NTPC May Take Up Its Renewable Portfolio To 30 GW Soon

NTPC May Take Up Its Renewable Portfolio To 30 GW Soon

India’s power behemoth, NTPC Limited is now all set to achieve 30 GW of renewable capacity in the next few years. As per the top management of the company the company currently has a total renewable portfolio of 3.6 GW. However the current pace of works goes on, the Indian Central Public Sector Enterprise (CPSE) is set to reach the number.

The information was recently shared by the top management at a recent investors call, meant to discuss the annual and quarterly financial results of the company. 

“The NTPC group is deeply committed to advancing Renewable Energy initiatives. As of now, we have successfully commissioned 3.6 GW of Renewable Energy projects. Currently, an additional 8.4 GW of Renewable Energy projects are in various stages of construction. Moreover, we have 11.2 GW of Renewable Energy Projects under tendering process, further 6.6 GW Equivalent land with connectivity tenders are under process, and a substantial 4.8 GW Equivalent Land Bank is at our disposal already,” the NTPC management said as per the investors call transcript of NTPC filed before BSE. 

However NTPC said that it also aimed to increase its thermal capacities. The NTPC management said that it has planned to award thermal capacities of 15.2 GW in near future. In the recent few years, NTPC, which was known to be India’s powerhouse for thermal power generation mainly through coal has shifted towards generation of renewables too. NTPC is credited to develop one of India’s largest single site floating solar park at Ramagundam in Telangana. 

It is now also spearheading the growth of other emerging renewable technologies like Green Hydrogen, Offshore Wind and others. With a dedicated green energy subsidiary-NTPC Green Energy Limited (NGEL), the growth of renewables is evident now. The management also cited some of the partnerships of NGEL for boosting the growth of Green Hydrogen and Green Ammonia. 

“NTPC Green Energy Limited (NGEL) has signed MOUs with Gujarat State Petroleum Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL). The MOU with GSPC focuses on blending Green Hydrogen into its gas networks and establishing Green Hydrogen fuelling stations in Gujarat. The MOU with GPPL aims to develop a Green Hydrogen ecosystem, including producing Green Ammonia on GPPL land for export and domestic markets. Additionally, it seeks to explore Pipavav Port as a base for offshore wind farm operations in Gujarat,” the management said.

NTPC also said that NGEL signed an MOU with the Government of Maharashtra to develop up to 1 million metric tonnes per year of green hydrogen and its derivatives (Green Ammonia, Green Methanol), 2 GW of Pump Hydro Projects, and up to 5 GW of renewable energy projects with or without storage. This MOU, part of Maharashtra’s Green Investment Plan for the next five years, envisions a potential investment of approximately ₹80,000 crore.