NTPC Green Energy shares its focus after winning the energy storage system project
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy, bagged a huge win in the recent e-reverse auction of Solar Energy Corporation of India (SECI). The company emerged as the successful bidder for the development of 500 MW of solar power under the Solar PV Power Projects tender linked to the 2000 MW ISTS. The agreed cost for this project is Rs 3.52 per kWh.
Energy storage: An important component
One of the most prominent features of the tender is the requirement to develop an Energy Storage System (ESS). NTPC REL will set up 250 MW/1000 MWh ESS in addition to its contracted solar capacity. The project is part of SECI’s strategy to integrate renewable energy and storage solutions to improve grid resilience and reliability.
Stock performance and strategic implications
Shares of NTPC Green Energy, listed at Rs 111.50 on the NSE, reflecting a premium of 3.24 per cent over its IPO price of Rs 108, are set to attract attention. The company’s growing renewable portfolio, which already includes significant solar and wind power projects, underscores its role in India’s clean energy transition.
The shape of the future
This win confirms NTPC’s commitment to expanding its green energy footprint while enhancing its value proposition. Investors will be looking at how the company implements this project and integrates ESS with a broader renewable energy strategy, expecting a potential increase in earnings and stock valuation.
