Top 10 Green Energy Stocks to Buy for Long‑Term Gains (2025)

Indian investors seeking long-term capital appreciation in green energy stocks should focus on names like Adani Green Energy, Tata Power, JSW Energy, ReNew Energy Global, NTPC Green, Suzlon, Inox Wind, Borosil Renewables, KPI Green Energy, and Waaree Solar. 

These firms lead in capacity expansion, stable PPAs, strong financials, and government momentum behind India's 2030 clean energy targets.

Below, we will explain more about why these ten green energy stocks stand out among the rest, what their attractive features are, and why you should invest in them.

Top 10 Green Energy Stocks to Buy Now

1. Adani Green Energy Ltd (AGEL)

Adani Green is the leading renewable energy firm in India, managing 8 gigawatts of solar and wind power and aiming for 45 gigawatts by 2030.

Its core strength lies in long-term PPAs, hybrid project execution, and international expansion backed by strong capital partners such as TotalEnergies. 

Analysts highlight its dominant scale and ability to execute mega projects as key drivers for sustained growth. Market performance in 2025 has reflected this scale and investor conviction.

Why Invest:

India's biggest publicly traded renewable company is pursuing rapid growth. Backed by long-term PPAs and strong global partners, making it a market leader with strong visibility and growth certainty.

2. Tata Power Company Ltd (Renewable Segment)

Tata Power is leveraging its century-old legacy by transforming into a green energy powerhouse. With diversified renewables spanning solar, hydropower, rooftop, and EV infrastructure, the company aims to derive over 70% of its capacity from clean sources by 2030. 

Q1 2025 saw renewable revenue grow by over 27% YoY, and Tata has partnered with global firms like BlackRock to scale its solar and storage footprint.

Why Invest:

Diversified across solar, EVs, and hydropower, with over 70% green target by 2030. Strong brand trust, execution, and consistent financial growth. Offers stable, long-term clean energy exposure with blue-chip reliability.

3. JSW Energy (Neo Energy)

Shifting from thermal energy, JSW Energy is rapidly expanding its renewable portfolio through the acquisition of O2 Power, which contributes nearly 4.7 GW to its overall capacity.

Its order book now exceeds 20 GW, backed by PPAs that guarantee long-term cash flows. JSW has delivered an impressive 66% five-year CAGR, underpinned by strong execution and a firm balance sheet. Analysts expect further gains as execution proceeds.

Why Invest:

Transitioning fast to renewables with recent acquisitions and a robust 20+ GW pipeline. Attractive for long-term investors seeking consistent returns and earnings growth from the energy transition.

4. ReNew Energy Global Plc

ReNew, a company of Indian origin listed on NASDAQ, provides access to renewable markets in India and globally. With over 13 GW of commissioned capacity and support from international entities such as CPPIB and ADIA, the firm recently announced net earnings of ₹414 crore for FY24.

ReNew represents a compelling choice for global institutional investors seeking international diversification within green energy.

Why Invest:

Global exposure to Indian clean energy with strong institutional support. Allows Indian traders to tap international clean energy markets through a well-run, high-capacity operator.

5. NTPC Green Energy Ltd

NTPC Green, a subsidiary of flagship PSU NTPC, is taking bold steps in solar, wind, floating solar, battery storage, and even green ammonia. It recently commissioned a large floating solar plant in Kerala and secured a bid in a green ammonia auction, signalling diversified growth. 

With government benefits and extensive support, NTPC Green aims for 60 GW by 2032.

Why Invest:

Government-backed PSU with rapid expansion in floating solar, green hydrogen, and hybrid projects. Ideal for cautious investors seeking dependable long-term exposure to renewables.

6. Suzlon Energy Ltd

Suzlon has achieved profitability again after its restructuring, backed by a robust order book of almost 5.9 GW, which includes the largest wind project order in the country from NTPC Green.

In Q4 FY25, Suzlon reported nearly ₹1,182 crore in PAT — up 365% YoY. Alongside new offshore wind explorations, Suzlon presents a high-risk, high-upside wind play with recovery momentum.

Why Invest:

Revival narrative featuring substantial wind contracts and a return to profitability. Attractive for high-risk traders eyeing multibagger potential in the wind segment.

7. Inox Wind Energy Ltd

Focused on wind turbine manufacturing and EPC services, Inox Wind is benefiting from renewed auction cycles and robust order wins. 

Its restructuring has returned the company to profitability, complemented by expansion in Gujarat and strong execution capabilities. With wind capacity scaling across India, Inox offers a pure-play growth opportunity.

Why Invest:

Wind-focused EPC firm gaining from the revival in wind auctions and orders. It is a dedicated wind energy investment with robust technical capabilities and enhancing profit margins.

8. Borosil Renewables Ltd

Borosil is India's only solar glass manufacturer, strategically positioned in the solar module supply chain. 

With export orders representing nearly 38% of Q1 2025 revenue and a new production line operational in Gujarat, its niche leadership and scale make it an attractively defensible play on solar demand across India and abroad.

Why Invest:

India's only solar glass maker is crucial to the solar supply chain. It is an excellent choice for investors seeking unique, in-demand elements that bolster India's solar growth.

9. KPI Green Energy Ltd

Operating under the "Solarism" brand, KPI Green specialises in captive solar solutions for industrial users. It also offers hybrid solar-wind projects. 

Designed for reliable long-term savings for clients and ongoing revenues for KPI, this developing mid-cap attracts investors looking for steady results from customised renewables.

Why Invest:

Strong in solar for commercial and industrial clients. Hybrid project capabilities and ongoing revenues position it as a rapidly expanding mid-cap with extended contracts.

10. Waaree Renewable Technologies Ltd

Part of the Waaree Group, this firm is rapidly scaling in solar EPC and module manufacturing. It has capitalised on government PLI initiatives and rooftop demand across India. 

As project execution expands in the Middle East and Africa, Waaree offers insight into the global growth of solar infrastructure.

Why Invest:

A major solar EPC and module manufacturer benefits from domestic demand and global orders. It is perfect for traders seeking exposure to manufacturing-related opportunities in solar infrastructure.

Why Green Energy Stocks Are Increasing in Appeal?

To simplify, India aims for 500 GW of non-fossil fuel capacity by 2030, driving strong order placements, supportive policies, and investment from institutions.

Sustainable investing has regained momentum globally in 2025, with significant fund inflows into clean energy ETFs and improved trust in genuine ESG players. 

Domestic players like Adani Green, Tata Power, JSW, NTPC Green, and ReNew are gaining visibility and scale through long-term PPAs, government incentives, vertically integrated models, and international backing, making them solid long-term holdings in a growth-oriented equity portfolio.

Conclusion

In conclusion, India's energy transition opens up compelling multi-decade opportunities. For long-term investors seeking exposure to India's clean energy mission, this curated selection has scale, diversification, and thematic alignment.

However, remember to monitor execution risk, policy clarity, and market valuations as they unfold, and consider phased entry via SIP or staggered purchases.

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.