NTPC Renewable Energy Emerges Victorious In SECI Auction For 500 MW Solar Project

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has won the bid to develop 2000 MW ISTS-connected Solar PV Power Projects. The e-reverse auction was organized by the Solar Energy Corporation of India (SECI) on December 9, 2024. The project also includes setting up Energy Storage Systems (ESS) with a capacity of 1000 MW/4000 MWh. NTPC Renewable Energy Limited (NTPC REL) has secured 500 MW of solar power capacity at a tariff of ₹3.52 per kWh.

As part of the tender requirements, the company will also establish a 250 MW/1000 MWh Energy Storage System (ESS) alongside the solar project. This achievement aligns with the growth of NTPC Green Energy, which recently debuted on the stock exchanges to positive investor response. As of November 30, 2024, the NTPC Group’s renewable energy portfolio includes 4.1 GW of operational capacity and nearly 21 GW under construction or tendering. The company aims to reach 60 GW of renewable energy capacity by 2032.