NTPC Green Energy bags order to set up energy storage system from SECI – CNBC TV18

NTPC Green Energy Ltd on Tuesday (December 10) said its subsidiary NTPC Renewable Energy Ltd has won a 500 MW solar power project in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.

The project is part of SECI’s 2000 MW ISTS-connected Solar PV Power Projects tender and includes developing an Energy Storage System (ESS) with a total capacity of 1000 MW/4000 MWh.

NTPC Renewable Energy secured 500 MW of solar power capacity at a tariff of ₹3.52 per kWh. As per the terms of the tender, the company is required to set up an Energy Storage System (ESS) of 250 MW/1000 MWh along with the contracted solar capacity. The Letter of Award (LOA) from SECI is awaited.

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NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro energy) in terms of operating capacity as of September 24 and power generation as of March 2024. The company’s renewable energy portfolio includes both solar and wind power assets with a presence across multiple locations in more than 6 states which helps mitigate the risk of location-specific generation variability.

As of September 2024, NTPC Green’s operational capacity stood at 3,220 MW of solar projects and 100 MW of wind projects across 6 states with an average Power Purchasing Agreement (PPA) period of 25 years. Further, it has 13,576 MW of contracted & awarded projects and capacity under pipeline of 9,175 MW as of Sep’24.

NTPC aims to achieve 60 gigawatts (GW) of renewable energy (RE) capacity by FY32. It currently has 3.5 GW of installed capacity and more than 28 GW under development. Shares of NTPC Green Energy Ltd ended at ₹146.65, up by ₹1.90, or 1.31% on the BSE.

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