Wind energy related stocks have been on a tear ever since Q4FY23. Here's why?

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1. In March 2023, Government announced it will invite bids for 8 GW of wind power projects every year from 2023 to 2030, so companies with capability will gain from these tenders.

2. Suzlon is the leader with 50% share of installed capacity. Last week, Suzlon became first Indian wind energy company to reach 20 GW of global Wind Energy installations. Its net debt has reduced by 90% in last year and management has guided becoming net debt free soon.

Last 1 month returns of Wind Energy stocks:

- Suzlon Energy: 80%
- Inox Wind Energy: 67%
- KPI Green Energy: 24%
- Orient Green Power: 22%

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