The world is quickly shifting to new energy sources in the global economy from dirty fossil fuels to cleaner energy sources due to climate concerns. The decarbonization of the global economy will take an estimated investment of more than $150 trillion over the next three decades. Thus, accounting for about 13% of primary consumption, India’s green energy stocks and renewable energy stocks have attracted a lot of attention lately.
What are Green Energy Stocks & Renewable Energy Stocks India?
Green energy stocks in India are shares of companies that focus on clean and sustainable energy sources like solar, wind, hydro, and bioenergy. Big as the picture is, as of July 2023, India has an installed renewable energy capacity of 179.322 GW, which is about 43% of the country’s total installed capacity. Surely cities are an important factor to promote green & renewable energy stocks in India but it’s one of the top contributing factors as to why we need to GO GREEN.
Top Green Energy Stocks India
We have listed top green energy stocks and renewable energy stocks in India that are at the forefront of the clean energy revolution.
India’s Net Zero-Emissions by 2050: Strong Government Initiatives
Ranked as the 3rd largest energy consumer, the Indian government is working on policies and plans to reduce the country’s carbon footprint. These include:
- Allowing 100% Foreign Direct Investment (FDI) in renewable energy without prior approval.
- Launching a $2.4 billion National Hydrogen Mission to generate 5 million tonnes of green hydrogen by 2030.
- Allocating an extra $36 million for hydrogen production.
- Backing 4 GWh of Battery Energy Storage Systems and Pumped Storage Projects.
- Committing $1.02 billion to develop infrastructure for 13 GW of renewable energy in Ladakh.
By investing in blue chip stocks in the renewable energy sector, we can address the rising industrial CO2 emissions, and work on the tenfold increase of green energy demand to make Net-Zero emissions by 2050 real.
Best Green Energy & Renewable Energy Stocks List – Overview
Below we have mentioned the top renewable energy stocks India included in the renewable energy stocks list.
- Zodiac Ltd: Zodiac Ltd is a diversified company known for its innovative engineering solutions.
- KP Energy Ltd: One of the prominent renewable energy stock players in India that specializes in wind power generation and has a strong portfolio of wind farms.
- Borosil Renewables: Borosil Renewables is a leading manufacturer of solar glass, a critical component in the solar energy industry. This green energy stock has high-quality glass products.
Things to Consider Before Investing in Green Energy Shares
- Make sure the company is financially sound and has a track record of profitability.
- Look for companies that are well-positioned to grow in the green energy market.
- Make sure the company has a strong management team with experience in the green energy stock sector.
- Make sure you are paying a fair price for the renewable stock.
How to Invest in Green Energy Stocks India?
Investing in Green Energy Stocks in India can be a smart move, but it’s essential to know how to get started. One convenient option is to explore smallcase green energy portfolios. These basket stocks include green energy stocks carefully selected by experts, which means you can benefit from diversification without having to pick individual stocks independently.
Benefits of Investing in Renewable Energy Stocks
Let’s have a look at the promising advantages of investing in green energy stocks in India.
- Eco-Friendly: Investing in renewable energy stocks supports clean and sustainable energy sources.
- Growth Potential: These stocks can offer long-term growth opportunities as the world shifts towards cleaner energy options.
- Government Support: Many governments offer incentives and subsidies for renewable energy.
- Diversification: They provide diversification in your investment portfolio, reducing risk.
To Wrap It Up…
India has made notable strides in adopting green energy stocks and renewable energy stocks. However, the journey toward achieving net-zero emissions by 2050 or 2070 is formidable. This underscores the importance of substantial investments, unwavering commitment from both the government and the private sector, technological innovations, and heightened public awareness to propel this sustainable transformation forward.
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