Newsletter
NTPC Renewable Energy has partnered with the Gujarat government to develop large scale renewable energy projects. Shares of NTPC Green Energy gained on the back of this news.
What’s happening: under the MoU, the company will develop solar parks and projects with a cumulative capacity of 10 GW and wind projects with a capacity of 5 GW projects, aggregating to a total renewable capacity of 15 GW.
Right now, NTPC Renewable Energy is working on several clean power projects in Gujarat, four solar projects adding up to 2.36 GW, three wind projects totaling 354 MW, and one hybrid project of about 226 MW, all in different stages of development.
Why it matters: for NTPC, this partnership marks a big leap in expanding its green energy portfolio and reinforces its role as a key player in India’s clean energy transition.
For Gujarat, the deal brings major investment and strengthens its position as one of India’s leading renewable energy hubs, powered by the state’s rich solar and wind potential.
Big theme: wind and solar power are set to dominate the world’s energy mix by 2025, surpassing coal and gas in total capacity.
India has reached a major milestone in its energy transition, with 50% of its installed electricity capacity now coming from non-fossil fuel sources. Such large-scale initiatives bring India closer to its 500 GW clean energy target by 2030.
