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NTPC Renewable Energy Signs 1,200 MW Solar Power Purchase Agreement with PTC India

NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy, has signed a Power Purchase Agreement with PTC India for the bilateral sale of 1,200 MW of solar power.

July 04, 2026. By Mrinmoy Dey

NTPC Renewable Energy (NTPC REL), a wholly-owned subsidiary of NTPC Green Energy (NGEL), has announced that the company has signed a Power Purchase Agreement (PPA) with PTC India for the sale of 1,200 MW of solar power under a bilateral arrangement.

The PPA was exchanged in the presence of Dr. Manoj Kumar Jhawar, MD and CEO, PTC India and Dr. J.S. Chandok, CEO, ONGPL and other senior officials of NGEL/NTPC REL and PTC India.

This follows a memorandum of understanding (MoU) signed by NGEL and PTC India in March 2026 to explore the possibility of selling renewable energy (RE) power to PTC India through bilateral arrangements and other market mechanisms.

NGEL has already surpassed the 10 GW operational RE capacity mark, reaching 10.62 GW as of June 2026. “The Group’s total installed capacity now stands at 10,076 MW, marking an exceptional addition of 4,175 MW during FY 2025-26, of which 2,065 MW was commissioned in Q4 alone,” the company stated.

Last month, PTC India and Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) signed an MoU to explore collaboration in renewable energy, green infrastructure, energy storage, green hydrogen, power portfolio management, regulatory advisory services and other sustainable energy solutions.

In January 2026, Solar Energy Corporation of India (SECI) and PTC India signed an MoU to collaborate on renewable energy integration, power market operations, battery energy storage systems, and jointly develop large-scale renewable and storage projects.

In November 2025, NGEL signed an MoU with Singareni Collieries Company to explore business opportunities for jointly developing solar, wind, hybrid, energy-storage, green hydrogen and green mobility projects.

In July 2025, the Cabinet Committee on Economic Affairs (CCEA) granted enhanced delegation of power to NTPC from the extant guidelines of delegation of power to Maharatna CPSEs for making an investment in its subsidiary, NTPC Green Energy. Subsequently, NGEL will be investing in NTPC REL and its other JVs/ subsidiaries beyond the earlier approved prescribed limit of INR 7,500 crore up to an amount of INR 20,000 crore for renewable energy (RE) capacity addition to achieve 60 GW renewable energy capacity by 2032.

Tags:

Solar PV

NTPC Renewable Energy

NTPC Green Energy

PTC India

NTPC REL PPA with PTC India

Solar PPA

Dr. Manoj Kumar Jhawar

Dr. J.S. Chandok