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NTPC, NTPC Green Energy, Coal India, and NLC India sign MoUs with RVUNL to enhance efficiency and develop thermal and renewable energy projects. NTPC plans to add supercritical units to the existing Chhabra thermal power plant. The agreements aim to reduce generation costs and expand non-fossil capacity to 45-50% with a total portfolio of 130 GW by 2032.
For funding renewable projects, derivatives such as two-way contracts have existed for long but inertia prevents their greater adoption. Each project has a target price, determined at a competitive auction. When market prices are lower than the target, the government makes up the difference. When the market goes higher, the producer pays the excess to the government
For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country's climate goal of transitioning to clean energy.