Connect with us

Hi, what are you looking for?


Green Economy

India’s Largest Power Generator, NTPC, To Issue Green Bonds Worth $500 Million

Yet another green bond issue is in the offing from an Indian entity.

NTPC Limited (formerly National Thermal Power Corporation) is planning to raise $500 million through a green bond issue. The company will also raised an additional $500 million through conventional rupee-denominated bonds.

The funds raised through these bond issues, certainly the green bond issue, are expected to be used for setting up the 10 GW solar power capacity that NTPC has pledged to contribute towards India’s target to achieved 100 GW solar power capacity by 2022.

NTPC has already started the process of adding large-scale solar power projects in variou states of the country. The company has been asked by the state governments of Andhra Pradesh, Rajasthan, Telangana, and Madhya Pradesh to set up large-scale power projects for which it has issued tenders worth 1.25 GW solar PV power capacity. All these projects will use solar PV modules manufactured in India only.

The bond issue by NTPC would be among the first after the Indian government directed several of its enterprises and agencies to issue green bonds to raise funds to finance the ambitious renewable energy capacity addition targets. This year, Yes Bank (a private company) raised about $150 million and the Export-Import Bank of India raised $500 million through green bond issue.

Last month, at least 8 financial and infrastructure entities were asked to tap the green bonds market. Public sector entities like Rural Electrification Corporation, Power Finance Corporation, IDBI Bank, Indian Renewable Energy Development Agency, and private sector entities like India Infrastructure Finance Limited, and ICICI Bank have all been asked to issue green bonds.

India plans to increase its renewable energy capacity from current 35 GW to 175 GW by 2022. This includes fresh solar power capacity addition of 97 GW.

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.


#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.


Support our work today!


Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports


EV Sales Charts, Graphs, & Stats


Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

In a major boost to its aggressive plans to increase renewable energy generation, India’s largest power generation company has secured approval to set up...

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

Two public sector giants in India’s energy sector have come together to set up offshore wind energy projects. According to media reports, power generation...

Clean Power

India’s largest vertically integrated power company in the private sector has thrown its weight behind renewable energy. The Chairman of Tata Power has announced...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.