NTPC REL and the Goa Government Collaborate to Develop 300 MW of Renewable Energy Projects

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a significant Memorandum of Understanding (MoU) with the Goa Energy Development Agency (GEDA). The agreement aims to facilitate the development of 300 MW or more renewable energy projects across Goa, either with or without energy storage, furthering India’s commitment to green energy expansion.

300 MW Green Energy Collaboration Formalised

The MoU was officially exchanged on 18 July 2025 between Sh. Gauresh Ashok Pilgaonkar, Managing Director of GEDA, and Sh. Pushpendra Tyagi, CFO of NTPC REL. The signing took place in the presence of the Hon’ble Chief Minister of Goa and other senior officials. This partnership signifies a concrete step towards meeting the state's sustainable energy objectives through central and state-level cooperation.

Supporting Goa’s Renewable Energy Mission

The projects planned under this agreement are expected to enhance Goa’s energy infrastructure with clean and sustainable alternatives. NTPC REL will utilise its technical capabilities and project execution experience to ensure timely implementation. The inclusion of optional energy storage in the scope offers flexibility to cater to the state’s evolving energy needs, particularly during peak demand and grid stability scenarios.

About NTPC REL and NGEL

NTPC REL functions as the renewable energy arm of NGEL, focusing on solar, wind, hybrid, and green hydrogen initiatives across India. NTPC Green Energy Limited, its parent, is a fully owned subsidiary of NTPC Limited and plays a central role in expanding India’s renewable energy portfolio. With ongoing partnerships like this MoU with GEDA, NTPC REL continues to extend its national footprint while contributing to India’s climate goals.

Also Read: Inox Wind Energy to Merge with Inox Wind Following NCLT Nod!

NTPC Green Energy Share Price Performance 

As of July 21, 2025, at 01:05 PM, NTPC Green Energy share price is trading at ₹110.12 per share, reflecting a decline of 0.49%. Over the past month ,the stock has gained approximately 1.58%

Conclusion

The collaboration between NTPC REL and GEDA marks a crucial milestone in Goa’s renewable energy roadmap. With 300 MW of projects on the horizon, this partnership will accelerate the transition to sustainable power in the state, bolstered by NTPC REL’s leadership in India’s clean energy transformation.

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