NTPC unit wins green ammonia bid, adds 75 MW solar capacity
Author: PPD Team Date: August 6, 2025
Author: PPD Team Date: August 6, 2025
NTPC Green Energy Limited has reported two updates through regulatory disclosures. Its subsidiary secured a green ammonia supply contract, while a group firm brought 75 MW of solar power online.
NTPC Renewable Energy Limited (NREL) won a tender for 70,000 metric tonnes of green ammonia per year in an e-reverse auction held by the Solar Energy Corporation of India (SECI) on August 4, 2025. The bid was awarded at Rs. 51.80 per kg. The ammonia will be supplied to Krishana Phoschem Limited, located in Meghnagar, Madhya Pradesh. The auction was part of SECI’s broader plan to procure 7.24 lakh metric tonnes annually across 13 sites.
In a separate update, IRCON Renewable Power Limited (IRPL), a joint venture that includes a subsidiary of NGEL, has commissioned 75 MW of solar capacity. This forms part of a 500 MW project. Commercial operations for the newly added capacity will begin on August 6, 2025. Following this addition, NTPC’s total installed capacity now stands at 82,977 MW.
The announcements were made in line with SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Author: PPD Team Date: May 15, 2025 Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead arrangers, issuing banks, and hedging providers. BNP Paribas also took on the role…
Author: PPD Team Date: January 24, 2025 Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in localising solar module manufacturing in the United States, supporting job creation and reducing dependence on imported solar products. The Texas plant will produce high-quality photovoltaic modules to meet the…
Author: PPD Team Date: May 27, 2025 The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities…
Author: PPD Team Date: May 28, 2025 Greenko Energies Private Limited (GEPL) is expected to commission the 1,680 MW Pinnapuram Hydro Electric Power Project by September 2025. The project forms part of the broader Pinnapuram Integrated Renewable Energy Project (IREP) being developed in Kurnool district, Andhra Pradesh. The Pinnapuram IREP combines solar, wind, and pumped hydro energy storage in a single integrated system. With an investment of Rs 54.68 billion, it is designed to deliver…
Author: PPD Team Date: November 4, 2024 UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half. This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind…
Author: PPD Team Date: November 29, 2024 Swedish clean technology company Hexicon has secured approval from the South Korean Electricity Regulatory Commission (KOREC) for the transfer of two of three electricity business licenses (EBLs) for the 1.1 GW MunmuBaram floating offshore wind project. This approval fulfils a key condition for finalizing the sale and purchase agreement (SPA) signed in February 2024 with Shell Overseas Investments, enabling Hexicon to acquire full ownership of the project. The…