This hybrid park exemplifies our commitment to reliable renewables and aligns with NTPC’s target of 60 GW green capacity by 2032,” said the NTPC Managing Director at today’s press briefing
As part of its goal to reach 60 GW of renewable capacity by FY 2032, NTPC Green Energy Ltd. (NGEL)—the renewables arm of India’s largest power utility—has announced the development of a 1 GW ISTS-connected wind-solar hybrid park in Gujarat. This initiative leverages NTPC’s proven project-management capabilities and the state’s strong resource potential to deliver dispatchable clean power to commercial and industrial customers.
Project Details and Structure
The hybrid park will combine approximately 500 MW of wind turbines with 500 MW of solar PV, sharing common pooling substations, evacuation lines, and land parcels. By routing the combined output through the interstate transmission system (ISTS), NTPC ensures reliable grid access and long-term offtake through 25-year power-purchase agreements with corporate buyers. Projects must commission within 24 months of PPA signing and adhere to a minimum combined capacity-utilization factor (CUF) of 40 percent.
Previous NTPC Hybrid Tenders and Outcomes
NTPC has methodically built its hybrid auction portfolio since mid-2023:
| Tranche | Capacity | RfS Issued | Bidders / Scale-up | Results / Tariffs | Status |
| I (July 2023) | 1 GW | July 2023 | Five leading developers (Adani Green, ReNew Power, etc.) | Awarded at ₹3.43–3.46 /kWh | All projects achieved financial closure within 3 months |
| II (Dec 2023) | 0.5 GW | December 2023 | Same core cohort of hybrid developers | Bids clustered at ₹3.40 /kWh (2 % ↓ vs. Tranche I) | First 200 MW commissioned by August 2024; remaining on track for Dec 2025 completion |
| III (Mar 2024) | 1 GW | March 2024 | Scale-up RfS doubled to 1 GW | Tariffs fell to ₹3.38–3.42 /kWh; two bidders faced penalties | Defaulting bidders restructured finance and resumed construction |
These successive auctions underscore NTPC’s methodical scaling and de-risking of hybrid assets: each tranche tightened technical criteria on minimum CUF, shared-infra utilization, and bidder eligibility. Notably, the downward tariff trend—driven by falling equipment costs and stronger developer balance sheets—signals robust market maturity.
Implications
By co-locating resources, the NTPC park will smooth generation profiles—wind peaks at night and solar at midday—boosting blended CUFs to over 40 percent and reducing curtailment. Shared infrastructure lowers per-MW costs and environmental footprints, improving bankability. Successful execution will reinforce NTPC’s hybrid-park playbook and catalyze further ISTS-connected hybrid projects nationwide.
Stakeholder Perspectives
A senior executive at ReNew Power noted, “Template PPAs and clear technical standards have de-risked revenue streams, allowing us to secure project finance within weeks of bid awards.”
Gujarat Energy Minister commented, “Coordinated land banks and single-window clearances have been instrumental in fast-tracking green projects.”
With the 1 GW park now officially greenlit, NTPC will issue detailed tender documents within 30 days, inviting bids from pre-qualified developers. Letters of Award (LoAs) are expected by Q4 2025. If all goes to plan, the first hybrid units will start supplying firm power by mid-2027—helping Gujarat meet its industrial and C&I renewable targets while setting a national benchmark for large-scale, dispatchable clean energy.
