.42
Energy Development Company Ltd₹140.98₹29.686.800.08-3.92
Adani Green Energy Ltd₹2,77,142.32₹1,749.606.647.0238.22
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data in the list of top 10 green energy companies in India is from 7th August 2024. This data is derived from Tickertape Stock Screener.

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Top 10 Green Energy Stocks (India): An Overview

Here is a brief overview of the green energy stocks on our list of top 10 renewable energy companies in India:

KP Energy Ltd

KP Energy is a key balance of plant (BoP) solutions provider for wind energy projects in Gujarat, India. Their services encompass EPC, operation and maintenance, and asset management, with a successful track record of over 1 GW of wind energy projects. This solar power company’s revenue has grown at a yearly rate of 25.04% over the past five years, higher than the industry average of 11.33%. The company’s market share increased from 0.73% to 1.32% in the same period.

BF Utilities Ltd

BF Utilities Ltd. is a small-cap wind energy stock established in India in 2000. It generates electricity through windmills and is also involved in infrastructure projects. Over the past five years, the company’s revenue has grown at a yearly rate of 13.5%, higher than the industry average of 10.9%. In the same period, the company’s market share increased from 2.07% to 2.3%, and the stock’s current ratio was 157.61, which is also higher than the industry average of 108.37. 

Zodiac Energy Ltd

Zodiac Energy Ltd, founded in 1992 by Hitesh Patel, specialises in renewable energy equipment and services, particularly solar power solutions. The company has a market capitalisation of Rs. 1,055 cr. and a stock price of Rs. 705.75 as of 7th August 2024. Zodiac Energy boasts a PE ratio of 109.12 and a 5-year average return on investment of 12.38%.

KPI Global Infrastructure Ltd

KPI Green Energy, a Gujarat-based renewable energy company, develops, builds, owns, and maintains solar power plants. It is one of the best solar energy stocks on our Indian renewable energy stocks list. It operates under the brand Solarism and caters to independent and captive power producers. Founded in 2008, it aims to achieve 1000+ MW in solar energy production by 2025. Over the last 5 years, the company’s revenue has grown at a yearly rate of 88.05%, higher than the industry average of 11.33%. Its market share increased from 0.2% to 2.81% in the same period. 

SJVN Ltd

SJVN Ltd., formerly known as Satluj Jal Vidyut Nigam. is a major Indian government-owned renewable energy company in India in the hydropower sector. Founded in 1988, it’s known for operating India’s largest hydropower plant (Nathpa Jhakri) and has a total hydropower capacity exceeding 1900 MW. It is a mid-cap green energy stock in India. Present in the renewable energy share list, this renewable energy share in India has also diversified into wind and solar power generation with a growing portfolio. The green energy company in India has a net profit margin of 30.79%, and a cash flow margin of 49.54%.

KKV Agro Powers Ltd

KKV Agro Powers Limited is a renewable energy company based in Coimbatore, India. It focuses on developing, owning, and operating solar and wind farms to generate electricity. Its total installed capacity is around 10.6 megawatts, with most being wind energy and the remainder solar. Over the past five years, the company’s revenue has grown yearly at 177.35%, higher than the industry average of 10.9%. In the same period, the company’s market share increased from 0.04% to 3.66%. 

Orient Green Power Company Ltd

Orient Green Power Company Ltd is India’s leading green energy company focused on wind power generation. Established in 2006, it manages a portfolio of over 402 MW wind assets across several Indian states and even has a wind farm in Croatia. It aims to expand its renewable energy projects and contribute to sustainable development. This green power company in India has a net profit margin is 12.93%, and its cash flow margin is 83.99%.

WAA Solar Ltd

WAA Solar Ltd. is one of the top solar stocks in India that generates solar power. It sets up its own solar power plants and also invests in other companies doing solar projects. It’s planning to expand into engineering, procurement, and construction (EPC) services for solar projects. Considered one of the top solar energy stocks in India, it is part of the Madhav Corp. conglomerate, which focuses on renewable energy, infrastructure, and real estate. The solar power company in India has a net profit margin is 24.24%, and its cash flow margin is 77.28%. It is one of the best solar stocks in India based on ROI on our list!

Energy Development Company Ltd

Energy Development Company Ltd (EDCL), founded in 1995, is a solar energy company in the power sector. It is a small-cap company present on the renewable energy shares list. It generates clean electricity from hydro and wind power plants, with a current capacity of 19 MW. Additionally, they develop energy and infrastructure projects for other companies. They have plans to significantly increase their hydroelectric power generation capacity in the coming years. The smallcap company’s market capitalisation, as of 7th August 2024, is Rs. 140 cr. 

Adani Green Energy Ltd

Adani Green Energy Limited (AGEL) is a renewable energy business based in Ahmedabad and part of the Adani Group. Founded by Gautam Adani in 2015, AGEL operates the Kamuthi Solar Power Project, one of the world’s largest solar photovoltaic plants. Over the last five years, the company’s revenue has grown at a yearly rate of 38.22%, higher than the industry average of 11.33%. The company’s market share increased from 9.82% to 29.25% in the same period. 

As the list of renewable energy companies in India is endless, investors can conduct thorough research and consider their risk tolerance before making any investment decision.

smallcase Green Energy Portfolios

In smallcase, we have green portfolios comprising the largest renewable energy companies in India that primarily focus on renewable energy sources in India. Thus, investors can analyse renewable energy, green technology, and eco-friendly practices. Afterwards, investors can consider their environmental, social, and governance (ESG) performance to make an informed investment decision. Here are two popular smallcase Green Energy portfolios:

  • Green Energy smallcase: This smallcase managed by Niveshaay comprises green stocks poised to benefit from the shift from fossil fuels to renewable energy sources, which will drive growth in power generation and related sectors. It includes companies involved in grid infrastructure modernisation and distribution network improvements alongside those profiting from electric mobility and recycling.

Green Energy smallcase by Niveshaay

  • Electric Mobility smallcase: This smallcase, managed by Windmill Capital, comprises companies investing in the electric vehicle ecosystem and is expected to grow with the increased adoption of EVs.

Electric Mobility smallcase by Windmill Capital

However, if you’re confused about which stocks to pick, you can explore smallcases:

  1. smallcases are readymade portfolios of stocks/ETFs, that are based on a theme idea or strategy
  2. They’re created and managed by SEBI-registered experts
  3. smallcase.com offers over 200+ stock portfolios, created by 180+ managers
  4. Some of the popular smallcases among new investors are as follows:

Equity & Gold smallcase by Windmill Capital

Top 100 Stocks smallcase by Windmill Capital

All Weather Investing smallcase by Windmill Capital

Disclosures for aforementioned smallcases

What are Green Energy Stocks?

Clean and renewable energy stocks are like the superheroes of the stock market

Green energy stocks represent companies developing alternative technologies using renewable resources like sunlight, wind, heat, low-impact hydroelectric sources, and certain forms of biomass. These green fuel companies in India aim to minimise pollution and carbon emissions while reducing reliance on fossil fuels. Investing in green energy stocks in India can be a good idea if you want to be a part of the renewable energy sector in India and in case it aligns with your investment objective.

Relevant Union Budget Allocations for the Green Energy Sector in 2024-25

India’s Finance Minister Nirmala Sitharaman presented the interim Budget for 2024-2025 on February 1, 2024. The budget avoided grand announcements but highlighted key allocations and targets for the climate and energy sectors. For those interested in India’s energy sector, the Union Budget for 2024 promises to be eventful. Some of these highlights significant for the green energy sector include: 

Energy, Climate, and Environment Sector Highlights

  1. The Ministry of New and Renewable Energy received an allocation of Rs. 19,100 cr. in 2024-2025, higher than the revised allocation of Rs. 7,848 cr. in 2023-24.
  2. The funding for grid-based solar power increased to Rs. 10,000 cr. in 2024-25 from Rs. 4,757 cr. in 2023-2024. 
  3. Rooftop solarisation aims to cover 10 million houses, each receiving 300 units of free electricity monthly.
  4. Wind power allocation rose slightly to Rs. 930 cr. in 2024-2025 from Rs. 916 cr. in 2023-2024. Offshore wind energy to receive viability gap funding for an initial 1 gigawatt (GW) capacity.
  5. Coal gasification and liquefaction projects of 100 tonnes capacity to be established by 2030.
  6. The funding for the National Green Hydrogen Mission increased to Rs. 600 cr. from the funding of Rs. 100 cr. allocated in the previous year.
  7. The budget for the Union Ministry of Environment, Forests, and Climate Change increased to Rs. 3,265.53 cr. from last year’s allocation of Rs. 3,079.4 cr.
  8. The Union Ministry of New and Renewable Energy’s budget rose to Rs. 12,850 cr. from the allocated Rs. 10,222 cr. last year.
  9. The Ministry of Power’s allocation decreased to Rs. 20,502 cr. for FY25 from the allocation of Rs. 20,671 cr. in FY24.

Electric Vehicle Sector Highlights

  1. Notably absent in the Budget speech was any mention of the FAME scheme. The FAME India scheme is an initiative by the Indian government to increase the adoption and use of electric and hybrid vehicles. However, Rs. 2,671 cr. was allocated to the scheme, down from the allocation of Rs. 4,807 cr. last year.
  2. The 2024-25 budget has increased the budget for the production-linked incentive (PLI) scheme for automobiles and auto components to Rs. 3,500 cr. This is a significant rise from the Rs. 484 cr. allocated in the revised 2023-24 budget, marking a 624% increase.
  3. The focus appears to shift towards supply-side measures with reduced customs duties on critical minerals for EVs. The impact of reduced EV subsidies on sales, especially for two- and three-wheelers, remains a concern.

Petroleum and Natural Gas Sector Highlights

  1. Compressed biogas received a significant push with Rs. 498 cr. allocated for pipeline infrastructure development.
  2. Rs. 150 cr. was allocated to improve biomass collection. This enhances the feedstock availability for biofuels.
  3. First-time allocations of Rs. 332 cr. and Rs. 388 cr. for mission Anveshan and extended continental shelf appraisal indicate a focus on expanding oil and gas reserves.

This Budget suggests a reshaping of priorities for India’s energy transition, with a focus on energy storage and nuclear energy, as well as waste-based biofuels.

Types of Green Energy Stocks

Although there are many other green energy stocks in India, we have categorised some direct green energy stocks that are listed below:

  • Clean Energy Stocks: Indian green energy stocks, including penny green energy stocks, represent companies producing and providing clean and renewable energy sources like solar, wind, hydro, geothermal, and bioenergy.
  • Solar Energy Stocks India: Solar Energy Stocks India primarily consists of solar energy stocks, including renewable energy companies that produce solar panels and provide installation services for residential, commercial, and utility-scale solar power projects.
  • Wind Energy Stocks in India: The best solar stocks in India are primarily composed of wind energy stocks or companies in India, including renewable energy companies that produce wind turbines and provide installation services for onshore and offshore wind farms. These wind energy stocks make great green energy shares for investments.
  • Hydro Energy Stocks: These are companies that generally operate hydroelectric power stations. This operation leverages water flow to generate electricity as a renewable resource. 
  • Geothermal Energy Stocks: Green energy companies in India develop geothermal power plants that can generate electricity by harnessing the earth’s natural heat.
  • Bioenergy: Green energy companies in India that can potentially produce and distribute biofuels, such as ethanol and biodiesel, and operate biomass power plants from organic matter.

Features of Green Energy Stocks in India

Here are a few key features of Green Energy Stocks in India:

Commitment to Environmental Responsibility

Green energy stocks in India predominantly represent green energy companies in India NSE deeply committed to environmental responsibility. These firms prioritise renewable energy sources such as solar, wind, and hydropower. Their operations align with eco-friendly practices, reflecting a dedication to sustainable energy solutions. 

Resilience to Economic Fluctuations

A notable feature of listed renewable energy companies in India is their resilience to inevitable economic fluctuations. The increasing global emphasis on sustainable practices drives this resilience. As the world pivots towards cleaner energy alternatives, investments in these renewable energy stocks in India offer a level of stability compared to some traditional sectors.

Government Support and Initiatives

Green energy stocks in India benefit from robust government support and initiatives. Policies favouring clean energy play a pivotal role in enhancing their growth potential. The regulatory backing creates a favourable environment for investors looking to participate in the burgeoning green energy sector.

Innovation and Technological Advancements

The green energy sector is characterised by a constant drive for innovation and technological advancements. Clean energy companies engaged in research and development of cutting-edge technologies for renewable energy solutions have the potential to experience substantial market gains. This innovation-centric aspect adds dynamism to the investment landscape.

Consideration of Regulatory Landscape

Investors in green energy stocks must be vigilant about the regulatory landscape. The sector is subject to policy changes and government interventions that can significantly impact the performance of these green renewable energy stocks in India. Staying informed about regulatory shifts is crucial for making well-calculated and informed investment decisions in this rapidly evolving and transformative sector.

Why Switch to Green Energy?

Imagine a world where the sky is crystal clear, the air is crisp, and the natural beauty of our planet is preserved. A world where we don’t have to worry about the harmful effects of fossil fuels and can enjoy an abundance of renewable and clean energy sources that are affordable and accessible.

This is the world we can create if we switch to green energy. By adopting clean and renewable energy sources such as solar, wind, and hydropower, we can significantly reduce our carbon footprint and mitigate the effects of climate change. Investing in renewable energy can be better for our environment as it is more sustainable, cost-effective, and reliable than traditional energy sources.
Therefore, by switching to green energy, we can create a brighter and more sustainable future for ourselves and future generations. It is possible for investors interested in renewable energy in India to make real contributions  in this field by investing in the best green energy stocks in India. 

Green Energy vs Renewable Energy

Green energy refers to renewable energy sources that produce minimal pollution. While people often use “green energy” and “renewable energy” interchangeably, there’s a crucial distinction. While all green energy sources are renewable, not all renewable sources are entirely green. For instance, solar power is both green and renewable, while burning wood is renewable but not green, as it contributes to air pollution. Green energy is a subset of renewable energy.

How Do You Identify Green and Renewable Energy Investments?

Identifying truly sustainable investments requires a thorough understanding of the company, its operations, and its environmental impact. Here are some steps to follow when evaluating green energy stocks:

  • Focus on Renewable Energy Sources: Look for companies that derive a significant portion of their revenue from renewable energy sources such as solar, wind, hydroelectric, or geothermal power. These companies are more likely to contribute positively to environmental sustainability.
  • Carbon Footprint: Assess the company’s carbon footprint and efforts to reduce it. Companies prioritising reducing greenhouse gas emissions through energy efficiency measures or carbon offset programs demonstrate a commitment to environmental responsibility.
  • Regulatory Compliance: Ensure that the company complies with environmental regulations and standards. Companies operating following strict environmental laws are less likely to face legal and financial repercussions in the future.
  • Track Record of Innovation: Evaluate the company’s track record of innovation in green technologies. Companies that invest in research and development to improve energy efficiency or develop new renewable energy solutions are better positioned for long-term growth.
  • Industry Leadership and Partnerships: Consider companies that demonstrate industry leadership and engage in strategic partnerships with other green energy firms, government agencies, or research institutions. Collaboration can accelerate innovation and market penetration in the renewable energy sector, including the best energy stocks to buy in India.

Why Invest in Green Energy Stocks?

Global energy demand is on a steady upward trajectory, projected to surge by almost 50% by 2050, fueled by emerging economies and developing nations. Simultaneously, scientists warn of escalating temperatures attributed to greenhouse gasses like carbon dioxide. The looming rise of over two degrees Celsius prompts nations to explore alternatives to fossil fuels, creating a market niche for investors keen on green energy opportunities.

How to Invest in the Top Green Energy Stocks (India)?

The following approach can be adapted when considering investments in the green energy sector:

  • Research Green Energy Stocks: Investigate the top 10 green energy stocks to understand their market positions.
  • Evaluate Stock Prices and Analytics: Review the list of green energy shares, based on their 5-year average return on investment, and their prices to gauge market valuations.
  • Select Stock Types: Choose clean energy stocks based on your investment goals and risk tolerance. The best green hydrogen stocks in India typically range from mid-cap to high-cap with varying returns and risks.
  • Analyse Financial Health and Position: Examine financial reports, market performance, and growth prospects of your chosen green energy firms. This analysis will help you understand their stability and future potential.
  • Use Advanced Tools: Leverage tools like the Tickertape Stock Screener to create a personalised ‘Custom Universe’ for renewable energy stocks. The Tickertape Stock Screener has over 200 filters. Investors may refine their criteria and build a focused list for insightful analysis.

These steps provide a structured approach to investing in green energy stocks. It makes it easier to understand and engage with this market.

Risks of Investing in Green Energy Stocks

Here are a few risks of investing in green power stocks in India:

  • Heavy Reliance on Thermal Energy: India’s predominant reliance on thermal energy, specifically coal-based power, stands at 75% in FY 2022-2023. This dependence is rooted in the widespread availability and cost-effectiveness of fossil fuels. The transition to alternative energy sources is a gradual process, challenging the possibility of an immediate shift.
  • Renewable Energy Production and Distribution Challenges: Beyond the generation of renewable energy, challenges extend to the maintenance, distribution, and storage of these green shares’ resources. Green sources like solar and wind energy are constrained by their intermittent nature, tied to sunlight and wind availability. 
  • Demand-Supply Gap and Peak Energy Requirements: Addressing the demand-supply gap proves challenging, especially considering India’s higher energy requirements in the evening. 
  • Intermittency of Renewable Sources and Seasonal Variations: Solar and wind energy availability is subject to natural conditions, with sunlight limited to daytime and wind patterns influenced by geography and climate. This can be a risk factor for even the best renewable energy company in India.
  • Cost Inefficiencies in Green Energy Solutions for Storage: While efficient energy storage, mainly through batteries, could be a solution, the current cost-effectiveness of this method remains a barrier. 

Benefits of Investing in Green Energy Stocks

Investing in clean energy stocks in India can be a smart and exciting way to help the environment while potentially earning profit. Let’s learn how: 

  • Growing Industry: The clean energy industry or wind energy stocks are rapidly increasing; thus, investing in it can result in high returns.
  • Sustainable: Clean energy sources like solar, wind, and hydro are sustainable and will continue to generate power in upcoming years, increasing the demand for wind energy stocks.
  • Reduced Carbon Footprint: Clean energy helps reduce carbon emissions, which is good for the planet. 
  • Green Job Creation: The clean energy industry creates new job opportunities, contributing to economic growth.
  • Diversification: Investing in renewable energy stocks in India diversifies your portfolio, reducing risks and increasing returns.
  • Positive Impact: By investing in clean energy stocks, you support green energy companies, including solar energy companies, on the Indian NSE that positively impact the environment and society.
  • Government Support: Governments worldwide support the clean energy industry with incentives and subsidies, making green energy stocks, including biofuel stocks, potentially good investment opportunities.

Who Should Invest in Renewable Energy Stocks in India?

Investing in clean and renewable energy stocks in India is recommended, especially for those passionate about the environment, sustainability, and reducing carbon emissions. Above all, these green energy penny stocks in India offer an opportunity to invest in companies prioritising eco-friendly practices and green technology. It can be an excellent deal if you prioritise long-term green energy investments and want to contribute to a more sustainable future. 

Notwithstanding, all investors must research and/or consult their financial advisors before investing in any stock.

Factors to Consider Before Investing in Green Energy Stocks

Government Policies

Investors can analyse the impact of government policies, incentives, and subsidies on the growth of the best green energy stocks in India. Such policies can significantly affect the performance of green energy stocks NSE and other exchanges.

Innovation

Look for companies that invest in innovation and new technologies, as they have higher chances of growth. This is particularly important when evaluating top green energy companies in India, which often lead the way in technological advancements within the green energy sector.

Competition

Evaluate the competition and market trends in the green energy industry, including wind energy stocks India and green fuel stocks India. Investing in companies with a competitive advantage can provide better returns compared to others in the green energy share list.

ESG Performance

Consider the company’s environmental, social, and governance (ESG) performance, which is a strong indicator of long-term sustainability. Companies excelling in these areas are often featured among the best renewable energy stocks India and green energy penny stocks India.

Risk

Investors can assess the risks associated with investing in top energy stocks in India, including regulatory and potential technology risks. This assessment is crucial when considering green energy smallcase stocks list, where market dynamics can rapidly shift.

Diversification

Diversify your portfolio by investing in multiple green energy smallcase stocks to mitigate risks and maximise returns. The best green energy stocks India provide options to spread your investment across various segments of the green energy market.

Long-Term Perspective

Investing in the best renewable energy stocks in India requires a long-term perspective, as the industry is still evolving, and returns may take time to materialise. Including green energy penny stocks India can be part of a diversified approach that balances risk and growth potential.

However, analysing and researching every step can be overwhelming. At smallcase, we have SEBI-registered research analysts who conduct extensive research, so you don’t have to. Now, you can easily invest in green energy stocks in India from the best renewable energy stocks in India listed on the smallcase app or website.

To Wrap It Up…

To conclude, India’s green energy and renewable stocks industry is a growing sector with immense potential. Thus, if green energy shares catch your eye, there can be plenty of direct approaches through which you can make your portfolio green. However, you don’t have to choose individual companies to invest in India’s green energy and renewable stocks. Nonetheless, at smallcase, we have a basket of the best-performing companies created by professionals and backed by tons of research. So, go green with smallcase today!

Frequently Asked Questions About Green Energy Stocks

1. What are the best 5 green energy industry stocks to invest in India?

Here are the top 5 green energy stocks from the green energy stocks list based on 5Y Avg ROI are:

1. KP Energy Ltd
2. BF Utilities Ltd
3. Zodiac Energy Ltd
4. KPI Global Infrastructure Ltd
5. SJVN Ltd

Note: This list of green energy stocks in India has been generated on 7th August 2024.

2. Is it a good time to invest in green energy stocks in India?

Your investment timing should align with your financial goals and risk tolerance rather than market timing. The green energy sector in India offers long-term growth potential due to the increasing focus on Indian renewable energy sources. Investors must consider their investment goals and risk appetite before investing in green energy stocks.

3. What are the best wind energy companies in India?

Here are some of the top wind energy companies in India:
1. Vestas India
2. Inox Wind Ltd
3. Suzlon Energy Limited

Note: The data on this list of the best wind energy stocks in India in the wind sector was taken on 7th August July 2024.

4. How to get the list of renewable energy listed companies in India (NSE)?

Investors can generate a screener for the best green energy companies in India through the Tickertape Stock Screener. They just need to go through the following steps:

1. Open the Tickertape Stock Screener.
2. Select ‘’Renewable Energy’ under the ‘utilities’ sector.
3. Select a filter of your choosing to sort the renewable energy stocks.
4. The list of green energy companies in India, according to the chosen fundamentals, will be displayed.

5. Who is the largest producer of green energy?

China leads the world in producing and generating solar products, according to the World Economic Forum. In 2022, it added 87.41 GW of new solar power, bringing its total capacity to 392.61 GW. The country excels in both wind and solar energy and aims to produce a third of its energy from renewables by 2025. Additionally, China is a major global investor in renewable energy.

6. What are the best penny stocks in renewable energy in India?

Here are the best green energy penny stocks in India under Rs. 20 in the list of all renewable energy penny stocks India:

1. Ind Renewable Energy Ltd
2. Jaiprakash Power Ventures Ltd
3. SRM Energy Ltd

Note: The data on this green energy penny stocks list has been taken on 7th August 2024.