ICICI Securities: NTPC Committed On The Renewable Energy Front
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ICICI Securities Report
With a lofty target of 32 giga watt of renewable energy capacity by FY32, NTPC Ltd.’s RE strategy is beginning to take shape.
Its recent Solar Energy Corporation of India bid win affirms its competitiveness among global and domestic peers.
We believe NTPC’s key strengths in its RE transition includes (but not limited to): strong balance sheet, comparatively low cost of debt, experience in RE projects aiding shape cost-reduction strategies, and its relationship with states helping ease the land acquisition (through ultra mega renewable energy power parks)/power purchase agreement hurdles.
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