NTPC Renewable Energy Secures 500 MW Solar Power Contract In SECI Auction

NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, has successfully secured a 500 MW solar power contract in the recent e-reverse auction conducted by the Solar Energy Corporation of India (SECI). The auction, held on December 9, 2024, is part of SECI’s initiative to develop 2,000 MW ISTS-connected Solar PV Power Projects, which also includes the installation of Energy Storage Systems (ESS) with a total capacity of 1,000 MW/4,000 MWh.

NTPC REL’s winning bid for 500 MW of solar capacity was at a tariff of ₹3.52 per kWh. In line with the auction terms, the company is also required to establish an Energy Storage System of 250 MW/1,000 MWh along with the solar capacity. The Letter of Award (LOA) from SECI is still awaited, which will formalize the contract and allow NTPC REL to proceed with the project. This development further strengthens NTPC’s position in India’s renewable energy sector, as the company continues to expand its solar and energy storage capabilities to meet the nation’s growing clean energy demands.