,India

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.
 

Join Asian Power community
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!

Onshore wind will take up 82% of China’s 408 GW new capacity between 2021-2030.
With producing green hydrogen costs set to drop, APAC is ripe for a hydro revolution.
This is supported by Lao PDR, Thailand, and Malaysia.
The project consists of numerous ground-mounted solar installations currently in development.
ETS covered around 40% of China's 11,535 Mt CO2e emissions in 2019.
In a nutshell, the tips are to minimise total land use, optimise land assessment, and increase land of suitable land.
1.7% is the minimum amount of land needed for solar generation alone.
There is already a notice to proceed with the 50-MW Niigata East Port biomass project.
This plant will be powered using 3-GW solar and 500-MW wind energy.
This is despite the decline of new approvals for coal-fired powerplants in H1 2021.
The country’s share of solar and wind energy will remain consistent.
This will help the region deal with climate change challenges .
The developments of photovoltaic projects will consolidate the German firm's position in the country
They will be studying the feasibility of large-scale projects off the country's coast