NTPC Green Energy Expands Wind Capacity, Partners with Paradip Port for Green Hydrogen Projects
MoU marks NTPC’s major push into low-carbon energy and maritime decarbonisation
Bhubaneswar : In a major stride toward clean energy transformation, NTPC Green Energy Ltd (NGEL), a wholly owned subsidiary of NTPC Ltd, has strengthened its renewable energy portfolio by commissioning new wind capacity and signing a landmark agreement with the Paradip Port Authority to develop green hydrogen infrastructure.
The twin developments — expansion in wind power generation and entry into hydrogen-based projects — mark a defining step in NTPC’s transition from conventional coal-based power to a diversified, low-carbon energy ecosystem.
Strategic Partnership with Paradip Port to Boost Hydrogen Infrastructure
NTPC Green Energy and Paradip Port Authority recently signed a Memorandum of Understanding (MoU) to jointly advance green hydrogen-based mobility and derivative projects within the Paradip Port ecosystem. The collaboration aims to establish infrastructure for hydrogen production, storage, and transport — key components in building India’s emerging hydrogen economy.
An NTPC Green Energy official described the agreement as a “strategic move to integrate port-led hydrogen mobility and create a scalable model for other coastal industrial zones.” The partnership is aligned with the Government of India’s National Green Hydrogen Mission, which targets an annual output of five million metric tonnes of green hydrogen by 2030.
The initiative also supports the decarbonisation of maritime operations and logistics, offering a sustainable fuel alternative for port vehicles, vessels, and nearby industrial consumers. Paradip, one of India’s busiest ports, is strategically positioned to become a hydrogen hub serving the eastern coastal corridor.
Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, has consistently emphasised the importance of developing “green ports” through renewable and hydrogen energy adoption — a vision reinforced by this collaboration between NTPC Green Energy and Paradip Port Authority.
Wind Energy Expansion in Gujarat Strengthens Renewable Portfolio
Simultaneously, NTPC Green Energy has expanded its renewable generation capacity with the commissioning of 9.90 MW of wind energy at its 92.40 MW wind power project in Bhuj, Gujarat. This addition reinforces the company’s commitment to accelerating renewable capacity expansion across both wind and solar domains.
NTPC Green Energy has set an ambitious goal to achieve 60 GW of green energy capacity by 2032, positioning itself among India’s leading renewable energy developers. The company’s ongoing projects include solar-wind hybrid parks, battery energy storage systems, and emerging hydrogen ventures.
Strong Financial Performance Underlines Business Viability
Financially, NTPC Green Energy reported impressive results in the first quarter of the current fiscal year. The company’s net profit surged 59% year-on-year to ₹220 crore, while revenue grew 17.6% to ₹680 crore. Operating margins remained robust, with EBITDA rising 17.8% to ₹603 crore, translating to a strong 88.6% EBITDA margin — an indicator of the company’s operational efficiency and maturing renewable portfolio.
Industry experts noted that the company’s financial resilience demonstrates the commercial viability of India’s public-sector-led green transition. “NTPC Green Energy’s profitability and project execution track record make it a model for integrating financial performance with sustainability,” said an energy analyst.
Driving India’s Clean Energy Transition
Officials stated that NTPC Ltd will soon hold a conference call with investors to discuss its second-quarter and half-yearly results, highlighting its expanding focus on renewable and hydrogen energy assets.
By combining strong financial growth with an accelerated push into clean energy, NTPC Green Energy is positioning itself as a key driver of India’s sustainable infrastructure. Its integrated strategy — spanning wind, solar, and hydrogen — reflects the broader shift among India’s public-sector energy companies toward climate-resilient and future-ready energy ecosystems.
With the Paradip Port partnership and its growing renewable capacity, NTPC Green Energy is not only contributing to India’s decarbonisation goals but also shaping the future of green industrial growth along the nation’s coastline.
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