NTPC Green Energy Ltd, a wholly owned subsidiary of NTPC Ltd, continues to reinforce its leadership in the green energy segment through significant developments in solar power and sustainable fuels. From securing large-scale solar projects to forging strategic partnerships in clean fuel innovation, the company is steadily aligning with India’s decarbonisation agenda.
NTPC Green Energy Ltd has won a 1,000 MW capacity in Uttar Pradesh Power Corporation Limited (UPPCL)’s solar photovoltaic (PV) power project auction. The company signed a Power Purchase Agreement (PPA) at a discovered tariff of ₹2.56 per kWh on Wednesday, 4 June.
In a move to diversify its green fuel offerings, NTPC Green Energy this week partnered with Honeywell Automation India to explore Sustainable Aviation Fuel (SAF) production in India. SAF, derived from non-petroleum feedstocks, plays a crucial role in reducing emissions in the aviation sector. The companies plan to deploy Honeywell’s eFining technology to produce SAF from carbon dioxide (CO₂) captured at NTPC power plants and green hydrogen. The initiative will support NTPC’s efforts to blend SAF with conventional jet fuels, thereby enhancing its low-carbon energy portfolio.
In its fourth-quarter results, NTPC Green Energy reported a threefold increase in net profit to ₹233 crore, compared to ₹81 crore in the same period last year. Revenue for the quarter rose by 22.5% to ₹622.3 crore, up from ₹508 crore in 2024.
The company reiterated its long-term vision for clean energy, aiming to achieve 40 GW of renewable capacity by FY 2032. This will contribute to a total renewable portfolio of 60 GW. Additionally, NTPC Green Energy plans to commission 14 GW of pumped hydro storage capacity within the next 6 to 9 years, further supporting grid stability and energy storage.
As of June 05, 2025, at 12:26 PM, NTPC Green Energy share price is trading at ₹109.54 per share, reflecting a surge of 1.51% from the previous closing price. Over the past month, it has surged by 8.26%.
Read More: NTPC, NTPC Green Announces Mega Investment of ₹96,000 Crore for Major Energy Projects in Chhattisgarh!
NTPC Green Energy Ltd’s recent solar project win, strategic collaboration for SAF production, and robust financial performance underscore its commitment to renewable growth. With ambitious targets and strong execution, the company remains a key player in India’s transition towards a sustainable energy future.
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Published on: Jun 5, 2025, 1:53 PM IST
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