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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, 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.
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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.
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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.
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 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.
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