India's biggest power generation utility is stepping on the green accelerator. State-owned NTPC Ltd's renewable energy arm, NTPL Green Energy Ltd (NGEL), is eyeing a multifold jump in investments in the green energy space to ₹5 trillion by 2030, according to two people with knowledge of the development. The earlier plan was to invest about ₹1 trillion by FY27.
The monies would go toward building capacities in renewable power generation (solar and wind), green hydrogen, green ammonia, green methanol, ethanol, sustainable aviation fuel, green urea and energy storage capacities, including both battery storage and pump-storage projects (PSPs).
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