NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has commissioned the final 105 MW phase of the 1,200 MW Khavda-II Solar Project in Gujarat, marking the full completion of the large-scale solar project.
In a regulatory filing, the company stated that this is the eighth and final phase commissioned by NTPC Renewable Energy Limited, a subsidiary of NTPC Limited. With this commissioning, NTPC Group’s total installed capacity has increased to 90,773 MW, while its commercial capacity has reached 88,893 MW.
During an investor call, NTPC said it plans to commission approximately 8,135 MW of renewable energy capacity by FY28. Of this, around 8,069 MW is expected to come from its joint ventures (JVs) and subsidiaries, predominantly NGEL, while 66 MW is expected to be commissioned directly by NTPC.
NTPC Group Adds 4.73 GW Renewable Energy
NTPC Group crossed the 90 GW installed capacity milestone during FY26. At the group level, it added 4,738 MW of renewable energy (RE) capacity during the year. In an investor call, NTPC said that NGEL contributed 4,225 MW, compared with 2,977 MW added in FY25. In addition, 490 MW has been added so far in FY27.
This has taken NTPC Group’s total installed renewable energy capacity to 12,068 MW. Renewable energy generation stood at 43.22 billion units in FY26, compared with 43.87 billion units in FY25.
Curtailment remains a persistent issue affecting NTPC Green, management said during the investor call. NGEL reported renewable energy curtailment of 314 million units (MU) during FY26, in addition to transmission-related (TRAS) losses of approximately 135 MU due to grid constraints.
Management also indicated that it may tap alternative sources to meet its 5 GW capacity addition target. Some projects originally targeted for FY26 have spilled over into the next financial year or are expected to do so. Despite this, the company said it continues to maintain its 8 GW capacity addition target for the current year.
Furthermore, NTPC plans to add an average of 8 GW of renewable energy capacity annually by exploring additional opportunities, including inorganic acquisitions. The company also intends to accelerate capacity additions significantly to achieve its 60 GW renewable energy target by 2032.
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