NTPC targets Rs 5 trillion investment in green energy by 2030

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 90% of this target. 

This capacity expansion will require an estimated Rs 3.25 trillion, with additional investments allocated for green hydrogen, battery storage, pumped storage projects, and other green molecules.

NGEL is spearheading large-scale hybrid solar-wind parks, including a seven GW park in Khavda, Gujarat, and has partnered with Rajasthan and Maharashtra for 45 GW of renewable projects. Similar collaborations are being pursued in Andhra Pradesh, Odisha, and Chhattisgarh. 

NTPC’s green energy portfolio also extends to green hydrogen, green ammonia, sustainable aviation fuel, green methanol, ethanol, and advanced energy storage solutions.

Among its key projects, NTPC is setting up a green hydrogen hub in Pudimadaka, Andhra Pradesh, expected to commence operations within three years at an investment of Rs 1.85 trillion. Additionally, a seawater-to-green hydrogen project in Visakhapatnam, driven by NTPC’s R&D division, NETRA, is expected to lower hydrogen production costs significantly.

By focusing on renewable energy and green innovations, NTPC is positioning itself as a leader in India’s transition toward a sustainable energy future.