NTPC Green Shares in Focus: Expands with Major Renewable Projects

NTPC Green Energy Ltd, a subsidiary of the state-owned power giant NTPC, announced significant milestones in its renewable energy. On March 12, the company confirmed that its subsidiary, NTPC Renewable Energy Ltd, has successfully completed the second and final phase of the 105 MW Shajapur Solar Project in Madhya Pradesh. This achievement marks another step forward in India’s renewable energy transition.

Shajapur Solar Project Fully Operational

The 105 MW Shajapur Solar Project is now fully operational, with the final 50 MW capacity commissioned and commercial operations beginning at midnight on March 13, 2025. This follows the successful launch of the first phase of 55 MW on November 29, 2024. With both phases now active, the entire solar park is poised to contribute significantly to India’s renewable energy grid.

Joint Venture with Chhattisgarh Government

In addition to the progress at Shajapur, NTPC Green Energy Ltd. has signed a Joint Venture Agreement (JVA) with Chhattisgarh State Power Generation Company Limited (CSPGCL). This partnership will focus on developing renewable energy projects across Chhattisgarh, including solar, wind, and hybrid projects. The JVA also includes plans to identify potential sites for floating solar projects, aiming for a total renewable energy capacity of up to 2 GW.

Acquisition of Ayana Renewable Power

Another major development came on February 12, 2025, when ONGC NTPC Green Private Limited (ONGPL), a joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Ltd. (NGEL), finalized an agreement to acquire a 100% equity stake in Ayana Renewable Power Private Limited. The acquisition, valued at INR 195 billion (approximately USD 2.3 billion), is a significant step for ONGPL, marking its first strategic acquisition since its establishment in November 2024.

This acquisition accelerates ONGPL’s expansion into the renewable energy sector and reinforces its commitment to sustainability. It also aligns with the broader goals of its parent companies, ONGC and NTPC, to achieve Net Zero emissions by 2038 and 2050, respectively.

Conclusion

NTPC Green Energy’s recent activities highlight its growing influence in India’s renewable energy market. From expanding solar energy projects in Madhya Pradesh to forming strategic partnerships and acquisitions, the company is firmly on track to meet the ambitious renewable energy targets set by both the government and its parent organisations.

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