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NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI

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Synopsis:

NTPC Green Energy, through its subsidiary, secured a 500 MW solar project and a 250 MW energy storage system in SECI’s auction. The company’s renewable capacity reached 3.5 GW, with significant expansion planned.

NTPC Green Energy news today

NTPC Green Energy, a subsidiary of NTPC Renewable Energy Ltd, has won a 500 MW solar power project in a competitive auction by the Solar Energy Corporation of India (SECI). As part of the project, the company will also set up a 250 MW/1000 MWh energy storage system. This development aligns with NTPC's long-term goal to achieve 60 GW of renewable energy capacity by FY32.

Also read: Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16

 

NTPC GREEN ENERGY LIMITED

Trade

148.481.83 (1.24 %)

Updated - 11 December 2024
154.40day high
DAY HIGH
147.28day low
DAY LOW
39282395
VOLUME (BSE)

Key Takeaways

  • Project Scope: 500 MW solar capacity and 250 MW/1000 MWh energy storage system.

  • Winning Tariff: ₹3.52 per kWh.

  • Target: Expand renewable energy portfolio to 60 GW by FY32.

  • Operational Capacity: 3.5 GW of installed solar and wind projects as of September 2024.

  • NTPC Green Energy Share Price: Closed at ₹146.65, up 1.31% on BSE.

Also read: HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP

Project Details

This project is part of SECI’s ISTS-connected Solar PV Power Projects tender, targeting 2,000 MW of solar capacity. NTPC Renewable Energy emerged as the winner in the e-reverse auction with a competitive tariff of ₹3.52 per kWh. The project’s energy storage system will ensure grid stability and maximise renewable energy utilisation, fulfilling the terms of SECI’s tender.

The project is expected to significantly contribute to NTPC’s renewable energy goals. With the inclusion of the energy storage system, the project will play a key role in addressing variability issues associated with solar power generation.

NTPC Green Energy’s Renewable Portfolio

Metric

Details

Installed Solar Capacity

3,220 MW

Installed Wind Capacity

100 MW

Contracted & Awarded Projects

13,576 MW

Capacity Under Development

9,175 MW

Average PPA Tenure

25 Years

The company’s diverse renewable portfolio spans six states, mitigating risks of location-specific variability. Its large contracted and pipeline projects position NTPC as a leading player in India’s clean energy sector.

NTPC Green Energy’s Strategic Goals

NTPC Green Energy aims to expand its renewable capacity to 60 GW by FY32. The company currently operates 3.5 GW of solar and wind projects, with 28 GW under development. This ambitious roadmap underscores its commitment to leading India’s clean energy transition.

NTPC Green Energy’s latest achievement reinforces its position as a leader in India’s renewable energy landscape. The successful bid not only accelerates its renewable energy targets but also strengthens its commitment to delivering sustainable power solutions. Investors are closely monitoring the NTPC Green Energy share price, reflecting growing confidence in its future growth.

Also read: Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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