NTPC Green Energy sets price range for $1.2 billion IPO

14 Nov 2024 CW Team

NTPC Green Energy announced a price range of Rs 102 to 108 per share for its upcoming Rs 100 billion initial public offering (IPO).

The renewable energy company’s IPO will open for bids on November 19 and close on November 22, with large "anchor" investors scheduled to bid on November 18.

This IPO, a unit of the state-owned NTPC, is set to be the third-largest stock offering in the country this year, following those of Hyundai Motor India and Swiggy.

Recent technological advancements have opened up possibilities for small wind turbines to function effectively in urban settings. Ministry of New and Renewable Energy, MNRE, Center for Study of Science, Technology and Policy, CSTEP, New Delhi, renewable energy solution, India. The Ministry of New and Renewable Energy (MNRE), in partnership with the Center for Study of Science, Technology and Policy (CSTEP), recently hosted a stakeholder consultation workshop in New Delhi. The event aimed to examine the potential of small wind turbines as a renewable energy solution for India, signalling the government’s commitment to expanding renewable energy sources for widespread clean energy access.

Wind energy has traditionally been applied in rural and hilly regions, but its use in urban areas has been limited due to challenges like low wind speeds and turbulence. However, recent technological advancements have opened up possibilities for small wind turbines to function effectively in urban settings, including on rooftops.

MNRE Joint Secretary Lalit Bohra stated that distributed renewable energy systems are essential for providing reliable, sustainable, and clean energy access in India. He acknowledged the strides made with solar energy and emphasized the need to make small wind turbines commercially and technically feasible, adding that MNRE is collaborating with CSTEP to evaluate the current situation and outline future steps.

Saptak Ghosh, Senior Policy Specialist at CSTEP, described the workshop as an initial effort to gather data on the viability of small wind turbines for affordable electricity in remote areas, noting the potential these turbines have to support decentralized energy access.

Industry representatives at the workshop expressed concerns, including the lack of comprehensive data, the need for certification and standardisation, and the importance of financial instruments and policy support to foster growth in this sector. Dr Jami Hossain, Honorary Vice President and Technical Chair of the World Wind Energy Association, stressed the need for a dedicated wind map for small wind turbines in urban environments. He called on MNRE to adopt a multifaceted approach, engaging organizations like the National Institute of Wind Energy to create relevant testing and certification frameworks.

Gajjala Suryaprakash from Archimedes Green Energy Private Limited noted that the small wind turbine market is projected to reach $38.5 billion by 2028.

NTPC Green Energy announced a price range of Rs 102 to 108 per share for its upcoming Rs 100 billion initial public offering (IPO). The renewable energy company’s IPO will open for bids on November 19 and close on November 22, with large anchor investors scheduled to bid on November 18. This IPO, a unit of the state-owned NTPC, is set to be the third-largest stock offering in the country this year, following those of Hyundai Motor India and Swiggy. Recent technological advancements have opened up possibilities for small wind turbines to function effectively in urban settings. Ministry of New and Renewable Energy, MNRE, Center for Study of Science, Technology and Policy, CSTEP, New Delhi, renewable energy solution, India. The Ministry of New and Renewable Energy (MNRE), in partnership with the Center for Study of Science, Technology and Policy (CSTEP), recently hosted a stakeholder consultation workshop in New Delhi. The event aimed to examine the potential of small wind turbines as a renewable energy solution for India, signalling the government’s commitment to expanding renewable energy sources for widespread clean energy access. Wind energy has traditionally been applied in rural and hilly regions, but its use in urban areas has been limited due to challenges like low wind speeds and turbulence. However, recent technological advancements have opened up possibilities for small wind turbines to function effectively in urban settings, including on rooftops. MNRE Joint Secretary Lalit Bohra stated that distributed renewable energy systems are essential for providing reliable, sustainable, and clean energy access in India. He acknowledged the strides made with solar energy and emphasized the need to make small wind turbines commercially and technically feasible, adding that MNRE is collaborating with CSTEP to evaluate the current situation and outline future steps. Saptak Ghosh, Senior Policy Specialist at CSTEP, described the workshop as an initial effort to gather data on the viability of small wind turbines for affordable electricity in remote areas, noting the potential these turbines have to support decentralized energy access. Industry representatives at the workshop expressed concerns, including the lack of comprehensive data, the need for certification and standardisation, and the importance of financial instruments and policy support to foster growth in this sector. Dr Jami Hossain, Honorary Vice President and Technical Chair of the World Wind Energy Association, stressed the need for a dedicated wind map for small wind turbines in urban environments. He called on MNRE to adopt a multifaceted approach, engaging organizations like the National Institute of Wind Energy to create relevant testing and certification frameworks. Gajjala Suryaprakash from Archimedes Green Energy Private Limited noted that the small wind turbine market is projected to reach $38.5 billion by 2028.

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