NTPC Renewable Energy Launches 110.25 MW Solar Project and Secures PPA for 1 GW

NTPC Renewable Energy Ltd (NREL) has successfully commissioned 110.25 MW of solar capacity in Khavda, Gujarat. This marks the first phase of NREL’s ambitious 1,255 MW Khavda-I Solar PV Project, contributing significantly to the company’s renewable energy expansion in the region.

NTPC Renewable Energy Khavda-I Solar PV Project: 110.25 MW Commissioned

NTPC Renewable Energy Ltd (NREL), a wholly owned subsidiary of NTPC Green Energy Ltd, has successfully commissioned a 110.25 MW segment of its expansive 1,255 MW Khavda-I Solar PV Project located in Gujarat. This development marks a significant milestone in India's renewable energy sector, contributing to the nation's clean energy goals. 

1 GW Power Purchase Agreement with UPPCL

In a notable advancement, NREL has secured a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) for a 1 GW solar project. The interstate transmission system (ISTS) connected solar PV capacity was awarded to NREL in UPPCL’s 2 GW solar auction at a tariff of ₹2.56 per kWh. This agreement enables NREL to establish PV projects across India, provided they are connected to the ISTS.

Read More: NTPC Renewable Energy Secures 1000 MW Solar PPA at ₹2.56/kWh! 

NTPC Green Energy Share Price Performance  

Over the past week, NTPC Green Energy share price has experienced a decline of 2.47%. Extending to the 1-month performance, the share price of NTPC Green Energy is up by 10.94%. 

Company Profile: NTPC Green Energy Ltd

NTPC Green Energy Ltd, incorporated in 2022, is engaged in developing, owning, and operating a diversified portfolio of renewable energy power plants across India. The company's portfolio encompasses both solar and wind power assets, with a presence in multiple states. As of the latest data, NTPC Green Energy's portfolio consists of 16,896 MW, including 3,320 MW of operational projects and 13,576 MW of projects under development.

Conclusion

NTPC Renewable Energy's commissioning of a 110.25 MW solar capacity in Gujarat and the securing of a 1 GW PPA with UPPCL underscore its commitment to expanding India's renewable energy landscape. These developments not only enhance the company's operational portfolio but also contribute significantly to the nation's sustainable energy objectives.

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