- Press Releases
July 4 (Renewables Now) - Indian state-run energy company NTPC Ltd (BOM:532555) has signed a Memorandum of Understanding (MoU) with the government of Rajasthan that will enable it to develop a 10-GW renewable project in the Indian state.
The so-called Ultra Mega Renewable Energy Power Park will be installed by the group’s green energy business NTPC Renewable Energy Ltd. Specific details about the required investment and proposed location of the future complex were not disclosed.
In a separate statement, NTPC announced the commissioning of a 100-MW floating solar park in the state of Telangana. Spanning across a water area of 600 acres, the plant in Peddapalli District is expected to generate enough electricity to cover the demand of around 10,000 homes.
NTPC Group is pursuing a goal of having 60 GW of installed renewable energy capacity by 2032, which will account for close to 45% of its overall power generation portfolio. According to its website, it currently has 1.77 GW of solar, wind and small hydropower plants in operation, as well as an additional 1.63 GW of ground-mounted and floating solar projects.