NTPC Green Energy Ltd., a subsidiary of NTPC Ltd., is positioning itself as a significant player in India’s renewable energy landscape, with plans to raise ₹10,000 crore via an IPO to support its ambitious growth plans.
Key Business Operations
- Renewable Energy Portfolio: The company has a strong presence in solar, wind, and hybrid projects and is also exploring green hydrogen and energy storage technologies. With an operational capacity of 3,100 MW in solar and 100 MW in wind, NTPC Green Energy is building a diversified renewable portfolio across multiple states, including Rajasthan and Gujarat, to manage geographic variability in energy generation.
- Upcoming Projects: NTPC Green Energy has partnered with 15 offtakes for 37 solar and 9 wind projects, contributing to its existing installed capacity of 3,000 MW. Furthermore, 30 projects are under construction in seven states, adding 12,000 MW in contracted and awarded capacity.
Strategic Initiatives and Expansion
- Green Hydrogen & Energy Storage: The company is actively investing in green hydrogen and battery storage solutions to ensure consistent renewable energy delivery. Projects include:
- Developing a green hydrogen hub in Pudimadaka.
- Establishing partnerships for electrolyzers to produce green hydrogen.
- Grid-scale battery storage for Firm and Dispatchable Renewable Energy (FDRE) and Round-the-Clock (RTC) projects to maintain stability in energy supply.
- Participating in DISCOM tenders for standalone grid-scale battery storage systems.
- Renewable Energy Park in Maharashtra: Planning up to 10 GW of capacity, including solar, wind, and hybrid projects.
- Rajasthan Partnership: In collaboration with Rajasthan Rajya Vidyut Utpadan Nigam Limited, NTPC Green Energy aims to develop up to 25 GW in renewable energy projects, with plans for green hydrogen and derivatives like green ammonia and methanol.
Long-Term Vision
NTPC Green Energy has set ambitious targets, with a goal of reaching 60 GW of renewable capacity by FY 2032. Currently, it has 3.5 GW of installed capacity and 28 GW under development, reinforcing its commitment to boosting India’s renewable energy infrastructure. The funds from the IPO will likely be allocated toward these expansion plans, helping NTPC Green Energy solidify its position in the industry and contribute significantly to India’s green energy goals.
Disclaimer-
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