NTPC Renewable Energy Limited, the renewable energy arm of state-owned power producer, has invited an Expression of Interest from domestic manufacturers to supply around 15 GW of solar modules over the next five years. The sourced modules can have cells of any origin, i.e., cells either manufactured domestically or sourced from anywhere in the world.
NTPC, which has a total installed power generation capacity of approx. 66 GW, forayed from fossil fuels to renewable energy sources as it seeks to lower its carbon footprint by reducing greenhouse gas emissions. It targets to have an installed RE capacity of 23 GW by FY2025, and 60 GW by FY32.
NTPC Renewable Energy Limited has been created to accelerate the group’s presence in the RE sector. NTPC REL, in keeping the focus on future RE capacity addition, desires to enter into long-term sourcing partnerships for solar PV modules to develop its RE portfolio. Earlier this year, it received the go-ahead from the MNRE to set up a massive 4.75 GW solar park in the Indian State of Gujarat. The solar park will be India’s largest when completed. It shall be located at Rann of Kutch—a saline desert near Khavada village of the Kutch district.
This call for proposals is open to any Indian company or its affiliate who have already established their manufacturing base in India or are planning to set up their facilities in the next six months under the production-linked incentive (PLI) Scheme of the government of India.
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