The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not to be named as the plans are still not public. Rising climate change concerns have restricted funding to fossil fuel projects and funnelled investments into green energy. By the time it’s listed, NTPC Renewable Energy will aim to have at least 10 gigawatts of generation capacity, according to the official. NTPC has won bids for 2,765MW of renewables projects since the start of the fiscal year in April, 77% more than the whole prior fiscal year. Its power trading unit NTPC Vidyut Vyapar has started to tap energy transition projects, including electric mobility.
