Based on the historical Data, NTPC has a comprehensive renewable energy expansion strategy with the ambitious goal of achieving **60 GW of renewable capacity by 2032. This strategy involves several key components and focuses heavily on its subsidiary, NTPC Green Energy Limited (NGEL). Here is an outline of NTPC's renewable energy expansion strategy:
1. Overarching Goal and Leadership:
To be a leader in India's renewable energy sector and accelerate the nation's energy transition.
Achieve 60 GW of renewable capacity by 2032.
Consolidating its renewable energy portfolio under its wholly-owned subsidiary, NTPC Green Energy Limited (NGEL). NGEL is positioned as a key player in this expansion.
2. Key Entities and Subsidiaries:
NTPC Green Energy Limited (NGEL):The primary vehicle for NTPC's renewable energy expansion. Most future capacity additions are expected to come from NGEL.
NTPC Renewable Energy Limited (NTPC REL): A subsidiary of NGEL actively involved in securing and developing renewable energy projects, including solar and wind.
THDC India Limited and NEEPCO: Subsidiaries also contributing to the group's renewable energy capacity.
3. Capacity Addition Targets:
Significant ramp-up of renewable capacity: NGEL expects to reach around 3,088 MW in FY25, approximately 5 GW in FY26, and tentatively 8 GW in FY27.
Under-construction capacity:As of December 2024, the NTPC Group had 10.3 GW of renewable energy capacity under construction.
Ultra Mega Renewable Energy Power Parks (UMREPPs): Developing large-scale renewable energy parks in collaboration with state governments and other companies. Examples include parks in Gujarat (4.8 GW), DVC (0.7 GW), and Madhya Pradesh (0.6 GW) in advanced stages, with MOUs signed for over 50 GW capacity.
Focus on various renewable sources: A diverse portfolio including large-scale solar, floating solar, wind projects, and small hydro.
4. Methods and Approaches:
Organic Growth:Developing projects independently and through its subsidiaries.
Joint Ventures: Forming strategic partnerships with state power generation companies like Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the development of renewable energy parks and green hydrogen projects (up to 25 GW capacity in Rajasthan) and with UPRVUNL in Uttar Pradesh.
Memorandums of Understanding (MOUs): Collaborating with state governments for investments in renewable energy projects, including solar, battery storage, and green hydrogen. Examples include MOUs with the Governments of Andhra Pradesh, Bihar, and Chhattisgarh.
Participating in Auctions and Tenders: Actively securing projects through competitive bidding, such as the solar power auctions by Uttar Pradesh Power Corporation Limited (UPPCL) and SECI won by NTPC REL. NTPC is also a Renewable Energy Implementing Agency (REIA) and issues tenders for renewable power projects.
Outsourcing: Utilizing outsourcing models for parallel capacity addition, with over 5 GW of solar capacity established and more under execution and tendering.
5. Focus Areas and Technologies:
Solar Energy: Significant focus on solar power, including ground-mounted and floating solar projects. NTPC already has the largest portfolio of floating solar projects.
Wind Energy: Developing wind power projects, including the first wind farm commissioned by NTPC REL. Actively participating in tenders for offshore wind projects and pursuing collaborations with global partners.
Energy Storage: Actively pursuing various forms of energy storage solutions, including Battery Energy Storage Systems (BESS) and Pumped Hydro Projects, to ensure optimal utilization of variable renewable energy. NGEL has issued tenders for significant energy storage capacity.
Green Hydrogen: Exploring and investing in green hydrogen production and related applications like green mobility and green chemicals. Development of Green Hydrogen Hubs is underway.
Renewable Energy Round-The-Clock (RE-RTC) Power: Entering into agreements with Commercial and Industrial (C&I) customers for the supply of RE-RTC power.
6. Supporting Initiatives:
Land Banking: NTPC REL has established a land bank with ISTS connectivity for future renewable energy projects.
Technological Advancements: Investing in and adopting new technologies to enhance efficiency and reduce costs in renewable energy generation.
Sustainability Focus: The renewable energy expansion is a key part of NTPC's broader sustainability strategy, "The Brighter Plan 2032".
Through these multifaceted strategies, NTPC aims to significantly increase its renewable energy footprint and contribute substantially to India's clean energy goals by 2032.
1. Overarching Goal and Leadership:
To be a leader in India's renewable energy sector and accelerate the nation's energy transition.
Achieve 60 GW of renewable capacity by 2032.
Consolidating its renewable energy portfolio under its wholly-owned subsidiary, NTPC Green Energy Limited (NGEL). NGEL is positioned as a key player in this expansion.
2. Key Entities and Subsidiaries:
NTPC Green Energy Limited (NGEL):The primary vehicle for NTPC's renewable energy expansion. Most future capacity additions are expected to come from NGEL.
NTPC Renewable Energy Limited (NTPC REL): A subsidiary of NGEL actively involved in securing and developing renewable energy projects, including solar and wind.
THDC India Limited and NEEPCO: Subsidiaries also contributing to the group's renewable energy capacity.
3. Capacity Addition Targets:
Significant ramp-up of renewable capacity: NGEL expects to reach around 3,088 MW in FY25, approximately 5 GW in FY26, and tentatively 8 GW in FY27.
Under-construction capacity:As of December 2024, the NTPC Group had 10.3 GW of renewable energy capacity under construction.
Ultra Mega Renewable Energy Power Parks (UMREPPs): Developing large-scale renewable energy parks in collaboration with state governments and other companies. Examples include parks in Gujarat (4.8 GW), DVC (0.7 GW), and Madhya Pradesh (0.6 GW) in advanced stages, with MOUs signed for over 50 GW capacity.
Focus on various renewable sources: A diverse portfolio including large-scale solar, floating solar, wind projects, and small hydro.
4. Methods and Approaches:
Organic Growth:Developing projects independently and through its subsidiaries.
Joint Ventures: Forming strategic partnerships with state power generation companies like Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the development of renewable energy parks and green hydrogen projects (up to 25 GW capacity in Rajasthan) and with UPRVUNL in Uttar Pradesh.
Memorandums of Understanding (MOUs): Collaborating with state governments for investments in renewable energy projects, including solar, battery storage, and green hydrogen. Examples include MOUs with the Governments of Andhra Pradesh, Bihar, and Chhattisgarh.
Participating in Auctions and Tenders: Actively securing projects through competitive bidding, such as the solar power auctions by Uttar Pradesh Power Corporation Limited (UPPCL) and SECI won by NTPC REL. NTPC is also a Renewable Energy Implementing Agency (REIA) and issues tenders for renewable power projects.
Outsourcing: Utilizing outsourcing models for parallel capacity addition, with over 5 GW of solar capacity established and more under execution and tendering.
5. Focus Areas and Technologies:
Solar Energy: Significant focus on solar power, including ground-mounted and floating solar projects. NTPC already has the largest portfolio of floating solar projects.
Wind Energy: Developing wind power projects, including the first wind farm commissioned by NTPC REL. Actively participating in tenders for offshore wind projects and pursuing collaborations with global partners.
Energy Storage: Actively pursuing various forms of energy storage solutions, including Battery Energy Storage Systems (BESS) and Pumped Hydro Projects, to ensure optimal utilization of variable renewable energy. NGEL has issued tenders for significant energy storage capacity.
Green Hydrogen: Exploring and investing in green hydrogen production and related applications like green mobility and green chemicals. Development of Green Hydrogen Hubs is underway.
Renewable Energy Round-The-Clock (RE-RTC) Power: Entering into agreements with Commercial and Industrial (C&I) customers for the supply of RE-RTC power.
6. Supporting Initiatives:
Land Banking: NTPC REL has established a land bank with ISTS connectivity for future renewable energy projects.
Technological Advancements: Investing in and adopting new technologies to enhance efficiency and reduce costs in renewable energy generation.
Sustainability Focus: The renewable energy expansion is a key part of NTPC's broader sustainability strategy, "The Brighter Plan 2032".
Through these multifaceted strategies, NTPC aims to significantly increase its renewable energy footprint and contribute substantially to India's clean energy goals by 2032.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.