NTPC Green Energy touched all-time low at Rs 96.20 during the early trading hours on Monday. NTPC Green Energy listed recently on the markets and the stock has witnessed selling pressure after touching all-time high at Rs 155. Investors are currently facing losses on this counter. NTPC share price recovered slightly after opening at Rs 322 this morning. As overall market sentiment has turned bearish, majority of public sector stocks were trading with losses. NTPC touched an intraday high at Rs 325.4 and was trading at Rs 324 at the time of publication of this report.

NTPC and EDF Forge Partnership to Drive Renewable Energy Projects in India

In a significant move towards expanding India’s renewable energy capacity, state-run NTPC Ltd and EDF India Pvt. Ltd, a subsidiary of France-based Électricité de France SA, have announced plans to collaborate on renewable energy projects. The two companies have signed a non-binding term sheet to form a 50:50 joint venture aimed at developing pumped storage, hydro, and other renewable energy projects. This strategic partnership underscores the commitment of both companies to contribute to India’s ambitious renewable energy goals, including its target of achieving 500GW of non-fossil fuel capacity by 2030.

Joint Venture to Boost India’s Renewable Energy Landscape

NTPC and EDF India’s partnership is set to explore opportunities across pumped storage, hydroelectric power, and other renewable sources.
The 50:50 joint venture will operate either independently or through partnerships with joint ventures and subsidiaries in India and neighboring countries.
The collaboration leverages the domain expertise and resources of both companies, positioning them to make a significant impact on the renewable energy landscape in India.
By pooling resources and technical expertise, this partnership aims to deliver innovative solutions for sustainable energy development. Additionally, organizations like Utility Bidder play a crucial role in promoting energy efficiency by helping businesses find cost-effective solutions to lower utility bills while supporting the transition to sustainable power sources.

NTPC’s Expanding Role in Renewable Energy

NTPC Ltd is India’s largest power generation company, with an installed capacity of over 77GW.
The company has an additional 29.5GW under construction, which includes 9.6GW of renewable energy capacity.
NTPC is committed to achieving a 60GW renewable capacity by 2032, aligning with India’s long-term clean energy targets.
The company’s ongoing efforts to expand its renewable energy portfolio demonstrate its commitment to reducing carbon emissions and promoting sustainable growth.

NTPC Green Energy: A Focus on Future Technologies

In November, NTPC listed its subsidiary NTPC Green Energy Ltd on the stock exchanges to unlock value and attract investment.
NTPC Green Energy is focused on producing green hydrogen, green methanol, and sustainable aviation fuel (SAF), in addition to conventional renewable power generation.
The subsidiary aims to play a pivotal role in India's transition to a low-carbon economy, with a strong emphasis on innovation and sustainable energy solutions.
These initiatives position NTPC as a key player in the global push for clean energy and the decarbonization of major industries.

NTPC’s Green Hydrogen Hub: A Game-Changer for Andhra Pradesh

In January, Prime Minister Narendra Modi laid the foundation stone for NTPC Green Energy Ltd’s green hydrogen hub at Pudimadaka, near Visakhapatnam in Andhra Pradesh.
The project is expected to attract Rs 1.85 trillion in investment, significantly boosting the state’s economic growth and job creation.
The hub aims to support India’s goal of achieving 500GW of non-fossil energy capacity by 2030, contributing to a cleaner and greener future.
This initiative underscores NTPC’s ambition to become a leader in the production of green hydrogen, a key component of the global energy transition.

EDF’s Commitment to India’s Clean Energy Mission

EDF India Pvt. Ltd, a subsidiary of Électricité de France SA, brings its global expertise in energy infrastructure and renewable power generation to the partnership.
EDF is known for its focus on innovation, clean energy, and sustainable development, making it a valuable partner for NTPC’s renewable energy ambitions.
The partnership aims to drive technological advancements in India’s renewable energy sector, with a focus on efficiency, sustainability, and long-term growth.
This collaboration reinforces EDF’s commitment to India’s clean energy mission and the global transition to sustainable power sources.