NTPC Green Energy Hits Peak Power—100 MW Solar Now Operational

In a significant stride toward India’s renewable energy ambitions, NTPC Green Energy Limited (NGEL)—the green energy arm of NTPC Ltd.—has officially declared the Commercial Operation Date (COD) for 100 MW of solar capacity under its IRCON Renewable Power project. The milestone was achieved on September 17, 2025, marking a key addition to the company’s rapidly expanding clean energy portfolio2.

 

This newly commissioned capacity is part of a 500 MW solar plant operated by IRCON Renewable Power Limited (IRPL), a joint venture involving Ayana Renewable Power Private Limited and ONGC NTPC Green Private Limited, with indirect ownership by NGEL. The 100 MW segment, designated as Lot-6, brings the plant’s operational capacity to 400 MW, with the remaining 100 MW expected to be commissioned in the coming months.

 

A Boost to NTPC’s Green Ambitions

With this addition, NGEL’s total installed capacity has now reached 7,372.575 MW, up from 7,272.575 MW prior to the COD declaration. The company’s commercial capacity—which reflects operational assets generating revenue—also stands at 7,272.575 MW, reinforcing its position as a leading player in India’s renewable energy landscape.

 

This expansion aligns with NTPC’s broader goal of achieving 60 GW of renewable energy capacity by FY2032, a target that positions the company as a central force in India’s clean energy transition. NGEL is tasked with spearheading this mission through both organic growth and strategic partnerships.

 

Project Details: IRCON Renewable Power

The IRCON Renewable Power project is a complex joint venture structure:

This layered ownership model reflects the collaborative nature of India’s renewable energy ecosystem, where public sector giants are joining forces to scale up solar, wind, and emerging technologies like green hydrogen.

 

The 500 MW solar plant is located in a high-insolation zone, optimized for maximum energy yield. The newly operational 100 MW segment is expected to generate approximately 160 million units of electricity annually, enough to power over 150,000 homes and offset nearly 130,000 metric tons of CO₂ emissions per year.

 

Market Reaction and Financial Snapshot

Following the announcement, shares of NTPC Green Energy rose by 5.01%, hitting ₹108.75 per share—their biggest intraday gain since June 2025. The stock later settled at ₹106.6, still up 3% for the day, outperforming the broader Nifty 50 index.

 

NTPC Green Energy’s market capitalization now stands at ₹89,908.94 crore, with trading volumes surging to 19 times the 30-day average, reflecting strong investor confidence in the company’s execution capabilities and growth trajectory.

 

In Q1 FY26, NGEL reported:

Strategic Outlook: Beyond Solar

Earlier this month, NGEL signed an MoU with V.O. Chidambaranar Port Authority (VOCPA) to set up a green hydrogen fueling station and deploy hydrogen-powered internal combustion engine trucks for port operations. This initiative aims to phase out fossil fuel-based logistics and promote decarbonization in maritime infrastructure.

 

NGEL’s roadmap includes:

With the latest COD milestone, NTPC Green Energy continues to demonstrate its ability to deliver large-scale renewable projects on schedule, reinforcing its role as a cornerstone of India’s energy transformation.

 

Sources: Business Standard, ScanX News, HDFC Sky