NTPC Green Energy is poised to take significant steps towards financing its ambitious renewable energy initiatives. Next week, the company is set to deliberate on a plan to raise up to Rs 5,000 crore through the issuance of bonds. This funding will be executed in one or multiple tranches throughout the financial year 2025-26.
Upcoming Board Meeting for Fundraising Approval
The Board of Directors at NTPC Green Energy will convene on April 29, 2025, to discuss the potential borrowing of funds. The agenda includes considering the issuance of secured or unsecured, redeemable, taxable or tax-free debentures, also known as bonds or Non-Convertible Debentures (NCDs). This strategic move reflects NTPC Green’s commitment to expanding its renewable energy portfolio.
Expanding Renewable Energy Projects
A wholly-owned subsidiary of NTPC, the state-run power giant, NTPC Green Energy is dedicated to spearheading renewable energy projects. Notably, the company is collaborating with ONGC Green through their joint venture, ONGC NTPC Green (ONGPL). This partnership aims to establish a range of projects, including:
- Battery energy storage systems
- Offshore and onshore wind farms
- Green chemical innovations
Recently, ONGPL made headlines by acquiring a 100% equity stake in Ayana Renewable Power for Rs 6,248.50 crore, further enhancing its renewable capabilities.
Ambitious Capacity Goals
With a target of achieving 19 GW of renewable energy capacity by 2026-27, NTPC Green Energy is planning an impressive investment of Rs 1 lakh crore. In the financial year 2025, the company successfully added 660 megawatts (MW) of thermal capacity alongside 3.3 GW of renewable energy capacity. Looking ahead to 2025-26, NTPC Green intends to add 3 GW of coal-based capacity and an additional 5 GW of renewable energy capacity.
Joint Ventures for Future Development
In addition to its ongoing projects, NTPC Green has entered a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology. This collaboration is set to develop 10 GW of renewable energy parks across various states in India, with a particular focus on Maharashtra. This initiative showcases NTPC Green’s dedication to advancing renewable energy development across the nation.
With these strategic moves, NTPC Green Energy is not just enhancing its financial standing but is also contributing significantly to India’s renewable energy landscape. This dual approach of financial growth and sustainable development underscores NTPC Green’s role in shaping a greener future.
