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
Planning an INR 1 lakh Cr investment in renewables by FY27, NTPC Green Energy will launch an INR 10,000 crore IPO to enhance PV and wind projects. More details here.
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