NTPC Green Energy to set up RE projects worth Rs 2,00,000 cr in Andhra Pradesh

NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has entered into a joint venture (JV) with the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to develop renewable energy projects in Andhra Pradesh. This collaboration is poised to attract an investment of Rs 2,00,000 crore to the state, marking a pivotal step toward enhancing energy security and sustainability. The JV will spearhead the development of 25 GW of solar, wind, and hybrid energy projects, alongside 10 GW of pumped hydro storage projects and 0.5 MMTPA of green hydrogen and derivatives like green ammonia and methanol.

On the occasion, Andhra Pradesh Chief Minister Chandrababu Naidu lauded the partnership as a milestone in advancing the state’s renewable energy ambitions. He reaffirmed the government's dedication to supporting clean energy initiatives such as solar, wind, pumped storage, and green hydrogen projects, emphasizing their role in fostering a pollution-free and sustainable future. The Chief Minister outlined a broader vision under the state’s Integrated Clean Energy Policy, which aims to achieve 78.50 GW of solar energy, 35 GW of wind energy, 22 GW of pumped hydro storage, and 1.50 MMTPA of green hydrogen production within the next five years. The partnership’s first phase is slated for completion by May 2027. Additionally, NGEL is advancing its green hydrogen hub in Pudimadaka, Andhra Pradesh, with an investment of Rs 1.85 trillion to produce 1,500 tonnes of green hydrogen daily. NTPC is exploring partnerships with global firms like Japan's Toyo Engineering Corp., Norway’s Getek AS, and Australia’s Fortescue for the offtake of green hydrogen. This facility will operate on a plug-and-play model similar to special economic zones, offering companies the infrastructure to produce green hydrogen.