NTPC Green Energy shares in focus after energy storage system project win

NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy, has secured a major win in the Solar Energy Corporation of India’s (SECI) latest e-reverse auction. The company emerged as a successful bidder for developing 500 MW of solar power capacity under the 2000 MW ISTS-connected Solar PV Power Projects tender. The agreed tariff for the project is Rs 3.52 per kWh.

Energy storage: A key component

One of the standout features of the tender is the requirement to develop an Energy Storage System (ESS). NTPC REL will establish a 250 MW/1000 MWh ESS alongside its contracted solar capacity. This project forms part of SECI’s strategy to blend renewable energy with storage solutions to enhance grid stability and reliability.

Stock performance and strategic implications

NTPC Green Energy shares, listed at Rs 111.50 on the NSE, reflecting a 3.24 per cent premium over its IPO price of Rs 108, are set to draw attention. The company’s growing renewable portfolio, which already includes significant solar and wind energy projects, underscores its role in India’s clean energy transition.

Positioning for the future

This win reaffirms NTPC’s commitment to expanding its green energy footprint while enhancing its value proposition. Investors will keep an eye on how the company executes this project and integrates ESS into its broader renewable energy strategy, anticipating a potential uptick in earnings and stock valuation.