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NTPC Green Energy Limited and MAHAGENCO Form Joint Venture for Renewable Energy Parks in Maharashtra

Power | Green hydrogen | Partnership and Collaboration

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO) to develop large-scale renewable energy parks in Maharashtra. Signed on 28th February 2024, this agreement aims to boost green energy projects, including Green Hydrogen and Energy Storage Technologies, supporting India’s decarbonisation goals. The JV aims to expand NTPC's renewable capacity towards a 60 GW target by 2032.

Decarb Avenues

  • Battery Storage
  • Bio-based Materials
  • Green hydrogen
  • Utility Scale Solar PV

Drivers

  • Government Policies
  • Partnership and Collaboration

Stakeholders

  • Corporate Leaders
  • Investors
  • Government Officials