NTPC doubles its 2032 renewable energy target to 60 GW

The coal-dominated power producer is shifting towards renewables as part of its commitment towards sustainable power generation and safeguarding the environment. It is also undertaking extensive study and experimentations in the areas of carbon capture and hydrogen.

June 28, 2021 Uma Gupta

Image: NTPC

NTPC, India’s largest power producer under the power ministry, has announced its target to install 60 GW of renewable energy capacity by 2032. The company is also aiming at a 10% reduction in its net energy intensity by 2032.

NTPC declared that it would form at least two international alliances to facilitate clean energy research and promote sustainability in the energy value chain by 2025.

The targets were unveiled in the recently held ‘Ministerial Thematic Forums for the HDLE’ event.

NTPC had earlier planned to have a minimum of 32 GW capacity through RE sources, constituting nearly 25% of its overall power generation capacity by 2032.

NTPC has marked its presence in coal, gas, hydro, solar, and wind and ventured into biomass, waste-to-energy, and mobility. It is undertaking extensive study and experimentations in the areas of carbon capture and hydrogen, and has also announced a few pilot projects on green hydrogen.

Currently, NTPC Ltd has an overall installed capacity of 65,825 MW. In FY 2020-21, it recorded the highest ever gross generation of 314.07 billion units against 290.19 billion units during the previous year. The total income was INR 103,552.71 crore as against INR 100,478.41 crore in FY2019-20, registering an increase of 3.06%. Profit after tax increased 36.16% to the highest ever figure of INR 13,769.52 crore.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.