AMPIN Energy Transition Secures 246MWp Bid at NTPC Auction

AMPIN Energy Transition, a key player in India’s renewable energy sector, has once again proven its leadership in the industry by securing a significant win at NTPC’s Hybrid 02 Auction. This achievement further strengthens its place among the top renewable energy companies in India to shape a sustainable future through green initiatives.

The auction, held in August 2024, was aimed at awarding 1,200 MW of wind-solar hybrid power from projects connected to the inter-state transmission system (ISTS). The capacity of the auction was also enhanced by a greenshoe option, providing an additional 600 MW.

NTPC’s Hybrid 02 Auction

The Hybrid 02 Auction organised by NTPC was a major event in the renewable energy sector, reflecting India’s accelerated efforts to transition to clean energy. The auction sought to procure 1,200 MW of hybrid power, with a notable greenshoe option of up to 600 MW. The greenshoe option allows bidders to take on extra capacity beyond the initial auction. This makes the process more flexible

The minimum project size was set at 50 MW, with the option to bid in multiples of 10 MW, allowing bidders to consider a range of scalable options.

Auction Key Facts:

• 1,200 MW hybrid power capacity
• Additional 600 MW through a greenshoe option: 
• Minimum project size: 50 MW

The auction was important for India’s clean energy goals. It focused on sourcing power from wind-solar hybrid projects that connect to the national grid. This ensures renewable energy flows smoothly across states. This is a key step in enabling the transmission of renewable energy in India across states, supporting the national objective of achieving 500 GW of non-fossil fuel-based power capacity by 2030.

AMPIN Energy Transition’s Winning Bid

AMPIN Energy Utility, the dedicated arm of AMPIN Energy Transition, successfully won a 150 MW capacity, equivalent to 246 MWp, at a competitive tariff of ₹3.44 per unit. This achievement is a testament to AMPIN’s expertise in the renewable energy market and its capability to execute large-scale projects efficiently. The 246 MWp allocation will play a crucial role in bolstering AMPIN Energy Transition’s already robust portfolio of renewable energy projects.

By securing 246 MWp at such a competitive tariff, AMPIN Energy Transition is positioned to significantly contribute to India’s renewable energy goals while ensuring long-term financial viability and stability for the projects. The company’s success in the auction highlights its strong market presence and its ability to secure key projects in the highly competitive Indian renewable energy landscape.

What Does This Win Mean for AMPIN Energy Transition?

Winning this bid at the NTPC auction is an important milestone for AMPIN Energy Transition as it expands its footprint in the renewable energy sector. The secured capacity will be integral to the company’s portfolio, adding to its impressive list of ongoing and completed projects. This win strengthens AMPIN Energy Transition’s position as a leading independent power producer (IPP) in India’s energy transition journey.

With this bid, the company continues to demonstrate its ability to provide reliable, affordable, and sustainable renewable energy solutions to meet the growing power demand of the country.

This success also aligns with AMPIN Energy Transition’s mission to lead the charge in India’s energy transition, creating a greener and more sustainable future. As the company secures more such projects, it contributes not only to the country’s clean energy ambitions but also to its own growth as a top-tier renewable energy provider.

Looking Ahead

The NTPC Hybrid 02 Auction is just one of many opportunities for AMPIN Energy Transition to continue driving India’s renewable energy transformation. As India moves towards its renewable energy targets for 2030 and beyond, AMPIN Energy Transition is well-positioned to play an integral role in powering the nation with clean, green energy.

With a robust portfolio of 5 GWp, a late-stage pipeline of 2 GW, and an ambitious target of 25 GW by 2030, AMPIN Energy Transition stands at the forefront of India’s renewable energy revolution. These milestones underscore the company’s commitment to delivering sustainable solutions and accelerating the nation’s green energy journey.

With this recent 246 MWp win, AMPIN Energy Transition is set to make a significant impact on India’s renewable energy landscape, providing a boost to both the economy and the environment. As the company continues to innovate and expand its renewable energy projects, it remains committed to delivering sustainable power solutions that support India’s clean energy future.

With continued success and dedication, AMPIN Energy Transition is poised to lead the way in India’s green energy revolution.