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SevenIndianCleanEnergyStocks|AlternativeEnergyStocks

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SevenIndianCleanEnergyStocks
bySnehaShah
WhyInvestinIndianGreenEnergy
Indiaissettobecomethe3rdlargestmarketforwindenergyafterUSAandChinaand
issettoenterthetop10clubofcountriesininstallingsolarenergycapacityin2012.
Massivepowerdeficits,millionsofpeoplewithoutpower,billionsofdollarsinoil,gasand
coalimportsimplythatIndiaoffersmassiveopportunitiesforrenewableenergy
generation.InfactIndiansolarenergyrepresentsoneofthebiggestenergy
opportunitiesinthe21stcentury.TheIndiangovernmenttargetof20GWby2022
willbebeatenbyahugemargininourview.
RockyPresent,SunnyFuture
HowevertheperformanceofpubliclylistedgreenstocksinIndiahasbeenquite
abysmalinlinewithwhatwehaveseeninthepastfewyearswithglobalcleantech
stocks.Thesolarandwindstockshavebeenbatteredbytheglobaloversupplyinsolar
panelsandwindturbinesrespectively.SomeofthesolarcompanieslikeMoserBaer
havegoneintorestructuringofbadloanswhileothercompaniesareoperatingat10
20%utilization.

RajaRaviVarma'sportraitof
theHindugoddessof
wealth,Lakshmi,

HoweveronegoodareaofinvestingintheIndianrenewableenergystoryisthrough
greenfocusedutilitieslikeGreenko,OrientGreenPoweretc.MostInvestmentbanks
.viaWikimedia
andbigPrivateEquityfirmshavealreadycommittedhundredsofmillionsofdollars
investinginrenewableenergyfocusedpowergenerationfirms.Largerprivatelyowned Commons
electricityutilitiesinIndiaarealsoinvestingheavilyintogreenpowergenerationto
meettheRenewablePurchaseObligations(RPO)whichmandatesthat15%oftheelectricitygenerationby2020
shouldcomefromcleanenergysources.InSummarywhilethepastfewyearshavenotbeenthebestforthegreen
sectorinIndia,thefuturelooksverypromisingindeed.ReadwhyPrivateEquityfirmsareinvestingmillionsinIndia's
windenergyindustry
SomeofthetoppubliclylistedGreenStocksinIndia
1)SuzlonEnergy(NSE:SUZLON)SuzlonEnergyisonethebiggestwindenergycompaniesintheworldandthe
posterchildofIndia'sgreenstory.Thecompanyboastedofamarketvaluationupwardsof$10billionatitspeak.
HoweveroverzealousexpansionandexpensiveacquisitionsofEuropeanwindplayerslikeRepowerhasleftitwithan
unsustainabledebtburden.ReadmoreabouttheSuzlonDeathSpiral.
2)MoserBaer(NSE:MOSERBAER)MoserBaerwhichusedtomainlydealinopticalmediamadeastrongexpansion
intoallpartsofsolarenergymanufacturingsuchaspolysilicon,solarthinfilmandcrystallinesiliconpanels.However
theglobalsolarpanelgluthassentthecompanyintodebtrestructuring.Thecompanynowmainlyoperatesinthe
solarsystemandintegrationpartofthesolarvaluechain.ReadmoreabouthardtimesbeingfacedbyIndiansolar
companies.
3)TataPower(NSE:TATAPOWER)Notstrictlyagreencompany,TataPoweristhebiggestprivateutilityinIndia.It
recentlyacquiredtheTataBPSolarJVafterBPexitedthesolarpanelbusiness.Thecompanyhashugeplansinwind,
solarandgeothermalenergy.IthasalsoinvestedinageothermalenergyprojectinIndonesia.
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4)OrientGreenPower(NSE:GREENPOWER)OrientGreenPowerisoneofthebiggestgreenfocusedutility
companiesinIndiafocusedmainlyonwindandbiomasspowergeneration.Thecompany'soperationshaverecently
turnedaroundanditisnowshowingaconsistentprofit.AtitsrecentstockpriceofRs1011,itrepresentsagood
investingopportunityatitscurrentvalue.ReadmoreaboutisOrientGreenPowerturningaround?
5)Greenko(LSE:GKO)AnotherbiggreenutilityinIndiawitharound200MWofElectricityCapacity
predominantlyinsmallhydroandbiomassplants,itislistedLondonsAIMExchangeandhasatopnotch
managementteam.Itsrecentperformancehasbeenquitegoodanditisexpandingrapidlyacquiringsmallhydro
plantsinIndia.
6)Lanco(NSE:LANCOIN)TheCompanythroughitssubsidiaryLancoSolarhasaggressivelyexpandedintothe
crystallinesiliconsolarpanelsystemrightfrommanufacturingtoinstallation.Howevertherecenttravailsof
infrastructurecompaniesinIndiahasseenLancomakingalosswhichhasimpactedthegrowthofitssolarsubsidiary
aswell.
7)WelspunEnergy(NSE:WELCORP)WelspunEnergyisapartoftheWelspunconglomerate.Ithasexpanded
rapidlyintosolarandwindenergyinstallationinthelastcoupleofyearstobecomeoneofthetopgreendevelopers
inIndia.
Summary
TherearealsoalargenumberofsmallerprivatecompaniesinIndiaoperatinginthegreenenergyspace.Thereare
alsoanumberofbiggerindustrialcompaniessuchasThermax,PrajIndustries,JainIrrigationwhichderiverevenues
fromgreenindustrythoughcontributiontooverallrevenuesisquitesmall.InvestinginthegreenspaceinIndiais
noteasybutoffershandsomerewardstothosethatmaketherightcallsgiventhemassivegrowththatisgoingto
happen.
SnehaShahistheeditorofGreenworldinvestor.com,ablogaboutGlobalGreenIndustryandRenewableEnergy
Industry,focusingonSolarEnergy,WindEnergy,EnergyStorage,Efficiencyetc.

SevenIndianCleanEnergyStockswaspostedonAltEnergyStocks.com.

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PostedbyGuestContributoronNovember25,201210:14AM|SevenIndianCleanEnergyStocks

Comments

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Totalnewinvestmentsinrenewableenergy(notconsideringlargehydropowerandsolarhotwater)stoodat$257
billionintheyear2011asperaU.N.report.Thiswasariseof17percentovertheinvestmentsin2010whichsaw
$220billionpourintotheclean&greenenergysector.AccordingtoaWorldwatchreport,Indiacommandedthe
steepestinvestmentgrowthrateforanysinglecountryoverthe2010figures.
Postedby:Rakeshs

|November30,201201:39AM

ThePhotoofthegodessisactuallysaraswatnotLakshmi
Postedby:SanjayKatara

|December9,201204:43PM

Sanjay,
Ididsomeresearch,andIdon'tthinkyou'recorrect.Lakshmi'smountistheelephantortheowl,andanelephantis
shownprominentlyinthebackground.Sarawati'smountistheswan,hansabird,orpeacock.It'sabitconfusing
sincetherearetwoswansshowninthispictureaswell,butsincethisoneisontheWikipediapageforLakshmi,and
theelephantismuchmoreprominentthantheswans(andfacingforward,whiletheswansarefacingaway,)Ithink
I'llstickwithit.Bothgoddessesareoftenpicturedonlotusflowersandwith4arms.
Postedby:TomKonrad

|December9,201207:03PM

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