India’s NTPC nearly doubles renewable energy goals

The power company is India’s biggest power generator.

India’s NTPC Ltd. has increased its renewable energy goals from 32 GW to 60 GW by 2032, a move that accelerates the company’s shift from coal.

The move comes after several countries and financial institutions have started to turn away from coal.

In a report by Bloomberg, Rupesh Sankhe, vice president at Elara Capital India Pvt. in Mumbai called the target as ‘overly optimistic’ as more than 92% of the company’s installations run on fossil fuels.

Currently, NTPC is assessing whether the bigger renewable build-out should affect its plans to expand its fossil fuel fleet. The previous plan would have boosted total generating capacity to 130 gigawatts by 2032, with thermal power making up 70% of that.

Follow the link s for more news on

NTPC

coal power

renewable energy

Also Read

Terra Solar taps Energy China for 3.5 GW plant's EPC

MGen may ‘mimic’ $4b solar project north of Manila

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit