IPO-bound NTPC Green Energy earmarks Rs 1 lakh crore for projects till FY27

Going ahead, while NTPC Green will be expanding into other areas like green hydrogen and battery storage, currently, as per their plans around 90 percent was for solar and around 10 percent for wind.

NTPC Green Energy, the wholly-owned subsidiary of power utility NTPC that is preparing for an IPO, has earmarked around Rs 1 lakh crore for their pipeline of green energy projects till FY27.

Speaking to the media at a press meet to announce the IPO, CMD Gurpreet Singh explained, "Out of the 16 GW pipeline, 3Gw is expected to be completed in FY25, 5 GW in FY26 and 8 GW in FY27. These projects are predominantly solar wherein capex of Rs 5 crore to Rs 7 crore per MW is expected to be spent."

Speaking to the media, the management expressed confidence in the company and opportunities in the coming day.

Going ahead, while NTPC Green will be expanding into other areas like green hydrogen and battery storage, currently, as per their plans around 90 percent was for solar and around 10 percent for wind.

As of September 2024, their portfolio includes 17 operational solar projects and 2 wind projects, with 36 projects that were either contracted or awarded and 17 different offtakers. The management also highlighted that as of September 2024, they are the largest renewable energy PSE (excluding hydro) in terms of operating capacity, with a portfolio of around 16,896 MW.

The company is also in the process of developing a green hydrogen hub in Andhra Pradesh. "Hydrogen is at the stage where at one time solar was . At that time there was a lot of apprehensions about solar. We have made massive progress in 15 years. in this area too we will make great progress. We are becoming future ready," Singh added.

NTPC Green IPO will open from November 19-22. The company is planning a fresh issue of shares worth up to Rs 10,000 crore at a price band of Rs 102-108. NTPC Green Energy has an estimated P/E of around 147. Other peers include Adani Green Energy and ReNew Energy Global which have a valuation of around 259.83 and 470.05.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.