NTPC Green Energy has partnered with Andhra Pradesh’s NREDCAP to establish renewable energy projects worth ₹1.87 lakh crore. The joint venture is expected to generate 1.06 lakh jobs and bring ₹20,620 crore in financial benefits to the state over 25 years.

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• NTPC Green Energy and NREDCAP sign a joint venture to invest ₹1.87 lakh crore in Andhra Pradesh’s renewable energy sector.
• Projects include 25 GW of solar, wind, and hybrid energy, plus 10 GW of pump hydropower projects.
• First phase of projects is expected to be completed by May 2027.
• Initiative will create 1.06 lakh jobs and generate ₹20,620 crore financial benefits for Andhra Pradesh over 25 years.
• Andhra Pradesh CM N. Chandrababu Naidu emphasized the state’s goal to lead in renewable energy, focusing on green hydrogen and ammonia.
• Energy Minister Ravi Kumar called it a vital step for securing Andhra Pradesh’s energy future and contributing to national renewable energy goals.
• NTPC Green Energy’s IPO saw 93% subscription on its second day, with 2.38 times subscription in the retail investor category.
• The ₹10,000 crore IPO consists entirely of fresh share issues, with ₹3,960 crore already raised from anchor investors.
• Renewable energy expansion aligns with India’s goal to enhance green energy capacity.