Waaree Energies to Adani Green: Here’s how renewable energy stocks performed this week

Renewable energy stocks had a mixed run in the week ended March 13. After witnessing a major upswing last week amid bargain-hunting, investors in green energy companies shifted to company-centric developments this week.

The prominent gainer in the space was Adani Green Energy, while NTPC Green, KPI Green Energy, Premier Energies and Inox Wind registered a weekly decline in their share prices.

Adani Green Energy

Adani Green Energy announced this week that its wholly-owned step-down subsidiary, Adani Solar Energy AP Eight Pvt. Ltd, has commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh. With the addition of the Kadapa solar plant, Adani Green Energy’s total operational renewable energy capacity has now reached 12,591.1 MW.

NTPC Green Energy

Earlier this week, NTPC Ltd said that the company along with NTPC Green Energy have signed multiple agreements with the government of Chhattisgarh, committing an investment of ₹96,000 crore to develop nuclear, pumped hydro, and renewable energy projects in the state.

Also, NTPC Green Energy separately announced that it has successfully commissioned the last part capacity of 50 megawatts (MW) of 105 MW Shajapur Solar Project (Unit-1) of the company's subsidiary NTPC Renewable Energy at Shajapur Solar Park.

Inox Wind

Inox Wind received the first-ever order for 153 MW from a renewable energy player, a member of a large global clean energy company, for a project being developed in Tamil Nadu. The company said multi-year post-commissioning operations and maintenance (O&M) services will be a part of the contract.

Premier Energies

Media reports this week highlighted the company’s expansion plans in Telangana. Premier Energies is strengthening its solar manufacturing capabilities extensively in the state. With a strategic investment and government support, the company is set to increase solar cell and module production while diversifying into new regions to enhance efficiency and market reach.

Acme Solar Holdings Ltd

ACME Solar was in the spotlight last week after it announced planned capital expenditure of ₹17,000 crore by 2026 with a focus on hybrid and round-the-clock renewable capacities.

KPI Green Energy

This week, KPI Green Energy’s board approved the appointment of Surinder Kumar Negi as the chief operating officer (COO) of the company with effect from March 12, 2025.

Negi will focus on scaling renewable energy projects, strengthening the company’s transmission infrastructure, and expanding its domestic and international footprint.

Waaree Energies

Waaree Energies’ subsidiary Waaree Renewable Technologies Ltd (WRTL) announced the receipt of a major order for a 125 MWAC (181.3 MWp DC) solar power project. The Letter of Award was granted to a consortium of three companies, with WRTL being one of the members. This project involves engineering, procurement, construction (EPC), and operation and maintenance on a turnkey basis.