Renewable Energy News
NTPC Renewable Energy (NTPC-REL), green energy arm of the state-run power giant, is planning to set up 1.5 gigawatt (GW) of renewable energy capacity this year of which, largely will be for solar energy, its Chief Executive Officer, Mohit Bhargava told us in an exclusive interaction.
He added that NTPC-REL is targeting about Rs 10,000 crore capital expenditure for this year. Thie amount would include ongoing, under-construction projects, and also pipeline projects for next year. This capex is at the NTPC Renewables level, and not NTPC REL alone.
About 150 MW megawatt (MW) will be for wind projects which will be a part of hybrid projects only.
On the subsidiary’s solar project timeline for the coming years, Bhargava said that out of their overall target of 60 GW capacity, at present, NTPC-REL is working on a pipeline of 20 GW of renewable energy projects.
Of this, 3.3 GW is operational, over 7 GW is under-construction, and the company plans to place orders for the balance 10 GW also in the next 10-12 months. They are aiming that by 2026, a large part of this should be operational.
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About NTPC Renewable Energy Ltd. –
Formed on 7th October 2020 NTPC Renewable Energy Ltd. (NTPCREL) is a wholly owned subsidiary of the NTPC Limited (India’s largest Power Utility). NTPCREL has been formed with an objective to accelerate the Renewable Energy growth of the Company and increase the green footprint across country, Offshores and overseas.
NTPCREL is taking up large Solar, Wind and Hybrid Projects all over the country and developing Gigawatt scale Renewable Energy Parks and Projects in different states under UMREPP (Ultra Mega Renewable Energy Power Park) scheme of Government of India. In addition to this Green Hydrogen based Mobility and ESG projects are also being pursued.