NTPC Green Energy, preparing for its IPO, has announced a massive investment plan of up to ₹1 lakh crore in solar and wind projects by FY27. With targeted expansions to 19,000 MW, the company aims to secure ₹10,000 crore through the IPO, while leveraging strong internal resources and NTPC’s high credit rating to fund the remaining investment.
NTPC Green Energy, preparing for an IPO, has set an ambitious target to invest up to ₹1 lakh crore in solar and wind projects by FY27, as confirmed by Chairman and MD Gurdeep Singh. The investment strategy requires around 20% equity, translating to ₹20,000 crore from NTPC’s own resources. Singh stated that ₹10,000 crore will be raised through the forthcoming IPO, while the remaining capital will come from internal accruals.
Thanks to its affiliation with NTPC, India’s largest power producer, NTPC Green Energy has a strong credit rating, which allows it to access debt at competitive rates. The company currently operates 3,220 MW of renewable energy capacity and plans to increase this to 6,000 MW by March 2025, 11,000 MW by March 2026, and 19,000 MW by March 2027. Singh noted that 11,000 MW of projects are already underway at various stages of implementation.
The company aims for a portfolio where 90% of capacity is solar and the remaining 10% wind. Solar projects will require an investment of ₹5 crore per MW, while wind projects need ₹8 crore per MW. This allocation reflects a strategic focus on solar energy, aligning with NTPC Green Energy’s long-term vision of bolstering India’s renewable energy footprint.
Through these efforts, NTPC Green Energy is positioned to play a leading role in India’s transition toward sustainable energy, leveraging both strong financial backing and the country’s growing demand for renewables.
You must be logged in to post a comment.
Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.