India’s largest utility NTPC has completed 115MW out of 260MW of its Bhadla solar plant in the Indian state of Rajasthan, according to a Bombay Stock Exchange (BSE) filing.
With this, the installed capacity of NTPC’s solar power projects has hit 475MW. The total installed power capacity of NTPC on standalone basis has become nearly 41.2GW.
This year NTPC is to delve out multiple solar tenders in line with Indian central government policy to push solar over the last two years. As well being the most bankable off-taker for renewable energy projects in India, the firm has also taken on its own PV projects, as is the case at Bhadla.
NTPC, responsible for driving much of the PV allocation in the National Solar Mission (NSM) so far, is expected to tender a total of 5GW over the next three years.
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.