NTPC Green Energy, Waaree Energies, KPI Green: How renewable energy stocks are performing on Tuesday, January 13

Most sectoral indices were trading in the red.

How renewable energy stocks are performing

Most renewable energy stocks were trading lower in the trade; however, a few of them were in the green.

Sterling and Wilson Renewable Energy, for instance, was trading at ₹203.17 on the NSE, up 3.52%, while NTPC Green Energy was trading 0.75% higher at ₹90.95.

On the other hand, Premier Energies was down 0.65% at ₹740.75 on the NSE. Waaree Energies was trading 0.24% lower at ₹2,570.80.

Waaree Renewable Technologies was up over 4.3% at ₹986, while Adani Green was down 0.4% at ₹938.40 on the NSE.

KPI Green Energy shares were trading 1.6% higher at ₹448.70 apiece on the NSE.

Inox Wind Ltd was flat at ₹112.44. Suzlon Energy was down nearly 1.6% at ₹48.42 on the NSE.

Expectations from Budget 2026

Analysts at EY India note that providing 200% green credits for investments in renewable energy will incentivise companies to adopt sustainable practices and enhance their competitiveness, they opined.

Fintech company Cleartax said that Budget 2026 is expected to place strong emphasis on making renewable energy, particularly solar power, more competitive and scalable across India.

• Accelerated solar manufacturing capacity to reduce import dependence.

• Improved grid integration and energy storage infrastructure to support renewable reliability.

• Continued momentum in green hydrogen and clean industrial energy use.

Renewable energy sector in India

India continues to rank fourth globally in wind power capacity, solar power capacity, and overall renewable energy installed capacity as of FY25, maintaining its position from FY24.

India is the market with the fastest growth in renewable electricity, and by 2026, new capacity additions are expected to double, according to the India Brand Equity Foundation (IBEF).

India has officially surpassed Japan to become the world's third-largest solar energy producer. According to data from the International Renewable Energy Agency (IRENA), India generated 108,494 GWh of solar power, exceeding Japan's 96,459 GWh.

India’s renewable energy sector witnessed a remarkable 420% YoY surge in capacity addition in June 2025, growing from 1.4 gigawatts (GW) in June 2024 to 7.3 GW this year.

India has hydroelectric power projects with a total capacity of 15 GW under construction, which will increase the country's total hydro capacity from 42 GW to 67 GW by 2031-32, supported by IMD's prediction of higher rainfall and the government's proactive stance towards accelerated hydropower development.