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NTPC targets Rs 5 trillion investment in green energy by 2030

India, News

NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL).  To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032, with solar power accounting for…

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NTPC and ONGC establish JV for renewable energy projects

India, News

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL).  The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including greenfield developments and acquisitions of existing assets, with a particular…

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Hyundai unveils Initium hydrogen SUV concept

India, News

Marking nearly 30 years of fuel-cell electric vehicle (FCEV) innovation, Hyundai has introduced the Initium concept, an SUV embodying its “Art of Steel” design language. With a targeted range of 400 miles (644 km) and a 201 hp electric motor, the Initium represents Hyundai’s continued commitment to hydrogen as a clean energy source. The Initium will debut at Auto Guangzhou in China and the Los Angeles auto show, featuring a large-capacity hydrogen tank and aerodynamic…

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Cadiz and RIC Energy to develop green hydrogen facility in California

Global, News

Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres of Cadiz Ranch land. At…

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OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

Global, News

Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

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NTPC Green signs MoU with Rajasthan for 25 GW RE project

India, News

NTPC Green Energy (NGEL), a subsidiary of NTPC Ltd, has signed a memorandum of understanding (MoU) with the Rajasthan government for a 25 GW renewable energy project.  The MoU was signed on 30 September 2024 during the Rising Rajasthan Investor Meet in Delhi, in the presence of Rajasthan Chief Minister Bhajanlal Sharma. Senior officials from both the Government of Rajasthan and NGEL also attended the event.

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NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects

India, News

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.

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NTPC Green Energy files for Rs 100 billion IPO

India, News

NTPC Green Energy Limited (NGEL) has submitted draft documents for an initial public offering (IPO) valued at Rs 100 billion. The IPO will consist solely of new shares, with no existing shareholders selling their stakes. NGEL aims to capitalize on the growing interest in renewable energy and the strong performance of the stock market, using the proceeds to accelerate its green energy projects.

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NTPC and RVUNL sign JV to develop 25 GW renewable projects in Rajasthan

India, News

NTPC Green Energy Limited (NGEL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have established a joint venture (JV) to develop 25 GW of renewable energy projects and 1 million metric tonnes per annum (MMTPA) of green hydrogen and its derivatives in Rajasthan. The Chief Minister of Rajasthan recently dedicated 160 MW of a 320 MW solar power project in Bhainsara to the nation. In September 2024, NGEL awarded Suzlon Group a 1,166 MW wind…

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Power Sustainable completes phase one investment in Desert Quartzite Solar+Storage Project

Global, News

Power Sustainable Energy Infrastructure (PSEI), a division of Power Sustainable, has completed the first phase of its strategic investment in the Desert Quartzite Solar+Storage Project in Riverside County, California. This investment grants PSEI a 50% ownership stake in the project, which is currently under construction. The Desert Quartzite Solar+Storage Project is a collaboration with Potentia Renewables, PSEI’s integrated developer and operator, and it marks PSEI’s expansion into the California utility-scale market. The project is designed…