NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has successfully won 1,000 MW solar power capacity in the Uttar Pradesh Power Corporation Limited (UPPCL) solar auction. The company signed a Power Purchase Agreement (PPA) at ₹2.56 per kWh, reinforcing its commitment to India’s renewable energy expansion.
🔴 Key Highlights:
- NTPC Green Energy’s renewable portfolio continues to grow, with a target of 40 GW by FY 2032.
- The company has also partnered with Honeywell Automation India to explore Sustainable Aviation Fuel (SAF) production, using carbon dioxide captured from NTPC power plants and green hydrogen.
- Q4 results show a threefold increase in net profit, reaching ₹233 crore, with quarterly revenue rising 22.5% to ₹622.3 crore.
📢 Strategic Impact:
- The solar project win strengthens NTPC’s position in India’s clean energy transition.
- The SAF initiative aims to reduce air transport emissions, expanding NTPC’s low-carbon energy solutions.
⚠️ Future Outlook:
- NTPC Green Energy is expected to commission 14 GW of pumped hydro capacity within the next six to nine years.
- Investors are closely watching NTPC’s stock performance, which has shown steady upward momentum in the renewable sector.
👉 What do you think of NTPC’s latest renewable energy push? Let us know in the comments!
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