NTPC Green Energy's ₹5 Trillion Investment to Drive India's Clean Energy Transition
Key Ideas
  • NTPC Green Energy Limited plans to invest ₹5 trillion by 2030 to lead India's clean energy transition, including projects in renewable power generation, green hydrogen, and energy storage.
  • By 2032, NTPC aims to add 60 GW of renewable energy capacity, with a focus on solar power accounting for 90% of the total, transforming NTPC into a key player in India's renewable energy sector.
  • NGEL is also advancing green hydrogen initiatives, with plans for a green hydrogen hub in Andhra Pradesh and R&D on a seawater-to-green hydrogen project in Visakhapatnam.
  • NTPC's commitment to sustainability is evident through its investment plans and innovative projects, aiming to reduce carbon emissions and drive growth through clean energy solutions.
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has unveiled an ambitious plan to invest ₹5 trillion by 2030 to spearhead India's transition towards clean energy. This significant initiative will be backed by a ₹10,000 crore IPO, enabling NGEL to drive projects in renewable power generation, green hydrogen, sustainable fuels, and energy storage. One of the focal points of this plan is to expand India's renewable energy capacity, with NTPC targeting to add 60 GW by 2032, predominantly through solar power projects. NGEL is concentrating on large-scale hybrid solar-wind ventures, including a substantial 7 GW solar-wind park and joint ventures in Rajasthan and Maharashtra totaling 45 GW. These efforts aim to position NTPC as a prominent player in India's renewable energy sector. Moreover, NGEL is actively progressing in the green hydrogen sector, with plans for a green hydrogen hub in Andhra Pradesh requiring a substantial investment. Noteworthy R&D work on a seawater-to-green hydrogen project in Visakhapatnam showcases the innovative approach towards sustainable energy solutions. NTPC's commitment to a sustainable future is evident in its investment strategies and projects, emphasizing the reduction of carbon emissions and promoting growth through clean energy. NTPC Green Energy Limited's pivotal role in shaping India's energy landscape underscores the company's dedication to driving the country towards a cleaner and more sustainable future.
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