• UGI USER
  • May 28, 2024
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“NTPC’S RENEWABLE ENERGY SURGE: TARGETING 60,000 MW BY FY32”

Why in the news?

  • NTPC’s shares have surged, reflecting investor optimism about the potential value of its renewable energy subsidiary, NTPC Green Energy, which aims to significantly expand its capacity by FY32.
  • The company plans to scale its renewable energy capacity to 60,000 MW by FY32, making up 46% of its total capacity target.
Source:researchgate

About India’s Targets of Renewable Energy Power Generation:

  • 500 GW Non-Fossil Fuel Based Energy by 2030:
  • 50% of its energy requirements from renewable energy by 2030.
  • Achieving the target of net zero emissions by 2070.
About NTPC Limited:

  • Popularly known as National Thermal Power Corporation Limited.
  • India’s largest energy conglomerate.
  • Founded by the Government of India in 1975.
  • Incorporated under the Companies Act 1956.
  • Owned by the Ministry of Power.
  • Headquarters located in New Delhi.
  • Conferred Maharatna status by the Union Government of India in May 2010.

Associated Article:

https://universalinstitutions.com/indias-green-hydrogen-challenge/