Private thermal projects are staring at muted power demand, which is the effects of non-remunerative tariffs partly due to aggressive bids and some adverse perception due to falling renewable tariff, says India Ratings and Research (Ind-Ra).

Inox Wind Limited, a leading Indian wind energy solutions provider, has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from NTPC Limited, a Government of India undertaking and a Maharatna company.

India´s leading power generator, state-owned NTPC Limited, registered a 10 per cent growth in power generation in the first quarter of FY 2016-17.

NTPC Limited and Andhra Pradesh power utilities signed a power purchase agreement (PPA) for procurement of power to be generated from the 250 MW solar plant

The Indian Government has given approval to auction 15 GW solar power capacity under the National Solar Mission that will come up across various states of the country.

NTPC Limited plans to invest $10 billion to set up 10 GW of renewable energy capacity over the next five years. A large part of this capacity is expected in the form of solar power projects.

Increasing energy demand, climatic change, government initiatives and abundant untapped natural resources have been the key drivers behind the country´s movement towards renewable energy.