NTPC Green Energy, a key player in India's renewable energy sector, has made significant strides in green ammonia production, solar power generation, and is now considering its first local-currency bond sale, marking important developments in the country's clean energy landscape.

Green Ammonia Contract Win

NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy, has clinched a substantial green ammonia supply contract through a competitive reverse auction conducted by the Solar Energy Corporation of India (SECI). The contract entails:

• Supply of 70,000 metric tonnes of green ammonia per annum
• Contract price: Rs 51.80 per kg
• Destination: Krishna Phoschem Limited at Meghnagar, Madhya Pradesh

This contract underscores NTPC Green Energy's commitment to diversifying its clean energy portfolio and contributing to India's green hydrogen mission.

Solar Project Milestone

In a parallel development, NTPC Green Energy announced a significant milestone in its solar power initiatives:

• 75 MW capacity of a 500 MW solar project became commercially operational
• The project is operated by IRCON Renewable Power Limited, a joint venture
• Total operational capacity of the project now stands at 300 MW

This achievement represents substantial progress in NTPC Green Energy's solar power ambitions, bringing the company closer to its target of 500 MW for this particular project.

Potential Bond Sale

NTPC Green Energy Ltd., India's most valuable state-run green energy firm, is considering its first local-currency bond sale worth 20-30 billion rupees ($228 million). Key points include:

• The company is weighing five- or 10-year notes
• The sale is expected to be finalized after the Reserve Bank of India's policy decision
• This move comes amid record corporate debt issuance driven by lower borrowing costs
• Crisil Ratings assigned a AAA rating to NTPC Green's proposed debt in June, citing robust liquidity and steady cash flows

Financial Overview

• The company raised $1.2 billion through an IPO late last year
• Shares have declined 18% this year
• Current valuation is around $10 billion

Market Performance

Despite these positive developments, NTPC Green Energy's stock performance remained steady:

The stock closed flat, indicating a neutral market reaction to the news.

These recent developments highlight NTPC Green Energy's multifaceted approach to clean energy, spanning green ammonia production, solar power generation, and potential financial strategies. The company continues to play a pivotal role in India's transition towards sustainable energy sources, contributing to both the country's energy security and environmental goals.

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has announced the commercial operation of an additional 6 MW capacity from its 150 MW Dayapar Wind Energy Project in Gujarat. This milestone, effective from July 31, 2025, marks the third phase of the project's development and contributes to the expansion of NTPC's renewable energy portfolio.

Project Development

The Dayapar Wind Energy Project has been implemented in multiple phases:

1. First phase: 50 MW capacity, operational since November 2023
2. Second phase: 90 MW capacity, operational since April 2025
3. Third phase: 6 MW capacity, now operational from July 31, 2025

This wind energy project is part of a larger 450 MW Hybrid Project operated by NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Green Energy Limited.

Capacity Milestone

With the addition of this 6 MW wind capacity, NTPC group's total installed and commercial capacity has reached 82,902.00 MW. This expansion aligns with NTPC's strategic focus on increasing its renewable energy footprint and diversifying its power generation portfolio.

Regulatory Compliance

In compliance with SEBI regulations, NTPC Green Energy Limited has made the necessary disclosures to the National Stock Exchange of India Limited and BSE Limited. The company's commitment to transparency is evident in its prompt reporting of the commercial operation declaration.

Strategic Implications

The phased implementation of the Dayapar Wind Energy Project demonstrates NTPC's methodical approach to expanding its renewable energy capacity. By gradually bringing different parts of the project online, the company ensures a steady increase in its green energy output while managing operational complexities effectively.

This latest addition to NTPC's operational capacity underscores the group's ongoing efforts to transition towards cleaner energy sources and contribute to India's renewable energy goals. As the power sector continues to evolve, NTPC's investments in wind energy projects like Dayapar position the company as a key player in the country's sustainable energy landscape.