The top brass of NTPC Green Energy Ltd., which is set to launch its initial public offering next week, expects the company to achieve its target of 60 gigawatts of capacity addition before 2032. Gurdeep Singh, the chairman and managing director of the renewable energy firm, shared a roadmap of the company's capacity addition plan while speaking to NDTV Profit on Wednesday.
"As of now, we have only 3.3 GW of commissioned capacity. At the same time, we have a huge capacity of 11 GW under construction. This fiscal year, we will add 3 GW, next year 5 GW, followed by 8 GW in fiscal 2027. And going forward, we will be ramping up this capacity," Singh said.
Although NTPC Green Energy is currently focused on solar and wind energy, the company will also turn its attention to green hydrogen derivatives in the period to come, the management indicated. "Going forward, the focus will be not just on solar and wind energy but also storage solutions and green molecules," Singh said.
Further explaining the plan, the NTPC Green Energy chief said the focus will not be on green hydrogen but its derivatives, which include ammonia, methanol, reduced iron, and steel. "The potential for this transformation is immense. Once we go through this transition, the growth will be much higher than what is seen today," Singh added.
Green hydrogen derivatives will not only fuel the company's growth plans but will also play a leading role in meeting the country's future energy requirements, Singh said. "This will help us play a crucial role in the Viksit Bharat goal for 2047." Singh noted that NTPC Green Energy has already commissioned its first green methanol plant at the Vindhyachal Super Thermal Power Station.