As part of its pivot towards green energy, Delhi state-run NTPC Ltd plans to acquire at least 1000 megawatt of operational wind power projects to add to its green energy portfolio, said two people aware of the development.
The transaction process may rank among the largest in India’s clean energy space and comes in the backdrop of the utility that runs one of the largest global fleets of coal-fuelled plants, deciding not to set up new greenfield coal-fueled power projects.
India’s largest power generation utility may shortly call a Request For Proposal (RFP) for buying these wind projects. This proposed tender from NTPC also comes in the backdrop of climate change impacting India’s green economy.
NTPC is also involved in an ongoing process for acquiring at least 1 GW of operational solar power projects.
The state-run conventional power generation firm plans to have a 32 GW clean energy portfolio by 2032. It currently has a 1GW operational clean energy capacity and a 3 GW pipeline and plans to add at least 5GW solar capacity in two years. NTPC plans to make a total capital expenditure of Rs 1 trillion between 2019 and 2024 to become a 130 GW power producer by 2032.
The criteria followed by NTPC for acquiring solar projects include a tariff of less than or equal to Rs 5 per unit approved by the respective state or Central Regulatory Commission and an operational installed capacity of at least 50 MW at a single location.