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Private Sector | Multi State - India | PID: 203655
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NTPC is set to ramp up its investments in the green energy sector, targeting Rs five trillion by 2030. This plan is being spearheaded by its renewable energy subsidiary, NTPC Green Energy (NGEL), which is set to launch a Rs 10,000 crore initial public offering (IPO). The funds will support the company’s expansive projects in renewable power generation, green hydrogen, sustainable fuels, and energy storage.
NTPC aims to add 60 GW of renewable energy capacity by 2032, with a primary focus on solar power, making up around 90 percent of the total capacity. This expansion will require an investment of Rs 3.25 trillion. The remaining funds will be for green hydrogen, battery storage, pump storage projects (PSPs), and other green molecules.
As part of its renewable energy push, NGEL is pursuing large-scale hybrid solar-wind parks, such as the seven GW park in Khavda, Gujarat. It has also entered into joint ventures with Rajasthan and Maharashtra for 45 GW of renewable energy projects and is negotiating similar ventures in Andhra Pradesh, Odisha, and Chhattisgarh. In addition to renewable energy generation, NTPC is making substantial inroads into green hydrogen, green ammonia, sustainable aviation fuel, green methanol, ethanol, and energy storage.
A green hydrogen hub in Pudimadaka, Andhra Pradesh would be set up, with operations expected to begin within three years, representing an investment of Rs 1.85 trillion. The company is also pioneering a seawater-to-green hydrogen project in Visakhapatnam through its research and development arm, NETRA, which will help drive the low-cost production of hydrogen. By strengthening its green energy initiatives, NTPC is positioning itself to lead in India's transition to a more sustainable energy future.
| Updated on: 19 - Nov - 2024
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