New and renewable energy is reshaping the way the world produces, consumes, and invests in power. Unlike fossil fuels, these sources—solar, wind, hydro, geothermal, biomass, and emerging green hydrogen—offer sustainable, low-carbon solutions. This article explores the landscape of new and renewable energy, covering company details, their product portfolios, market trends, and key data tables. It also answers common questions, providing a practical and evidence-based overview for students, investors, policymakers, and businesses.
Table of Contents
- Understanding New and Renewable Energy
- New and Renewable Energy Products: Types & Applications
- Top 10 Profitable Global Companies in New and Renewable Energy (Data Table 1)
- Company Profiles & Their Products (10 Leaders)
- Top New and Renewable Energy Companies in India (Data Table 2)
- Technology-wise Product Segments (Data Table 3)
- Capacity and Market Share Overview (Data Table 4)
- Emerging Market Trends & Profit Drivers
- Summary & Conclusion
- Frequently Asked Questions (15+)
- References
1. Understanding New and Renewable Energy
New and renewable energy refers to energy resources that are constantly replenished by nature and supported by innovative technologies. They include solar, wind, biomass, small hydro, tidal, geothermal, and advanced storage. The word “new” emphasizes evolving technologies—like green hydrogen, offshore wind, and next-generation battery systems—while “renewable” stresses sustainability and zero depletion of natural resources.
2. New and Renewable Energy Products: Types & Applications
- Solar Energy Products: PV modules, rooftop systems, utility-scale solar farms, floating solar.
- Wind Energy Products: Onshore/offshore wind turbines, towers, rotor systems, maintenance services.
- Hydropower Systems: Small hydro plants, pumped storage units.
- Biomass & Bioenergy: Briquettes, bio-CNG, biogas plants.
- Geothermal Products: Heat pumps, geothermal wells.
- Green Hydrogen & Electrolyzers: Equipment for hydrogen production, storage, and usage.
- Energy Storage Products: Lithium-ion battery systems, flow batteries, containerized storage.
- Hybrid & Smart Systems: Microgrids, hybrid renewable-plus-storage setups, smart inverters.
Applications: Household electrification, industrial energy use, EV charging, power-to-X fuels, and rural development programs.
3. Top 10 Profitable Global Companies in New and Renewable Energy
| Rank | Company | HQ Country | Core Products | Commercial Significance |
| 1 | NextEra Energy | USA | Solar, wind, batteries, PPAs | Largest U.S. renewables utility; high project pipeline. |
| 2 | Iberdrola | Spain | Wind, solar, storage, grids | Diversified renewables + regulated networks. |
| 3 | Enel Green Power | Italy | Solar, wind, geothermal, storage | Global developer; integrated services. |
| 4 | Ørsted | Denmark | Offshore wind, solar, storage | Offshore wind pioneer with global reach. |
| 5 | Vestas | Denmark | Wind turbines, service contracts | Largest turbine manufacturer. |
| 6 | Siemens Gamesa | Germany/Spain | Wind turbines, services | Strong offshore turbine portfolio. |
| 7 | GE Vernova | USA | Wind, hydro, grid tech | Large OEM + grid solutions. |
| 8 | First Solar | USA | Thin-film solar panels | Leading global PV manufacturer. |
| 9 | Brookfield Renewable | Canada | Hydro, solar, wind, storage | Major global asset owner. |
| 10 | TotalEnergies | France | Solar, offshore wind | Diversified energy giant pivoting to renewables. |
4. Company Profiles & Their Products (Concise)
(Profiles adapted from previous draft, updated to emphasize new and renewable energy products.)
- NextEra Energy – Utility-scale solar, wind, batteries, smart energy services.
- Iberdrola – Smart grids, wind farms, green hydrogen pilots.
- Enel Green Power – Large solar, geothermal systems, energy-as-a-service.
- Orsted – Offshore wind turbines, storage hybrids.
- Vestas – Advanced wind turbines, digital service platforms.
- Siemens Gamesa – Turbine solutions, blade recycling initiatives.
- GE Vernova – Wind, hydro, smart grid software.
- First Solar – PV panels optimized for large farms.
- Brookfield Renewable – Hydro stations, solar parks, storage.
- TotalEnergies – Industrial solar, offshore wind, EV charging synergy.
5. Top New and Renewable Energy Companies in India
| Rank | Company | Core Products | FY 2024-25 Revenue (₹ crore) | PAT / Net Profit (₹ crore) |
| 1 | Adani Green Energy | Solar & wind farms, storage | 12,422 | 2,001 |
| 2 | Suzlon Energy | Wind turbines, services | 10,851 | 2,072 |
| 3 | Tata Power Renewables | Solar, wind, hybrid solutions | 61,542 | 4,280 |
| 4 | KP Group (KPI/KP Energy) | Solar, EPC, hybrid projects | 3,415 | 514 |
| 5 | Waaree Renewables | Solar EPC, rooftop solutions | 876 | 148 |
| 6 | ReNew Energy | Solar, wind, storage | 9,653 | ~61 (Q4 FY24) |
| 7 | NTPC Green Energy Ltd | Solar parks, floating solar | 5,000+ (approx) | NA (subsidiary) |
| 8 | Azure Power | Utility solar, rooftop | 1,600+ | NA |
| 9 | SJVN (Renewable Arm) | Hydro, solar, wind | 9,000+ | 1,300+ |
| 10 | Greenko Group | Integrated renewable + storage | Private | NA |
6. Technology-wise Product Segments
| Technology | Key Indian Companies | Core Products | Market Trend |
| Solar PV | Adani Green, Tata Power, Waaree | Rooftop panels, utility PV, EPC | Fastest growth, low LCOE |
| Wind | Suzlon, Inox Wind | Turbines, towers | Revival with govt auctions |
| Hydro | SJVN, NHPC | Small hydro, pumped storage | Stable, long-term |
| Biomass | Husk Power, Thermax | Biogas, biomass plants | Rural electrification |
| Green Hydrogen | NTPC, Reliance, Adani | Electrolyzers, hydrogen hubs | Pilot projects scaling |
| Storage | ReNew, Greenko | Battery farms, pumped hydro | Critical for grid balance |
7. Capacity and Market Share Overview
| Source | Installed Capacity India (GW, 2024) | % Share of Renewables | Notes |
| Solar | ~81 GW | ~54% of renewables | Strongest contributor |
| Wind | ~45 GW | ~30% | Concentrated in 8 states |
| Biomass + Small Hydro | ~12 GW | ~8% | Steady but smaller scale |
| Large Hydro | ~47 GW | (counted separately by MNRE) | Major role in base load |
| Total Renewable (ex-hydro) | ~150+ GW | ~40% of total installed power capacity | India targets 500 GW by 2030 |
8. Emerging Market Trends & Profit Drivers
- Hybrid Projects (wind + solar + storage) ensure round-the-clock supply.
- Green Hydrogen gaining attention as a decarbonization fuel.
- Government Incentives: PLI schemes, tax benefits, RECs.
- Corporate PPAs: Growing demand from MNCs to meet ESG targets.
- Technology Innovation: Floating solar, recyclable blades, bifacial panels.
9. Summary & Conclusion
New and renewable energy is no longer optional—it is the backbone of a sustainable global economy. Profits arise from scale, diversification, and long-term power contracts. For India, the combination of strong government support and corporate investment is rapidly pushing solar, wind, and green hydrogen to the forefront. Globally, leaders like NextEra, Iberdrola, and Ørsted show that innovation plus financial discipline equals profitable green growth. The future belongs to businesses, policymakers, and consumers who align with this energy revolution.
10. Frequently Asked Questions (15+)
- What is new and renewable energy?
It includes solar, wind, hydro, biomass, and new technologies like hydrogen and storage. - Why is it called “new”?
Because it includes emerging technologies beyond traditional renewables (like solar/wind). - Is solar considered new and renewable energy?
Yes, solar PV is one of the most widely used forms. - What is India’s target for new and renewable energy?
500 GW of renewable capacity by 2030. - What are common renewable products?
Solar panels, wind turbines, batteries, green hydrogen electrolyzers. - Can renewable energy be profitable?
Yes—companies like Adani Green and Suzlon post multi-thousand crore profits. - What role does storage play?
It stabilizes grids, supports renewables, and enables 24×7 clean power. - Are renewable products affordable for households?
Rooftop solar and solar water heaters are now cost-effective. - What is green hydrogen’s future?
It is expected to power heavy industries and mobility sectors. - Which sector uses the most renewables in India?
Power generation, but industry and EVs are rising. - Are there risks in investing?
Policy changes and supply chain delays are risks, but demand is strong. - What is the difference between renewable and non-renewable?
Renewables replenish naturally; fossil fuels are finite and polluting. - Do renewable companies export products?
Yes—India exports turbines, solar modules, EPC services. - What are PPAs?
Power Purchase Agreements secure long-term revenue for projects. - What is the lifespan of renewable products?
Solar: ~25 years; wind turbines: 20–30 years; batteries: 10–15 years. - Can small businesses benefit?
Yes, via rooftop solar, green energy certificates, and subsidies. - What is hybrid renewable energy?
Combining multiple renewables (e.g., solar + wind) with storage.
11. References
- Ministry of New and Renewable Energy (MNRE) reports – India capacity data.
- Adani Green Energy financial results FY 24–25 (Moneycontrol, NDTV).
- Suzlon Energy FY 25 results (Suzlon official).
- Tata Power FY 24 results (PV Magazine India).
- KP Group financial results (Energetica India).
- Waaree Renewables FY 24 performance (PV Magazine India).
- ReNew Energy financials (Business Line).
- Global company profiles: NextEra, Iberdrola, Enel, Orsted, Vestas, Siemens Gamesa, First Solar, Brookfield, TotalEnergies.
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