Adani Green, Waaree Energies, KPI Green, Suzlon: How green energy stocks are performing on January 20

Last seen, the S&P BSE SENSEX was trading at 82,865.69 levels, down 380.49 points, or 0.46%, while the NSE's NIFTY50 index was trading at 25,448.05 levels, down 137.45 points, or 0.54%.

The company received an order on January 19, 2026, for the supply of 210 MW DCR solar modules from a renowned customer engaged in the business of owning, developing, and operating renewable power projects in India.

Further, Waaree Solar Americas Inc., a wholly owned subsidiary of the company, has also received an order on January 19, 2026, for the supply of 2000 MW of solar modules from a renowned customer who is a developer and owner-operator of utility-scale solar and energy storage projects across the United States.

Early in January 2026, the company said it had commenced power generation and supply to the state grid from a 92.15-megawatt hybrid power project in Gujarat.

The project was awarded by Gujarat Urja Vikas Nigam Limited under the competitive bidding process for hybrid renewable energy projects, KPI Green Energy Limited said in an exchange filing.

The project, with GUVNL as the offtaker, has an aggregate contracted capacity of 92.15 MWp, comprising 16.95 MW of wind power capacity and 75.2 MWp of solar power capacity.

The project has achieved grid synchronisation, and power injection into the grid has commenced, well ahead of the scheduled completion timeline of July 2026.

The company's net profit more than doubled to ₹120.19 crore in the December quarter (Q3 FY26) compared to a year ago, mainly on the back of higher revenues.

The company had a net profit of ₹53.48 crore in the quarter ended on December 31, 2024, a statement said.

"PAT stood at ₹120.19 crore as compared to ₹53.48 crore in Q3FY25, representing a growth of 124.74% YoY," it said. According to the statement, revenue in the quarter stood at ₹851.06 crore, representing a growth of 136.18% YoY (year on year) as compared to ₹360.35 crore in Q3FY25.

Its unexecuted order book stands at 2.92 GWp to be executed between 12 and 15 months, and the bidding pipeline remains robust at 29 GWp.

Last week, the state-owned firm said its board had given a go-ahead for the formation of a 50:50 joint venture with GAIL (India) Ltd for the development of renewable energy projects.

"The Board of Directors of the Company, in their meeting held on 15th January 2026, has inter alia approved the Joint Venture Agreement for the incorporation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Ltd for undertaking Renewable Energy Projects, subject to the approval of the Ministry of Power, DIPAM and/or other statutory authorities as applicable," a regulatory filing said.

Speaking to PTI during the World Economic Forum Annual Meeting, Suzlon Energy's Vice Chairman Girish Tanti said this 30-year journey has been quite rewarding, especially when it started from a point when wind energy was not at all seen as being viable.

Nearly 50% of India's energy requirement is now met from renewables, and the country is on track to achieve the target of being 100% carbon neutral by 2070, Tanti said.

The renewable energy player is looking to more than double its annual cell and module manufacturing capacity to 10.6 gigawatts and 11.1 gigawatts, respectively, as part of its ₹11,000-crore expansion plan, to meet domestic demand, a company official said.

The company is also looking to enter into the manufacturing of ingots and wafers to become one of the largest integrated renewable energy equipment manufacturers globally, Vinay Rustagi, Chief Business Officer (CBO) at Premier Energies, told PTI in a recent interaction.

Last week, the company reported a nearly 91% decline in its consolidated net profit to ₹1.55 crore in the December quarter, due to an exception provision of ₹30.84 crore.

The company recorded a net profit of ₹17.14 crore in the year-ago period, according to a regulatory filing.

A year earlier, a wholly-owned subsidiary company (WOS) of the group terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract, the filing showed.