NTPC to forge global partnership on clean energy research
State-run power producer NTPC said on Sunday that it will form at least two international alliances to facilitate clean energy research and promote sustainability in energy value chain by 2025. The announcement was part of the ‘Energy Compact goals’ that NTPC set at the UN High-level Dialogue on Energy (HLDE). NTPC is the first Indian energy company and currently among the few global firms to declare energy compact goals under the UN-HLDE framework.
NTPC also pledged to achieve 60 giga-watt (GW) of cumulative capacity of renewables by 2032 as part of its energy compact goals. As FE reported on June 22, NTPC has doubled its renewable energy target for 2032, and now wants to have 60 GW of wind and solar capacity by the end of the target period. Currently, the installed renewable energy capacity of the company is 1,350 MW and by FY24, it intends to add about another 13,000 MW of green power generation base.
