NTPC Green Energy Hits 8.31 GW Milestone: 300 MW Bhadrla Solar Project Goes Live!

• Published
• By Anupam Nath

NTPC Green Energy Limited, a powerhouse in India's renewable sector, has just commissioned 300 MW of its massive 500 MW Bhadrla Solar PV project in Rajasthan. This achievement catapults the group's operational renewable portfolio to 8,310.28 MW (8.31 GW), marking a significant leap in India's clean energy journey. Located in the vast Bhadrla Solar Park—one of the world's largest—the project underscores NTPC's aggressive expansion in solar power, aligning perfectly with India's ambitious 500 GW non-fossil fuel target by 2030.

The commissioning follows the issuance of completion certificates by relevant authorities, signaling the project's entry into commercial operations. This phased approach—300 MW out of 500 MW now live—demonstrates NTPC's disciplined execution strategy. Executed through its wholly-owned subsidiary, NTPC Renewable Energy Limited, the Bhadrla project is a cornerstone of the company's utility-scale solar expansion roadmap.

Bhadrla Solar Park in Rajasthan's Phalodi district isn't just any solar farm; it's a symbol of India's solar revolution. Spanning thousands of acres in the Thar Desert, it benefits from high solar irradiance, making it ideal for large-scale PV installations. NTPC's venture here positions it shoulder-to-shoulder with giants like Adani Green Energy and Tata Power, intensifying competition in the sector.

This milestone pushes NTPC Green's installed capacity beyond the 8 GW mark, from 8,010.28 MW to 8,310.28 MW. It's not merely a numbers game—it's a strategic boost to the company's revenue streams through power purchase agreements (PPAs) and merchant sales. With tariffs dropping and module costs plummeting, solar projects like Bhadrla offer attractive IRRs, drawing investor interest amid India's green energy boom.

India's renewable energy landscape is transforming rapidly. The government aims for 500 GW of non-fossil capacity by 2030, with solar leading at over 280 GW targeted. NTPC Green, as a subsidiary of the state-owned NTPC Ltd., plays a pivotal role. Its diversified portfolio includes solar, wind, hybrid projects, and emerging green hydrogen initiatives. Recent wins like the 4.7 GW SECI tender further solidify its position.

The Bhadrla project's strategic importance cannot be overstated. Phased commissioning minimizes risks, ensures grid stability, and allows for technology upgrades mid-way. NTPC employs bifacial modules and advanced trackers here, optimizing yield in dusty desert conditions. This project also supports Rajasthan's solar hub ambitions, creating jobs and boosting local economies through backward integration in manufacturing.

Financially, NTPC Green Energy's stock reacted mildly to the news. On January 16, 2026, shares traded at ₹91.40, down 0.38% from the previous close. Despite the dip, analysts remain bullish. The company's order book exceeds 20 GW, with execution visibility till 2030. EBITDA margins from renewables outpace thermal assets, promising robust cash flows. Investors eye NTPC Green as a pure-play green stock, especially with PLI schemes favoring domestic manufacturing.

Comparing peers, NTPC Green trails Adani Green (10+ GW operational) but leads in execution speed. Suzlon and Waaree Energies supply components, fostering an ecosystem. Upcoming battery energy storage systems (BESS) integrations could make Bhadrla a round-the-clock (RTC) power plant, fetching premium tariffs under recent SECI bids.

Challenges persist: land acquisition delays, grid evacuation bottlenecks, and import duties on modules. Yet, NTPC's government backing and in-house EPC capabilities mitigate these. The company's foray into green hydrogen—via electrolyzers powered by solar—positions it for the next wave, aligning with national strategies like the National Green Hydrogen Mission.

This commissioning reinforces NTPC Green's role in India's energy transition. From coal-dependent utility to renewable leader, NTPC is pivoting swiftly. Bhadrla's success paves the way for more gigawatt-scale parks in Gujarat, Andhra Pradesh, and beyond. As EV adoption surges and data centers demand green power, solar majors like NTPC will thrive.For investors tracking Angel One or Upstox, NTPC Green offers growth potential. Monitor Q4 FY26 results for PPA updates and capex plans. With valuations at 40-50x PE, it's a high-conviction bet on India's $500 billion renewable capex cycle.

In conclusion, the 300 MW Bhadrla milestone isn't just operational—it's a testament to India's solar supremacy. NTPC Green Energy is charging ahead, powering a sustainable future one gigawatt at a time.