Waaree Energies, Inox Green, Premier Energies, NTPC Green: How renewable energy stocks fared on Friday, November 28

In a note, ICRA said 47.3 GW of clean energy projects were awarded in FY24 and 40.6 GW in FY25. Whereas in the first eight months of FY26 (April-November), only 5.8 GW of projects have been awarded.

"...bidding activity has slowed sharply in the current year... Further, the unsigned PPA capacity remains sizeable at about 40-45 GW as of date," the agency said.

However, ICRA stated that the outlook for the RE sector remains stable, supported by strong policy initiatives, improving tariff competitiveness and sustainability initiatives by large commercial and industrial customers.

Here is how individual stocks performed

At the market close, Waaree Energies stood at ₹3,185.90 apiece on the NSE, down nearly 1%, while Premier Energies was down 1.50% at ₹974.50. NTPC Green Energy ended flat with a positive bias at ₹95.14, while Sterling and Wilson Renewable Energy shares were down 1.32% at ₹225.49 on the NSE. Suzlon Energy ended at ₹54.12, down 1.47% on the NSE.

Adani Green Energy, on the other hand, ended 1.60% higher at ₹1,047.60 on the NSE.

India: Fourth Largest Renewable Energy Producer

Union minister Pralhad Joshi in late October 2025 said India is the fourth-largest nation in the world in terms of renewable energy capacity, at 257 GW, a three-fold jump from 81 GW in 2014.

Addressing the 8th session of the International Solar Alliance Assembly, the union minister of new and renewable energy said India's solar capacity increased from 2.8 GW in 2014 to 128 GW today.

The minister said, "India is now the world's 4th-largest in RE capacity. Renewables in 2014 vs. Now: 81 GW - 257 GW."

The minister said that solar module manufacturing capacity increased from 2 GW in 2014 to 110 GW at present.

Similarly, the solar cell manufacturing increased from 'zero' to 27 GW.

Joshi said under the leadership of Prime Minister Narendra Modi, India achieved the Nationally Determined Contribution target of 50% capacity from non-fossil sources, five years ahead of the deadline.

India's renewable tariffs, be it solar, solar-plus-battery, or green ammonia, are among the lowest globally, he said, adding that this reflects India's ability to combine scale with speed and skill to make clean energy affordable.