The country’s largest power generator, NTPC, through its renewable energy arm, will construct what would be India’s largest single local solar power park of 4.75 Gigawatt (Gw) in Kutch. NTPC Renewable Energy (NTPC-REL) has received the approval of the nodal ministry of new and renewable energy, said a company’s statement.

NTPC-REL plans to use this project for the production of green hydrogen, too. Hydrogen produced from renewable sources is called green hydrogen.

NTPC-REL was given the go-ahead under Mode 8 (Ultra Mega Renewable Energy Power Park) of the Solar Park Scheme, the company said in a release. “As part of its green energy portfolio augmentation, NTPC, India’s largest energy integrated company, aims to build 60 GW Renewable Energy Capacity by 2032,” it said. There are five operational solar power parks in the country, of which Bhadla in Rajasthan (2.2 Gw) and Pavgada in Karnataka (2.05 Gw) are among the world’s largest single-location solar plants. India’s first solar power park of 0.75 Gw was fully commissioned in 2019 in the Rewa district of Madhya Pradesh.

The current total installed generation capacity of NTPC stands at 66 Gw. Out of this, thermal (coal+gas) is 61 Gw, hydro 3.7 Gw, solar is 1 Gw and the balance is wind. NTPC incorporated a wholly-owned subsidiary for its renewable energy projects in October 2020, which Gurdeep Singh, chairman and managing director of the company, said would be listed soon.

“We should not focus on one way of raising funds. We want to soon go public for raising funds,” he said, adding the company would add 7-8 GW renewable every year. Apart from solar and wind power projects, NTPC is looking to invest in green hydrogen and green methanol – cleaner fuels that are manufactured at units powered by renewable energy.

The country’s largest power generator, NTPC, through its renewable energy arm, will construct what would be India’s largest single local solar power park of 4.75 Gigawatt (Gw) in Kutch. NTPC Renewable Energy (NTPC-REL) has received the approval of the nodal ministry of new and renewable energy, said a company’s statement.

NTPC-REL was given the go-ahead under Mode 8 (Ultra Mega Renewable Energy Power Park) of the Solar Park Scheme, the company said in a release. “As part of its green energy portfolio augmentation, NTPC, India’s largest energy integrated company, aims to build 60 GW Renewable Energy Capacity by 2032,” it said. There are five operational solar power parks in the country, of which Bhadla in Rajasthan (2.2 Gw) and Pavgada in Karnataka (2.05 Gw) are among the world’s largest single-location solar plants. India’s first solar power park of 0.75 Gw was fully commissioned in 2019 in the Rewa district of Madhya Pradesh.

The current total installed generation capacity of NTPC stands at 66 Gw. Out of this, thermal (coal+gas) is 61 Gw, hydro 3.7 Gw, solar is 1 Gw and the balance is wind. NTPC incorporated a wholly-owned subsidiary for its renewable energy projects in October 2020, which Gurdeep Singh, chairman and managing director of the company, said would be listed soon.

“We should not focus on one way of raising funds. We want to soon go public for raising funds,” he said, adding the company would add 7-8 GW renewable every year. Apart from solar and wind power projects, NTPC is looking to invest in green hydrogen and green methanol – cleaner fuels that are manufactured at units powered by renewable energy.

Source: business-standard