NTPC Renewable Energy Ltd., a subsidiary of NTPC Green Energy Ltd., has successfully secured a 300 MW solar power project in an e-reverse auction held by NHPC Ltd. The project is part of a 1200 MW tender and includes an integrated 150 MW solar capacity along with a 300 MWh energy storage system. NTPC Renewable Energy has won the bid with a tariff of ₹3.09 per kWh, and is now awaiting the Letter of Award (LoA) from NHPC Ltd.
This tender was for the selection of solar power developers to set up 1200 MW of ISTS-connected solar power projects across India, along with a 600 MW/1200 MWh energy storage system, under a tariff-based competitive bidding process. Earlier this year, NTPC Renewable Energy also won a bid in the e-reverse auction conducted by Uttar Pradesh Power Corporation Ltd. (UPPCL) for a 2000 MW solar project.
On January 3, 2025, NTPC REL secured a 1000 MW capacity at a tariff of ₹2.56 per kWh in a similar competitive bidding process by UPPCL. The Letter of Award for that project is also awaited.
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, is a key player in driving India’s renewable energy transition. Focused on developing and managing green energy projects, NGEL plays a pivotal role in NTPC’s ambition to achieve 60 GW of renewable energy capacity by 2032.
The company is actively involved in the development of solar, wind, and hybrid energy projects, as well as green hydrogen and storage solutions. NGEL also collaborates with various stakeholders to promote sustainable energy solutions and contribute to India’s goal of achieving net-zero emissions by 2070. Through innovative technologies and a commitment to clean energy, NTPC Green Energy is fostering a greener and more sustainable future for the nation.
