Key Takeaways
- ONGC NTPC Green has acquired a 100% equity stake in Ayana Renewable Power.
- This acquisition boosts NTPC Green Energy’s total operational capacity to 5.9 GW.
- Ayana Renewable Power’s portfolio includes 4,112 MW of capacity, with established high-credit rated clients.
Acquisition Details
ONGC NTPC Green, a joint venture between NTPC Green Energy and ONGC Green, has announced the completion of its acquisition of Ayana Renewable Power, officially finalized on March 27, 2025. This strategic move significantly enhances NTPC Green Energy’s operational capabilities, bringing its total capacity to 5.9 gigawatts (GW) across its subsidiaries and joint ventures.
Ayana Renewable Power is a key player in the renewable energy sector with a total capacity of 4,112 MW, which includes 2,123 MW that is currently operational and 1,989 MW in assets under construction. The company’s projects are located in resource-rich regions, aligning with India’s push for renewable energy expansion.
Ayana’s portfolio is notable for its backing by high-credit-rated off-takers, including the Solar Energy Corporation of India (SECI), NTPC, Gujarat Urja Vikas Nigam Limited (GUVNL), and Indian Railways. This strong financial standing makes Ayana a valuable addition to NTPC Green Energy’s holdings.
The acquisition aligns with India’s growing commitment to renewable energy and the need for diversified power generation sources. As the demand for clean energy increases, this move positions NTPC Green Energy as a key contributor to the country’s renewable energy goals while ensuring more stable and reliable energy supplies through strategic partnerships.
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