NTPC Green Energy Limited was incorporated on April 7, 2022 for the reorganisation of NTPC Limited’s renewable energy business. Pursuant to the issuance of National Monetisation Pipeline (NMP) by the Ministry of Finance on August 23, 2021, and in consultation with the Ministry of Power, the Renewable Energy (RE) assets of NTPC Limited were transferred to the company at book value, through a business transfer agreement dated July 8, 2022. Further, NTPC Limited also transferred 100% of its equity shareholding held in NTPC Renewable Energy Limited (NREL) to the company through a share purchase agreement dated July 8, 2022. The transfer of the RE assets and 100% equity shareholding in NREL, were completed on February 28, 2023.

The company is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise. It is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024. Its renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in many states which helps mitigate the risk of location-specific generation variability. It is strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (PSUs) and Indian corporates. Its projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy. 

The company is promoted by its parent company -- NTPC, India’s largest power company both in terms of installed capacity as of March 31, 2024 and power generation in Fiscal 2024. The company is a public sector enterprise under the ownership and administrative control of the Ministry of Power (MOP) of the Government of India (GoI).

Business area of the company

The company is mainly engaged in the activity of developing, building, owning, operating and maintaining utility scale grid connected solar and wind power projects (through O&M operations and in-house engineering).

Awards, accreditations and recognitions 

• 2023:  Awarded the Green Ribbon Champions award by Network 18 media house for its commitment to sustainability.
• History and milestones
• 2023: The company acquired 15 renewable assets with a combined capacity of 2,861 MW, as well as equity shareholding in NTPC Renewable Energy Limited, from its Corporate Promoter, NTPC Limited. 
• 2023: The company and Indian Oil Corporation Limited incorporated a joint venture company ‘Indianoil NTPC Green Energy Private Limited’ (INGEL) for the purpose of developing grid connected and/or off-grid renewable energy-based power projects. 
• 2023: Its wholly owned Subsidiary, NTPC Renewable Energy Limited launched its first wind project, with a capacity of 50 MW, in Dayapar, Bhuj, Gujarat.
• 2024: Its wholly owned Subsidiary, NTPC Renewable Energy Limited launched its first solar project in Chhattargarh, Rajasthan with a capacity of 150 MW.
• 2024: The company commissioned a 40 MW solar photovoltaic project in Ayodhya.
• 2024: Its operational capacity exceeded 3 GW on a consolidated level. 
• 2024: 50 MW capacity of the total 220 MW Shajapur Solar Project, owned by its material subsidiary, NTPC Renewable Energy Limited, was declared commercially operational.