NTPC Green Energy’s share price is likely to remain in focus on December 23 following the signing of a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The agreement aims to boost renewable energy investments in the state, encompassing projects like ground-mounted and floating solar installations, battery energy storage systems, and green hydrogen mobility initiatives.
The Bihar government will assist NTPC Green Energy in securing necessary permissions, approvals, and clearances to facilitate these projects.
Recent Developments in NTPC Green Energy
- Solar Project Operations in Gujarat:
Last week, NTPC Green Energy began the commercial operation of a 30 MW solar unit, part of a larger 150 MW Gujarat Solar PV Project at Mesanka. The project is managed by NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy. - Major Win in SECI Auction:
On December 10, NTPC Renewable Energy emerged as a successful bidder in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI).- The auction involved the development of 2000 MW of ISTS-connected solar PV power projects.
- It also required establishing Energy Storage Systems (ESS) with a total capacity of 1000 MW/4000 MWh.
- NTPC Renewable Energy secured 500 MW of solar capacity at a tariff of ₹3.52 per kWh and will set up an ESS of 250 MW/1000 MWh along with the solar capacity.
Stock Performance
NTPC Green Energy was listed on the NSE at ₹111.50 per share, reflecting a premium of 3.24% over its IPO price of ₹108 per share.
As a ‘Maharatna’ central public sector enterprise, NTPC Green Energy is committed to expanding its renewable energy portfolio, which includes solar and wind power assets, to support India’s clean energy goals.
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Source: Moneycontrol
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