NTPC REL Achieves Full Commercial Operation of 150 MW Gujarat Solar PV Project

NTPC Renewable Energy Limited (NTPC REL) a wholly owned subsidiary of NTPC Green Energy Limited has successfully declared the commercial operation of the final 60 MW capacity of its 150 MW Gujarat Solar PV Project, marking the full commissioning of the project in Limbdi, Gujarat. 

Limbdi, Gujarat

This solar venture was awarded under the GUVNL 500 MW Solar (Phase XII) tender.

The last segment of 60 MW commenced commercial operation on April 16, 2025. This follows the earlier commissioning of the first 60 MW on July 29, 2024, and the second 30 MW on December 11, 2024.

With this milestone, the entire 150 MW capacity of the Gujarat Solar PV Project is now operational, reinforcing NTPC REL’s commitment to advancing India’s renewable energy goals and supporting the nation’s clean energy transition.

ONGC NTPC Green Completes 100% Acquisition of Ayana Renewable Power

ONGC NTPC Green Private Limited (ONGPL), a 50:50 Joint Venture Company of NTPC Green Energy Limited and ONGC Green Limited, has completed the acquisition of 100% equity stake in Ayana Renewable Power Private Limited on 27th March 2025.

Ayana, a leading renewable energy platform, has capacity of approx. 4112 MW (2123 MW of operational and 1989 MW under-construction assets), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.

With this acquisition, the total operating capacity of #NTPCGreen Energy Limited reaches 5.9 GW, including its subsidiaries & JVs, as on date.

Ayana's assets are strategically located in resource-rich states and backed by high-credit-rated offtakers like SECI, NTPC, and Indian Railways, enhancing ONGC NTPC Green's market presence. 

Ayana's portfolio of 4,112 MW, including operational and under-construction assets, significantly boosts ONGC NTPC Green's renewable energy capacity. 

The acquisition aligns with NTPC Green's goal of reaching 60 GW of renewable energy capacity by 2032. 

NTPC Renewable Energy Wins 300MW Solar Project in NHPC’s Tender

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has emerged as a successful bidder in the e-reverse auction conducted by NHPC Limited. The tender aimed at the “Selection of Solar Power Developers for Setting up of 1200 MW (1.2 GW) ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/1200MWh Energy Storage Systems (ESS) on an anywhere-in-India basis under Tariff Based Competitive Bidding with Green Shoe Option.”

NTPC REL secured a capacity of 300MW at a tariff of ₹3.09/kWh. In line with the Request for Selection (RFS) conditions, the project will include the establishment of an Energy Storage System (ESS) with a capacity of 150MW/300MWh, ensuring enhanced reliability and efficiency of the solar power generation.

The auction was concluded on 23rd January 2025, and NTPC REL is now awaiting the issuance of the Letter of Award (LOA) from NHPC Limited.

NTPC's Renewable Energy Arm Files for ~ ₹ 10,000 Crore IPO

NTPC Green Energy Ltd (NGEL), the renewable energy arm of NTPC, has filed draft papers for an initial public offering (IPO) to raise approximately $1.2 billion (around Rs 10,000 crore). The proceeds from this IPO will be used to repay loans and for general corporate purposes.

This move aligns with India's broader push towards expanding its renewable energy capacity, aiming to add at least 500 GW of clean energy by 2030. NTPC Green Energy currently has 3.3 GW of installed capacity and plans to significantly increase this in the coming years.

NGEL has partnered with Suzlon to develop India’s largest wind energy project, which will power approximately three million homes. This project involves the installation of 370 wind turbine generators in Gujarat. 

NGEL also has multiple solar power projects across India, contributing significantly to the country’s renewable energy capacity. Apart from solar and wind, NGEL is also investing in the production of green hydrogen and green methanol, which are cleaner fuels manufactured using renewable energy.

The company is also exploring advanced energy storage solutions to enhance the reliability and efficiency of renewable energy. NGEL is working on converting waste into energy, further diversifying its renewable energy portfolio.

These projects are part of NGEL’s broader strategy to achieve 60 GW of renewable energy capacity by 2032.

Essentially, NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC’s green energy journey to achieve the ambitious target of 60 GW .