NTPC likely to raise up to ₹3,000 crore for implementing renewables projects in the country

By March 2023, NTPC’s subsidiary NTPC Green Energy is projected to get a strategic investor, allowing it to finance up to 3,000 crore for the implementation of renewable energy projects across the nation. “For its subsidiary NTPC Green Energy, NTPC is currently on the lookout for a strategic investor.” Through this deal, which is anticipated to close by March 2023 or throughout current fiscal year, the corporation hopes to raise ₹2,000 to ₹3,000 crores, “as per a source.

According to the source, a number of pension funds, equity investors, and large companies have expressed interest in making investments in NTPC Green Energy Ltd. This fiscal year is the only one that the process of bringing a strategic investor for the subsidiary is anticipated to take place.

Given that NTPC wants to generate 60 GW of power from RE (Renewable Energy) sources by 2032—roughly 45% of its total power generation capacity—the corporation will need to spend more than Rs 2.5 lakh crore to meet this ambitious goal.

The NTPC now has 2,332 MW of installed renewable energy capacity. The NTPC Group (including joint ventures and subsidiaries) has a total installed power production capacity, including fossil fuel-based capacity, of 70,254 MW.

NTPC supplies one-fourth of the total electricity supply in the country.

The government has set the target of having 500 GW power generation capacity from clean sources like solar, wind and hydro plants by 2030.

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