India continues to hit impressive renewable energy milestones on its path to Net Zero by 2070. Targeting emissions reductions in the energy sector, India's largest power company, NTPC, signed an agreement with Sustainable Energy for All (SEforALL) to support their transition to clean energy.
Under the agreement, SEforALL will support the development of NTPC's comprehensive energy transition roadmap aligning with country's energy security, development priorities, and net-zero commitments. The roadmap will include modelling of multiple scenarios reflecting NTPC's short-, mid- and long-term strategic horizons, estimating investments needs, identifying diversification opportunities and the socio-economic benefits that come with shifting to cleaner energy systems.
NTPC's role in energy transition is visible on the ground through pioneering R&D and large-scale deployments of green hydrogen pilot projects, floating solar photovoltaic (FSPV) systems, battery energy storage systems (BESS), pumped storage hydropower, and carbon capture and utilization (CCU).
Established in 1975, NTPC has powered India through its industrialization and urban expansion. In 2021, NTPC became the first major utility to commit to a UN Energy Compact identifying ambitious targets, including installing 60 GW of renewable energy capacity by 2032. With installed capacity primarily from thermal power plants, the company has rapidly increased its share of renewable energy in solar, wind and hydro installations, becoming an instrumental driver of country's energy security by contributing close to one fourth of the entire electricity production.
Supporting Quotes
"Our aim is to foster responsible, sustainable economic development through an energy strategy that champions energy security, social inclusiveness, environmental stewardship, and growth powered by data, technology, and innovation. This agreement positions us to meet the rising demand from communities and industry while keeping us at the leading edge of the energy transition." Gurdeep Singh, Chairman and Managing Director, NTPC.
"India continues to show climate leadership on the global stage moving beyond commitment to concrete actions while demonstrating that the energy transition in emerging countries can co-exist alongside economic development. We are excited to support NTPC to co-create net zero roadmap for the energy giant of India. I laud NTPC for its commitment to transitioning to cleaner energy sources." Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All.
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