Waaree Energies shares rose as much as 1.71% to ₹2,541.80 on the NSE after the company announced it had secured a one‑time order for the supply of 2 GW of solar modules from a leading domestic solar developer. The order will be executed across FY27 and FY28, and the company clarified that it is not a related‑party transaction and that the promoter group has no interest in the awarding entity. The announcement triggered a notable uptick in the stock price, reflecting investor confidence in the company’s expanding production capacity.

Sterling & Wilson Renewable Energy (SWREL) shares rallied up to 7.72% to ₹186.66 following the disclosure of two significant orders. The first is a 534.3 MWp project in Rajasthan from a leading IPP, while the second is a 616 MWh battery energy storage system (BESS) turnkey EPC wrap project in South Africa from a Middle East‑based renewable developer. The combined value of both orders, including taxes, exceeds ₹985 crore, underscoring SWREL’s growing footprint in both domestic and international markets.

The Rajasthan project will include a Balance of System (BOS) package and is estimated to reduce CO₂ emissions by approximately 0.80 million tonnes upon commissioning, thereby contributing to a more sustainable future. The South African order is the second‑largest utility‑scale BESS project undertaken by SWREL, reinforcing the company’s reputation for expertise and dedication. Both orders were awarded to new and repeat customers, respectively, highlighting the industry’s unwavering trust in SWREL’s project execution capabilities.

Other green energy stocks were also active in early trade on Tuesday, September 22. At 09:42 AM, Vikram Solar shares were up 0.46% at ₹164.50, Adani Green Energy was up 0.39% at ₹1,308.70, and Adani Energy Solutions was up 0.24% at ₹1,401. NTPC Green Energy shares traded 1.14% higher at ₹92.30, while Premier Energies fell 1.26% at ₹908.30. These movements reflect broader market sentiment towards renewable energy equities.

A recent Colliers report highlighted the rapid expansion of renewable energy generation over the past decade, driven by technological advancements, supportive policy frameworks, declining costs of solar and wind power, and global commitments to reduce greenhouse gas emissions. Between 2000 and 2015, major economies experienced a consistent rise in carbon emissions, largely due to increased power requirements and heavy dependence on conventional energy sources. Global emissions grew at an average rate of 1% annually, rising from over 35 billion tonnes in 2015 to 38.6 billion tonnes in 2024.

Colliers India’s May 2026 report estimates solar project costs in India to range between ₹3–₹4 crore per MW, while onshore wind projects require about ₹8–₹9 crore per MW. With rapid advancements in domestic manufacturing, India is expected to achieve the 2030 target of 500 GW of renewable energy capacity, with solar projects alone potentially reaching 400–450 GW. The report projects that around $110–120 billion of investments could flow into the renewable energy sector in the next four to five years, signalling robust growth prospects for the industry.