NTPCGREEN

April 24 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• TO CONSIDER BORROWING UP TO 50 BILLION RUPEES DURING FINANCIAL YEAR 2025-26

• TO CONSIDER BORROWING BY ISSUING DEBENTURES (BONDS/ NCDS) IN ONE OR MORE TRANCHES

Source text: ID:nBSEbnwzvD

Further company coverage: NTPG.NS

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April 8 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• 90 MW OF DAYAPAR WIND ENERGY PROJECT PHASE-I DECLARED OPERATIONAL

Source text: ID:nBSE2mZHcd

Further company coverage: NTPG.NS

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March 12 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• SHAJAPUR SOLAR PROJECT IS DECLARED ON COMMERCIAL OPERATION

Source text: ID:nBSE92xrVr

Further company coverage: NTPG.NS

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Feb 24 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• NTPC GREEN ENERGY LTD - INKS MOU WITH MADHYA PRADESH POWER GENERATING CO

• NTPC GREEN ENERGY LTD - MOU ENVISAGES COLLABORATION IN RENEWABLE ENERGY PROJECTS

• NTPC GREEN ENERGY LTD - PROJECTS TO HAVE CAPACITY OF UP TO 20 GW OR MORE

Source text: ID:nBSE6qdsym

Further company coverage: NTPG.NS

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Feb 20 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• NTPC GREEN ENERGY INKS MOU WITH BHARAT LIGHT AND POWER

• MOU FOR PACING GREEN ENERGY OBJECTIVES, CARBON NEUTRAL ECONOMY

• MOU TO JOINTLY EXPLORE OFF-TAKE OF GREEN HYDROGEN

• NGEL TO SET UP INFRASTRUCTURE FOR GREEN HYDROGEN PROJECT

Source text: [ID:]

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Corrects company name in paragraph 4 to British International Investment from British International Investment Fund

Feb 12 (Reuters) - State-owned explorer Oil and Natural Gas Corporation (ONGC) ONGC.NS said on Wednesday that its joint venture with utility firm NTPC Green Energy NTPG.NS will acquire Ayana Renewable Power, which operates solar and wind plants.

Ayana is valued at $2.3 billion including debt, ONGC said in a statement.

The 50-50 joint venture outbid JSW Energy JSWE.NS for the renewable energy firm, Reuters had reported in November, citing sources.

Ayana, owned by quasi-sovereign wealth fund National Investment and Infrastructure Fund, British International Investment and Green Growth Equity Fund, operates plants that produce 1,600 megawatts in India and has another 2,500 megawatts in such projects under construction.

The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities.

The Indian government has pledged to add 500 gigawatts of clean energy by 2030 to reduce carbon emissions.

(Reporting by Hritam Mukherjee and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; X: @MukherjeeHritam;))

Feb 12 (Reuters) - State-owned explorer Oil and Natural Gas Corporation (ONGC) ONGC.NS said on Wednesday that its joint venture with utility firm NTPC Green Energy NTPG.NS will acquire Ayana Renewable Power Pvt Ltd.

Ayana is valued at $2.3 billion including debt, ONGC said in a statement.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; X: @MukherjeeHritam;))

Jan 24 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• NTPC RENEWABLE ENERGY WINS 300MW SOLAR PROJECT IN NHPC TENDER

Source text: ID:nBSE9T62Mm

Further company coverage: NTPG.NS

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Dec 24 (Reuters Breakingviews) - Dealmaking is coming for India’s renewable energy industry in 2025. More than a dozen generators of wind and solar power are looking for new owners as private equity-style firms like Brookfield Asset Management, as well as industry players like Siemens and Enel, look for an exit. Despite New Delhi’s target of renewables providing half the country’s electricity by 2030, success isn’t assured.

Hitting that goal will require around $200 billion of investment, analysts at Nomura reckon. But companies are getting finicky about deploying capital in a market where tariffs for solar power – the single largest subcategory – have moved in a narrow range since 2019.

Sellers may be overly optimistic on valuations, too. Investment fund owners like Brookfield, GIC and Macquarie spent much of 2024 scouting for and haggling with prospective buyers. India’s Inox Wind hinted on an earnings call in October that the Siemens Gamesa wind assets it took a look at were overpriced.

Some deals are set for completion after months of wrangling. A unit of Malaysia’s Petronas has agreed to buy part of Brookfield’s portfolio for $900 million, the Economic Times reported in November. Other potential buyers include JSW Energy’s JSWE.NS renewables unit and Singapore’s Sembcorp. Perhaps the biggest test will be what happens to GIC’s 50% stake in Greenko, which has 7.5 gigawatts of net installed capacity; Bloomberg reported in October that the Singapore sovereign wealth fund was considering selling part or all of its holdings.

Those who cannot secure an industry sale do have another option: an initial public offering. Public markets in India are now seen as mature enough to buy into companies in emerging sectors with earnings some way off. That’s a far cry from 2021 when ReNew Energy RNW.O, the country’s second-largest green power producer by capacity, went public on Nasdaq by merging with a blank-cheque company.

State-owned NTPC Green Energy’s NTPG.NS strong public market debut in late 2024 will buoy sentiment. A listing may work best for companies that have scaled up to a couple of gigawatts, such as Brookfield-backed CleanMax, and Hero Future Energies, whose sponsors include KKR KKR.N. It could be harder for firms with smaller amounts of installed capacity and less or no cash flow.

The coming shakeout in Indian renewables will reveal whose capital New Delhi might be able to rely on as its 2030 goal looms.

Follow @ShritamaBose on X

This is a Reuters Breakingviews prediction for 2025. To read more of our predictions, click here.

(Editing by Antony Currie and Oliver Taslic)

((For previous columns by the author, Reuters customers can click on BOSE/
[email protected]))

** Shares of NTPC Green Energy NTPG.NS rise 2.2% to 135.4 rupees

** NTPG on track to snap five-day losing streak

** The utility signs memorandum of understanding with Department of Industries, Government of Bihar for renewable energy projects; no financials disclosed

** Stock up 6% so far in Dec

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of NTPC Green Energy NTPG.NS rise 2.3% to 150.1 rupees

** The renewable energy utilities maker said its unit NTPC Renewable Energy won 500 mega watt solar power contract in Solar Energy Corporation of India (SECI) auction

** Co did not disclose the financial terms of the contract

** Stock on track for fourth straight day of gains

** Stock has gained 41% since listing in late November

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 10 (Reuters) - NTPC Green Energy Ltd NTPG.NS:

• NTPC GREEN ENERGY - WINS 500 MW SOLAR POWER CONTRACT IN SECI AUCTION

• NTPC GREEN ENERGY - CO TO SET UP ENERGY STORAGE SYSTEM OF 250 MW/1000 MWH

Source text: ID:nBSE1mYCN2

Further company coverage: NTPG.NS

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