NTPC inks MoU with Rajasthan for 10 GW renewable energy park

State-owned power producer NTPC Group has set a target of 60 GW in renewable energy capacity by 2032. As a step towards achieving this target, its subsidiary NTPC Renewable Energy Ltd (NTPC REL) has signed memorandum of understanding with the Government of Rajasthan developing a 10 GW ultra mega renewable energy park in Rajasthan. In less than two years since its inception, NTPC REL has won 4 GW renewable energy capacity by bidding in various tenders, which is under different stages of implementation. Additionally, NTPC REL is developing one UMREPP of 4.75 GW capacity in Rann of Kutch, Gujarat and NTPC REL has entered into a joint venture agreement with DVC for developing RE Parks and Projects. Also Read: Rising solar cell and module costs pressure developersBids called for 54 MW solar projects in Gujarat