NTPC Green Energy, the renewable energy arm of India’s largest power producer NTPC, is set to invest up to Rs 1 lakh crore in solar and wind energy projects by FY27, as part of its expansion strategy. The company’s chairman and managing director, Gurdeep Singh, revealed on Wednesday that approximately 20% of the total investment will come from equity, requiring around Rs 20,000 crore in internal funding, with Rs 10,000 crore to be raised through an initial public offering (IPO).
Singh explained that the remaining capital will be secured through internal accruals, highlighting the company’s strong credit rating, which enables it to secure debt at favorable rates compared to competitors.
Currently, NTPC Green Energy has an installed capacity of 3,220 MW, and it aims to expand this to 6,000 MW by March 2025, 11,000 MW by March 2026, and 19,000 MW by March 2027. Of the total capacity, 90% will be solar, requiring an investment of Rs 5 crore per MW, with the remaining capacity from wind energy projects, which need Rs 8 crore per MW.
The company’s IPO, set for November 19-22, will offer fresh shares worth up to Rs 10,000 crore, priced between Rs 102 and Rs 108 per share. Investors will need to apply for a minimum of 138 shares, with subsequent applications in multiples of 138.
NTPC, which has invested Rs 7,500 crore in NTPC Green Energy since its inception, is aiming for a company valuation of Rs 1 lakh crore. In addition to expanding its renewable energy generation capacity, NTPC Green Energy is exploring opportunities in green hydrogen, pumped storage power, and energy storage, with plans already underway for a green hydrogen complex in Vishakhapatnam.
The company is also in discussions with several states, including Tamil Nadu, Andhra Pradesh, Chhattisgarh, and Odisha, for pumped storage power projects, while also considering acquisitions of stressed assets. Singh emphasized that sustainability remains at the heart of NTPC Green Energy’s growth strategy, positioning the company to outperform competitors in the renewable energy sector, such as Renew and Adani Green Energy.
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Ltd, is a pioneering entity in India’s renewable energy sector. Established with the vision of spearheading NTPC Group’s green energy initiatives, NGEL is dedicated to the development, management, and expansion of renewable energy projects across the country
