Top Green Energy Stocks in NSE (2026)

Green energy stocks represent companies developing alternative technologies powered by renewable resources such as sunlight, wind, heat, low-impact hydroelectric sources, and certain forms of biomass.

1. Adani Green Energy Ltd: Adani Green Energy Ltd develops, builds, and operates utility-scale solar and wind projects across India, contributing significantly to the nation’s renewable energy capacity and sustainable power generation.
2. NTPC Green Energy Ltd: A subsidiary of NTPC, it focuses on solar, wind, and hydrogen-based projects, driving India’s transition to cleaner energy and expanding its renewable power portfolio.
3. NHPC Ltd: NHPC Ltd is India’s leading hydropower company engaged in developing, operating, and maintaining hydroelectric projects, contributing to clean energy generation and supporting sustainable infrastructure growth.
4. Premier Energies Ltd: Premier Energies Ltd manufactures solar cells, modules, and photovoltaic systems, playing a vital role in India’s solar energy ecosystem and supporting the country’s renewable energy expansion.
5. SJVN Ltd: SJVN Ltd develops and operates hydro, solar, and wind power projects across India, aiming to enhance renewable energy generation and contribute to the country’s sustainable energy goals.

• Higher MNRE Allocation: Budgetary support for renewable energy increased in 2026 27. The MNRE allocation rose to ₹329.14 bn from ₹265.49 bn last year. Solar energy received ₹305.39 bn, which includes ₹220 bn for PM Surya Ghar and ₹50 bn for PM KUSUM.
• Targeted Support for Other Renewables: The Budget allocated ₹6 bn for green hydrogen. Wind and other renewable sources received ₹5.51 bn. Bioenergy received ₹2.75 bn, while green energy corridors received ₹5.99 bn to strengthen transmission infrastructure.
• Duty Rationalisation for Clean Energy Inputs: The government reduced customs duty to zero on sodium antimonate used in solar glass manufacturing. It also removed customs duty on capital goods used for lithium-ion battery storage. These steps lower input costs across clean energy value chains.
• Supply Chain and Decarbonisation Push: The Budget supported Rare Earth Corridors to strengthen clean technology supply chains. It also announced a ₹200 bn outlay for carbon capture, utilisation, and storage over five years to support industrial decarbonisation.

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1. Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
2. Conduct thorough research into the top green energy stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a list of green energy stocks.
3. Place a ‘Buy’ Order on the top green energy stocks that align with your investment thesis.

• Broad Renewable Energy Exposure: Green energy stocks in India cover solar, wind, hydro, bioenergy, green hydrogen, and storage. As of late March 2026, India had 143.60 GW of solar capacity and 55.13 GW of wind capacity.
• Strong Capacity Expansion: These stocks operate in a fast-growing sector. India’s cumulative installed capacity from non-fossil sources reached 52.5%, while renewable power generation rose from 190 BU to 403 BU since 2014.
• Policy-Driven Growth: Policy support remains a key driver for the sector. MNRE has set a bidding trajectory of 50 GW of renewable capacity every year until FY2028, with at least 10 GW annually reserved for wind.
• Presence Across Emerging Segments: The sector also includes newer areas beyond power generation. Under the National Green Hydrogen Mission, India targets a green hydrogen capacity of 5 mn metric tonnes per annum by 2030.

• Exposure to a Fast-Growing Sector: Green energy stocks in India cover solar, wind, hydro, bioenergy, green hydrogen, and storage. As of late March 2026, India had 143.60 GW of solar capacity and 55.13 GW of wind capacity.
• Demand Supported by Adoption Trends: India’s cumulative installed capacity from non-fossil sources reached 52.5%, while renewable power generation rose from 190 BU to 403 BU since 2014.
• Backing from Policy and Infrastructure: MNRE has set a bidding trajectory of 50 GW of renewable capacity every year until FY2028, with at least 10 GW annually reserved for wind.
• Opportunity Across Manufacturing and Supply Chains: Under the National Green Hydrogen Mission, India is targeting 5 mn metric tonnes per annum of green hydrogen production capacity by 2030.

• Dependence on Policy Execution: The sector depends on policy support such as bids, subsidies, transmission access, and ISTS charge waivers. Delays in any of these can affect growth and margins.
• Grid and Transmission Constraints: Grid readiness remains a key risk. India plans to raise transmission capacity from 120 GW to 168 GW by 2032, which shows that network expansion still needs to keep pace.
• High Capital Intensity: Many green energy businesses need high upfront investment. Large projects in manufacturing, storage, hydrogen, and transmission can pressure balance sheets when execution slows or funding costs rise.
• Uneven Growth Across Segments: Solar, wind, storage, and hydrogen do not grow at the same pace. India’s renewable mix reflects this, with 143.60 GW of solar capacity versus 55.13 GW of wind capacity.

• Business Segment Exposure: Companies linked to solar, wind, storage, or hydrogen respond to different demand cycles. India’s solar capacity stands at 143.60 GW, while wind capacity is 55.13 GW.
• Alignment with Government Policy: Sector activity is shaped by policy support, including 50 GW of annual renewable energy bidding, 10 GW of annual wind reservation, rooftop solar expansion, and green hydrogen targets.
• Execution and Financial Strength: Renewable projects need high capex and long timelines. Programmes covering thousands of MW and investments of ₹93,041 cr show the scale companies may need to manage.
• Transmission and Grid Readiness: Grid support remains important. India’s inter-regional transmission capacity is expected to rise from 120 GW in early 2026 to 168 GW by 2032.