NTPC Green Energy and MAHAPREIT Join Hands for 10 GW Renewable Energy Project

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has officially announced the incorporation of a new joint venture company named NTPC-MAHAPREIT Green Energy Limited to develop a massive 10 GW Renewable Energy Parks. This entity, incorporated on 8th April 2025, marks a strategic partnership between NGEL and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). NGEL holds a 74% stake, while MAHAPREIT holds the remaining 26%. The primary objective of this venture is to focus on the development, operation, and maintenance of renewable energy parks and projects across India, especially in Maharashtra.

This initiative is a noteworthy development in India’s clean energy landscape, symbolising collaboration between major public sector undertakings to scale green infrastructure. The incorporation received requisite approvals from key governmental bodies, including the Ministry of Power, DIPAM, and NITI Aayog.

Second Phase of Dayapar Wind Energy Project Commissioned

NTPC Renewable Energy Limited, a fully owned subsidiary of NTPC Green Energy Limited (NGEL), has formally declared the commercial operation of the second phase of its 150 MW Dayapar Wind Energy Project. With this, an additional capacity of 90 MW has been successfully commissioned and became operational from 00:00 hours on 9th April 2025. The project is part of a larger 450 MW Hybrid Project located in Dayapar, Bhuj, Gujarat.

This milestone follows the earlier commissioning of the first 50 MW segment, which was declared commercially operational on 4th November 2023. The achievement highlights NTPC’s ongoing commitment to expanding India’s renewable energy portfolio and strengthening its sustainable power infrastructure.

A Major Boost to India’s Hybrid Energy Infrastructure

The Dayapar Wind Energy Project is a key component of NTPC’s broader strategy to integrate diverse renewable energy sources, particularly under hybrid project structures. The 450 MW Hybrid Project combines both solar and wind resources to ensure efficient and reliable power generation.

By commissioning this second phase of wind capacity, NTPC Green Energy Limited enhances the total operational capacity under the hybrid model, optimising grid stability and contributing towards national renewable energy targets. The successful rollout also reflects the organisation’s technical capabilities and focus on timely execution.

NTPC Green Share Performance 

As of April 09, 2025, at 2:30 PM, NTPC Green share price is trading at ₹95.49 per share, reflecting a decline of 0.96% from the previous day’s closing price

Conclusion

The commercial launch of the 90 MW wind capacity marks a significant achievement for NTPC Renewable Energy Limited and reinforces NTPC Green Energy’s role in India’s transition to sustainable energy. With the full 150 MW now operational at Dayapar, the company continues to play a vital role in driving hybrid renewable solutions across the country.

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