NTPC Green Energy Starts Final 100 MW Operations at Bhainsara Solar Project

NTPC Green Energy Ltd. (NGEL) has announced the commercial operation of the final 100 MW phase of its 320 MW Bhainsara Solar PV Project located in Jaisalmer, Rajasthan. The company received a certificate from the Rajasthan Renewable Energy Corporation Limited (RRECL) on March 25, 2025, confirming the start of operations, effective from March 20, 2025.

As of 12:43 PM on March 26, NTPC Green Energy share price was trading at ₹100.20, down ₹0.05 (0.05%) for the day, but up 7.71% over the past month and down 17.63% over the past six months. The company’s market capitalisation stood at ₹84,389.69 crore.

Project Timeline and Breakdown

The Bhainsara Solar PV Project was developed in 3 parts:

• The first phase of 160 MW began operations on August 28, 2024.
• The second phase of 60 MW was commissioned on January 7, 2025.
• The third and final phase, now operational, adds 100 MW.

With the completion of all 3 phases, the total commissioned capacity of the Bhainsara project stands at 320 MW.

Group-Wide Capacity Update

Following the commercial operation of the final phase, NTPC Group’s total installed and commercial capacity has reached 77,561.50 MW.

About NTPC Green Energy

NTPC Green Energy Ltd. is a subsidiary of NTPC Renewable Energy Ltd., itself a step-down subsidiary of NTPC Ltd. The Bhainsara project was awarded under the SECI Raj-Tranche-III tender.

NTPC Green Energy reported a net profit of ₹65.61 crore in Q3 FY25, marking an 18% increase from the ₹55.61 crore profit in the same quarter last year.

• Total income rose to ₹581.46 crore, compared to ₹463.46 crore in Q3 FY24.
• Expenses were reported at ₹482.22 crore, up from ₹383.28 crore.

Conclusion

The Bhainsara Solar PV Project is now fully operational with all 3 phases commissioned. NTPC Green Energy continues to add to the NTPC Group’s overall renewable energy portfolio.

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