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NTPC Green Energy has signed an MoU with Bihar’s Department of Industries to develop renewable energy projects, including solar installations and green hydrogen initiatives. This partnership highlights Bihar's focus on sustainable growth and energy solutions./p>
NTPC Green Energy Ltd (NGEL), the renewable energy arm of NTPC Ltd, signed a Memorandum of Understanding (MoU) with the Bihar Government’s Department of Industries during the Bihar Business Connect 2024 Global Investors’ Summit in Patna on 20 December 2024. This collaboration aims to promote renewable energy initiatives, including ground-mounted solar systems, floating solar plants, battery energy storage solutions, and green hydrogen mobility projects.
Also read: NHPC to Invest ₹5,500 Crore in Bihar for Solar, Green Hydrogen
Renewable Energy Expansion: Focus on solar, battery storage, and green hydrogen mobility.
State Support: Bihar Government to facilitate approvals and clearances.
Existing Capacity: NTPC Green Energy’s operational renewable capacity totals 3,320 MW as of September 2024.
Market Impact: NTPC Green Energy share price reflects investor interest in renewable developments.
Also read: Piramal Enterprises Approves ₹2,000 Crore Fundraising Plan
The MoU outlines a strategic plan to enhance Bihar’s renewable energy infrastructure. NTPC Green Energy will focus on:
Ground-Mounted Solar Installations: Large-scale solar energy production.
Floating Solar Projects: Efficient utilisation of water bodies for clean energy.
Battery Energy Storage Systems: Stable power supply with advanced storage technology.
Green Hydrogen Mobility: Sustainable transportation solutions.
The Bihar Government will ensure the smooth execution of these projects by providing necessary permissions and approvals.
Metric | Data |
Operational Solar Capacity | 3,220 MW |
Operational Wind Capacity | 100 MW |
Contracted & Awarded Projects | 13,576 MW |
Capacity Under Pipeline | 9,175 MW |
This extensive portfolio underlines NTPC Green Energy’s leadership in the renewable energy sector, with operations spanning over six states.
Despite the recent announcement, the NTPC Green Energy share price ended at ₹132.05 on the BSE, down 2.04% from the previous close. The partnership with Bihar is expected to positively influence market sentiments over time as renewable energy projects gain traction.
The collaboration between NTPC Green Energy and the Bihar Government highlights India’s growing commitment to sustainable energy. By leveraging Bihar’s resources and NTPC Green’s expertise, the partnership sets a precedent for renewable energy adoption in the region.
Also read: NSE to Exclude 16 Securities from F&O Contracts by Feb 28
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