Vikram Solar, Suzlon Energy, Waaree Energies: How renewable energy stocks are performing on June 9

Most renewable energy stocks were trading higher in the afternoon deals on Tuesday, June 9, amid decent buying in the overall market.

When last seen, Emmvee Photovoltaic Power was trading at ₹333.95, up over 1% on the NSE, while Vikram Solar shares were up over 2% at ₹213.49. Waaree Energies was trading over 0.8% higher at ₹3,029 on the NSE, while Suzlon Energy shares were trading 1.23% higher at ₹55.10 apiece on the NSE.

NTPC Green Energy shares, on the other hand, were trading mildly lower at ₹99.60 apiece, down 0.18%.

Adani Green Energy shares were trading over 1% higher at ₹1,506.40 apiece on the NSE.

Jefferies on Renewable Power

Analysts at Jefferies, in their latest report, said that the power demand rose in double digits YoY in May 2026, driven by cooling demand, with peak demand hitting record highs.

They said that a harsh summer, weak monsoon forecast and high probability of El Niño are expected to sustain demand growth, supporting a pickup in renewable energy tendering in 2HFY27.

"The domestic PV cell mandate, followed by a domestic ingot/wafer mandate, is expected to favour domestic cell-backed players such as Emmvee and Premier, which have strong balance sheets," the report added.

Renewable energy industry: Latest developments

In May 2026, Colliers India released a report, 'The Green Shift: Renewable Prioritisation Reshaping Indian Real Estate', wherein it said that India will need around 7 lakh acres of land parcels, estimated to cost ₹10-₹15 billion, in five years to set up solar and wind energy projects.

In 2025, India's installed renewable energy capacity reached over 250 GW, a more than threefold increase from around 80 GW in 2015. As of March 2026, around 275 GW of capacity from renewable fuel sources has been installed in the country.

The consultant has estimated that about 270-300 GW of solar and wind capacity additions will be made by 2030.

"We foresee a requirement of around 7 lakh acres for upcoming solar and wind projects in India by 2030. This can resultantly lead to USD 10-15 billion of investments in land alone,' the report said.

During 2026-2030 calendar years, more than 6.5 lakh acres would be needed for solar projects and the rest for wind energy.

The consultant mentioned that solar project costs in India typically range between ₹3 and ₹4 crore per MW, while wind (onshore) projects require about ₹8 and ₹9 crore per MW, on investments depending on the technology deployed.

Clean energy sector to add 44 lakh jobs by 2030: Study

A recent study said that more than 44 lakh full-time jobs are likely to be created by 2030 in the clean energy sector, of which almost 43% will come from the rooftop solar industry.

In the study 'Driving Energy Transition: Workforce, Skills, and Gender in India's Renewable Energy Sector', conducted with technical guidance from the Ministry of New and Renewable Energy (MNRE), it is stated that India now ranks third globally in renewable energy installed capacity.

The climate think tank Council on Energy, Environment and Water (CEEW) and environment NGO Natural Resources Defense Council (NRDC) India, in the research paper, said that the country's 500 GW non-fossil fuel capacity target and goals under the National Green Hydrogen Mission could generate over 44 lakh full-time equivalent (FTE) jobs.

"Rooftop solar is projected to be the single largest employment engine, accounting for approximately 43% of these estimated jobs," it said.

The two firms said the study is based on a primary survey of companies conducted in 2024-25 across the solar, wind, bioenergy, and hydropower sectors.

"India now ranks third globally in renewable energy installed capacity and achieved its target of meeting 50% of cumulative electric power installed capacity from non-fossil sources in 2025, five years ahead of schedule," they said.