India-headquartered NTPC Green Energy is focused on expanding its solar capacity as part of its ambitious renewable energy plans. Currently, the company operates with 3,220 MW of installed capacity and aims to increase this to 19,000 MW by March 2027, with 90% of the new capacity focused on solar projects. The company plans to invest up to INR 1 lakh crore (~$118.45 billion) by FY27, utilizing funds from an upcoming INR 10,000 crore (~$11.84 billion) IPO scheduled for November 19-22. NTPC Green has 11,000 MW of projects under development, primarily solar, with an estimated cost of Rs 5 crore (~$0.592 million) per MW. Additionally, a green hydrogen facility is planned on a 1,200-acre site near Visakhapatnam, contributing to its broader solar and sustainability goals.
NTPC Green eyes IPO to fuel solar, wind push to 19 GW by 2027
NTPC Green Energy ramps up solar capacity, aiming for 19 GW by 2027 with major investments in solar projects and green hydrogen initiatives. (Image Credit/Source: TomFisk/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)
The ITC investigation focuses on alleged violations of Trinasolar’s Tunnel Oxide Passivated Contact (TOPCon) solar cell technology patents. (Image Source: Trinasolar)
CTP’s RCF includes KPIs for solar PV roll-out, Green Leases, and “A” grade EPC certifications. (Image Source: AI Generated)