Top Renewable Energy Companies in India
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In recent years, renewable energy is becoming popular, in fact, starting to become a necessity.
The world is fighting climate change more rigorously than ever and increasing the focus on cleaner sources of power like solar energy, wind energy, and hydropower can be a key to a better future.
India has an abundance of natural resources. And this is primarily the reason why India has a greater chance to emerge as a leader in this renewable energy sector. As of May 2023, India's installed renewable energy capacity had reached an impressive 179 GW, a significant increase compared to previous years.
This growth is driven by a supportive government framework and a thriving ecosystem of top renewable energy companies in India.
In this article, we will explore the list of the top 10 renewable energy companies in India and their contributions to India's clean energy journey.
What is Renewable Energy?
The traditional methods of generating electricity rely mostly on fossil fuels like coal and oil. These come with a hefty environmental cost.
Renewable energy offers a cleaner alternative for these. Unlike these finite resources, renewable energy sources are naturally replenished on a human timescale.
Sunlight, wind, moving water, and even heat from the Earth's core can be used to generate power to meet the rapidly growing human needs. These are continuously available and hence can be a sustainable and reliable option.
When the world makes the shift towards renewable energy, it can ensure a long-term energy supply while minimizing the burden on the environment. Most renewable energy sources produce little to no harmful emissions, which can help manage climate change and air pollution.
Top 10 Renewable Energy Companies in India
India's renewable energy sector is driven by a diverse group of companies, each playing a crucial role in one way or the other.
Here are the top 10 renewable energy companies in India:
Adani Green Energy Limited (AGEL)
Sterling and Wilson Renewable Energy Limited
JSW Energy Limited
Tata Power Renewable Energy Limited (TPREL)
Hero Future Energies
Suzlon Energy Limited
NHPC Limited
Greenko Energy Holdings
Orient Green Power Limited
KPI Green Energy Limited
Adani Green Energy Limited (AGEL)
| Company | Adani Green Energy Limited |
|---|---|
| Founder | Gautam Adani |
| Founded | 23 January 2015 |
| Headquarters | Ahmedabad, India |
Adani Green Energy Limited (AGEL) is a prominent player in India's renewable energy sector. AGEL has a robust project portfolio focused on wind and solar power. They are also at the forefront of developing green hydrogen technology.
AGEL claims to be committed to a greener future for India by implementing large-scale solar and wind farm projects.
These projects generate electricity that caters to various entities including government and government-backed enterprises.
Sterling and Wilson Renewable Energy Limited
| Company | Sterling and Wilson Renewable Energy Limited |
|---|---|
| Founder | - |
| Founded | 9 March 2017 |
| Headquarters | India |
Sterling and Wilson Renewable Energy Limited, formerly known as Sterling and Wilson Solar Limited, is a global leader in offering solar EPC (engineering, procurement, and construction) solutions.
They handle the entire project lifecycle for renewable energy projects. That is, they handle processes from design and engineering to procurement and construction.
Their expertise extends across solar, wind, and hybrid projects. Hence they are a significant contributor to India's renewable energy growth.
JSW Energy Limited
| Company | JSW Energy Limited |
|---|---|
| Founder | Sajjan Jindal |
| Founded | 1994 |
| Headquarters | Maharashtra, India |
JSW is a leading Indian independent power producer that is making prominent strides in the renewable energy sector.
They develop, own, and operate solar and wind power plants having a diverse portfolio of 9.8 GW of which 61% is renewable.
JSW Energy is known for its responsible business practices and it aims to achieve a sustainable future through clean energy initiatives.
Tata Power Renewable Energy Limited (TPREL)
| Company | Tata Power Renewable Energy Limited |
|---|---|
| Founder | Deepesh Nanda (President) |
| Founded | 2007 |
| Headquarters | Mumbai, India |
TPREL is a key player in India's renewable energy transformation, backed by the legacy of innovation and leadership of the Tata Group.
They have a well-established portfolio that includes wind, and solar power projects and are actively involved in developing renewable energy solutions for a sustainable future.
They have an operating capacity of 1839 MW, consisting of 907 MW from wind power and 932 MW from solar power.
Rishita Jain
Hero Future Energies
| Company | Hero Future Energies |
|---|---|
| Founder | Rahul Munjal (Owner) |
| Founded | 2012 |
| Headquarters | United Kingdom |
With a vision to create a greener future Hero Future Energies operates as one of the prominent players in India's renewable energy sector. The company is a part of Hero Group, a popular business group in India
Hero Future Energies has various wind and solar energy farms across the country. They have a global portfolio of 4.5 GW across India as well as Ukraine and Vietnam. They are also well-positioned to offer Green Hydrogen across the globe.
They also actively invest in research and development to bring innovative renewable energy solutions to market.
Suzlon Energy Limited
| Company | Suzlon Energy Limited |
|---|---|
| Founder | Tulsi Tanti |
| Founded | 1995 |
| Headquarters | Pune, India |
Suzlon is a pioneer in India's wind energy sector. It has the highest installed wind energy capacity in the country over 20,680 MW.
They offer an extensive range of wind turbine solutions that include design, development, manufacturing, and servicing.
Suzlon has a deep commitment towards technological advancements and this plays an important role in making wind energy a more reliable and cost-effective source of renewable power in India.
NHPC Limited
| Company | NHPC India |
|---|---|
| Founder | Sri Raj Kumar Chaudhary (Chairman and Managing Director) |
| Founded | 1975 |
| Headquarters | Faridabad, India |
The National Hydroelectric Power Corporation, NHPC is a leading public sector enterprise in India that specializes in everything from conceptualizing, and developing to operating hydroelectric power plants. They also have set up other projects like solar and wind power plants.
They are estimated to have 26 power plants with almost 7144.20 MW capacity.
NHPC has been one of the major contributors to India's renewable energy sector. With many enhancements in their projects using promising technologies like photovoltaic panels, and floating solar panels they help the nation lean more towards a clean and reliable source of baseload power.
Anurag Gade
Greenko Energy Holdings
| Company | Greenko Energy Holdings |
|---|---|
| Founder | Mahesh Kolli and Anil Kumar Chalamalasetty |
| Founded | 2006 |
| Headquarters | Hyderabad, India |
Greenko is another leading renewable energy company in India with a portfolio that encompasses wind, solar, and hydropower projects. They have an installed capacity of around 7.5 GW. The company also has a storage capacity of 100 GWh per day.
They are committed to developing sustainable and affordable energy solutions through integrated decarbonized energy and grid assets. They have played a crucial role in shaping India's renewable energy landscape in the complex and mid-stream sections.
Orient Green Power Limited
| Company | Orient Green Power Limited |
|---|---|
| Founder | Mr. T. Shivaraman |
| Founded | 2006 |
| Headquarters | India |
Orient Green Power is a fast-growing company in India's renewable energy sector. This company has a great focus on developing, constructing, and operating utility-scale solar power plants across the country.
As of June 2022, they have a capacity of over 402.3 MW of wind power generation assets. They also have a considerable wind farm in Europe.
Through an innovative approach and operational excellence, Orient Green Power has been rising to be a key player in India's clean energy future.
KPI Green Energy Limited
| Company | KPI Green Energy Limited |
|---|---|
| Founder | Dr. Faruk G. Patel (Managing Director) |
| Founded | 2008 |
| Headquarters | India |
Established in 2018, KPI Green Energy Limited is a promising company that produces independent power and also provides services to Captive Power Producers.
They are making their mark by developing solar and wind energy projects and also significantly contributing to India's growing renewable energy capacity.
They have over 1679 MW solar and hybrid portfolios with a target of increasing 1000 MW more by 2025.
So, these are the 10 of the leading renewable energy companies in India that are promising to help India lean towards a greener future.
Harshit Verma
Is India a Leader in Renewable Energy?
With its impressive growth in renewable energy capacity and a supportive government framework, India is certainly positioning itself as an upcoming leader in the renewable energy sector. The country's abundant natural resources and ambitious sustainable energy goals make it a frontrunner in the race as the world shifts towards renewable energy sources.
In 2021, Prime Minister Modi announced the “Panchamrit” agenda at the COP26 climate summit, aiming for 500 GW of non-fossil energy capacity by 2030 and net zero emissions by 2070. As of May 2023, India’s installed renewable energy capacity reached 179 GW, with solar and wind comprising a significant portion of this total.
However, there's still room for further development and innovation to fully harness this potential and ensure a sustainable energy future for India.
Even though India has an impressive installed capacity of renewable energy production plants, the intermittent nature of renewable sources like solar and wind results in a gap between capacity and actual electricity production. Additionally, while fossil fuels still dominate India’s energy mix, the country's ongoing efforts to increase the share of renewables and reduce greenhouse gas emissions reflect a committed path towards energy transformation.
Conclusion
India's journey towards clean energy is being driven by a collective effort.
The top renewable energy companies in India, along with government initiatives and a growing public awareness about climate change, are paving the way for a greener future.
As renewable energy continues to play a larger role in India's energy production, the country is not only reducing its carbon footprint but also creating new opportunities for jobs and economic growth.
By continuing to invest in renewable energy, India can secure a brighter, more sustainable future for its citizens.
FAQs
Which are the top renewable energy companies in India?
The top renewable energy companies in India include:
- Adani Green Energy Limited (AGEL)
- Sterling and Wilson Renewable Energy Limited
- JSW Energy Limited
- Tata Power Renewable Energy Limited (TPREL)
- Hero Future Energies
- Suzlon Energy Limited
- NHPC Limited
- Greenko Energy Holdings
- Orient Green Power Limited
- KPI Green Energy Limited
What is renewable energy?
Renewable energy is derived from natural resources that are replenished within a human lifespan. Utilizing renewable energy technologies not only mitigates climate change and enhances energy security but also offers economic advantages.
What are the types of green energy?
The types of green energy include wind power, solar power, bioenergy (organic matter burned as a fuel), and hydroelectric, including tidal energy.
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