NTPC's Green Ambition: Scaling Up Green Energy Investments in India
Key Ideas
- NTPC plans to increase green energy investments to ₹5 trillion by 2030, focusing on renewable power generation, green hydrogen, and other green molecules.
- NTPC Green Energy Ltd (NGEL) is set to launch a ₹10,000 crore IPO, attracting strong interest from investors, with a significant portion allocated for anchor investors.
- The company aims to add 60GW of renewable energy projects by 2032, expand joint ventures with states like Rajasthan and Maharashtra, and collaborate on green hydrogen projects.
- NTPC is also venturing into the green molecule space, with plans for a green hydrogen hub in Andhra Pradesh and setting up a seawater-to-green hydrogen plant near Visakhapatnam.
India's largest power generation utility, NTPC, is gearing up to significantly boost its investments in the green energy sector. The company plans to increase its investments to ₹5 trillion by 2030, up from the previous target of ₹1 trillion by FY27. These investments will be channeled through NTPC Green Energy Ltd (NGEL), focusing on various areas including renewable power generation, green hydrogen, green ammonia, and energy storage. NGEL is set to launch a ₹10,000 crore IPO, which has garnered substantial interest from investors, especially anchor investors.
NTPC's ambitious goal includes adding 60GW of renewable energy projects by 2032 and expanding its presence in joint ventures with states like Rajasthan and Maharashtra. The company is also exploring partnerships with other states for renewable energy projects, particularly in the floating solar space. NTPC is not only concentrating on renewable energy generation but also venturing into the green molecule space, with initiatives in green hydrogen, green ammonia, and more.
In line with its green energy vision, NTPC is laying the foundation stone for a green hydrogen hub in Andhra Pradesh and collaborating with ONGC for setting up renewable energy projects. Additionally, the company is working on a seawater-to-green hydrogen plant and focusing on sustainable ways of hydrogen production to address water scarcity challenges. NTPC's efforts in the green energy sector are part of a larger trend in India, with significant investments pouring into renewable energy. Adani group and Reliance Industries Ltd are among the key players making substantial investments in solar, wind, and other green energy projects. The surge in investments and FDI in the non-conventional energy sector highlights the growing global interest in India's green energy initiatives, positioning the country as a key player in the sustainable energy landscape.
Topics
Aviation
Renewable Energy
Sustainability
Investment
Green Initiatives
Energy Projects
FDI
IPO
Joint Ventures
Latest News