+
NTPC plans 60 GW renewable capacity by 2032
POWER & RENEWABLE ENERGY

NTPC plans 60 GW renewable capacity by 2032

National Thermal Power Corporation (NTPC) told the media that the company plans to install 60 GW of renewable capacity by 2032. The company also plans to develop 10 GW ultra-mega renewable energy parks.

NTPC Renewables expects to develop 44 GW renewable energy capacity and 12 GW renewable capacity, including acquisition. NTPC has 1.15 GW of operational solar capacity and 3.5 GW in the pipeline till June 2021.

It reported revenues of Rs 260.39 billion in the first quarter (Q1) of FY22, a rise of 11%, as compared to Rs 234.53 billion in the same period last year.

In Q1 FY22, the net profit of the company was Rs 31.46 billion, a rise of 27% from Rs 24.7 billion in the same period last year.

The company said that nearly 4.49 GW of renewable energy capacity are in the tendering process. NTPC Renewables won the 325 MW solar capacity in the auction of Rewa Ultra Mega Solar Ltd and 450 MW solar projects in Shajapur Solar Park, MP.

In the previous month, the company invited an expression of interest (EOI) for setting up 1,000 MWh grid-connected battery storage systems in its power premises in India. It plans to develop a 4.75 GW solar park in the Rann of Kutch, Gujarat. The solar project is expected to be commissioned within five years from the date of the issue of the letter of award. The company has already applied for long-term access and connectivity for the first 500 MW. It has also informed the Central Transmission Utility to set up an inter-state transmission station substation up to Bhuj.

NTPC reported a reduction of 43% in SCPOE 3 emissions from 981,000 tonnes of carbon dioxide emissions in FY20 to 5,61,000 tonnes of carbon dioxide emissions in FY21. It aims to reduce its net energy intensity by 10% compared to the 2012 level by 2032.

Image Source


Also read: NTPC floats tender for India's first green hydrogen fueling station

Also read: NTPC invites EoIs from discoms to purchase electricity

National Thermal Power Corporation (NTPC) told the media that the company plans to install 60 GW of renewable capacity by 2032. The company also plans to develop 10 GW ultra-mega renewable energy parks. NTPC Renewables expects to develop 44 GW renewable energy capacity and 12 GW renewable capacity, including acquisition. NTPC has 1.15 GW of operational solar capacity and 3.5 GW in the pipeline till June 2021. It reported revenues of Rs 260.39 billion in the first quarter (Q1) of FY22, a rise of 11%, as compared to Rs 234.53 billion in the same period last year. In Q1 FY22, the net profit of the company was Rs 31.46 billion, a rise of 27% from Rs 24.7 billion in the same period last year. The company said that nearly 4.49 GW of renewable energy capacity are in the tendering process. NTPC Renewables won the 325 MW solar capacity in the auction of Rewa Ultra Mega Solar Ltd and 450 MW solar projects in Shajapur Solar Park, MP. In the previous month, the company invited an expression of interest (EOI) for setting up 1,000 MWh grid-connected battery storage systems in its power premises in India. It plans to develop a 4.75 GW solar park in the Rann of Kutch, Gujarat. The solar project is expected to be commissioned within five years from the date of the issue of the letter of award. The company has already applied for long-term access and connectivity for the first 500 MW. It has also informed the Central Transmission Utility to set up an inter-state transmission station substation up to Bhuj. NTPC reported a reduction of 43% in SCPOE 3 emissions from 981,000 tonnes of carbon dioxide emissions in FY20 to 5,61,000 tonnes of carbon dioxide emissions in FY21. It aims to reduce its net energy intensity by 10% compared to the 2012 level by 2032. Image Source Also read: NTPC floats tender for India's first green hydrogen fueling station Also read: NTPC invites EoIs from discoms to purchase electricity

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code