NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has announced ambitious plans to invest ₹5 trillion by 2030 to lead India’s clean energy transition.
The major initiative will be funded by a ₹10,000 crore initial public offering (IPO), enabling NGEL to advance projects in renewable power generation, green hydrogen, sustainable fuels, and energy storage.
Expanding Renewable Energy Capacity
By 2032, NTPC aims to add 60 gigawatts (GW) of renewable energy capacity, with solar power contributing 90% of the total.
This ambitious goal will require an estimated investment of ₹3.25 trillion. To achieve this, NGEL is focusing on large-scale hybrid solar-wind projects, including:
- A 7 GW solar-wind park
- Joint ventures in Rajasthan and Maharashtra with a combined capacity of 45 GW.
These projects will transform NTPC into a key player in India’s renewable energy landscape.
Advancing Green Hydrogen and Sustainable Fuels
NGEL is also making significant strides in green hydrogen, green ammonia, and sustainable aviation fuel.
Notably, it plans to establish a green hydrogen hub in Pudimadaka, Andhra Pradesh, requiring an investment of ₹1.85 trillion.
As reported by manufacturingtodayindia.com, in Visakhapatnam, NTPC’s research arm, NETRA, is working on a seawater-to-green hydrogen project to reduce production costs.
Commitment to a Sustainable Future
NTPC is positioning itself as a frontrunner in India’s shift to sustainable energy through these efforts. It has robust investment plans and innovative projects. These underline its commitment to cutting carbon emissions and boosting growth via clean energy. NTPC Green Energy will play a pivotal role in shaping India’s energy future with this initiative.
