Evren, an Indian renewable energy platform launched by Brookfield in partnership with Axis Energy, has signed a 300 MW Power Purchase Agreement (PPA) with NTPC, a government-owned power company. This agreement is focused on delivering reliable and scheduled renewable energy.
The project will involve setting up around 1 GW of total capacity using a mix of solar, wind and battery storage. The goal is to supply 300 MW of Firm and Dispatchable Renewable Energy (FDRE), which ensures steady energy delivery even during peak usage hours.
By combining different renewable sources with energy storage, the project will help electricity distributors manage demand more effectively. It also supports them in fulfilling their renewable energy usage targets and storage requirements.
Evren’s CEO, Suman Kumar, stated that this agreement is a key achievement for the company. He highlighted their ongoing investment in strong resources like approved connections and land with detailed data, which will help deliver large-scale clean energy solutions and support India’s transition to renewable energy.
As of April 22, 2025, at 11:10 AM, NTPC share price is trading at ₹363.65 per share, reflecting a decline of 0.25% from the previous day’s closing price. Over the past month, the stock has declined by 0.90%. The stock’s 52-week high stands at ₹448.45 per share, while its low is ₹292.80 per share.
The partnership between Evren and NTPC marks a key advancement in India’s journey towards sustainable energy. By blending different renewable sources with advanced storage solutions, the project is set to improve energy reliability and help meet green energy targets, showing a promising future for India’s power sector.
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Published on: Apr 22, 2025, 1:25 PM IST
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