NTPC Green Energy Adds 165 MW Solar Capacity as Khavda-II Unit Begins Commercial Operations

NTPC Green Energy Limited declared the second part capacity of 165 MW under its 1,200 MW Khavda-II Solar PV Project in Gujarat operational from 00:00 hrs, lifting the group’s installed base, as per a Regulation 30 disclosure to exchanges.

Commercial Operation Of 165 MW At Khavda-II

In its filing dated 20 February 2026 (Ref. No.: 01: SEC), the company informed the National Stock Exchange of India and BSE Limited that the additional 165 MW capacity has been commissioned at the Khavda-II Solar PV Project located in Gujarat.

The project is housed under NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited. The declaration has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prompt disclosure of material events.

Following this addition, the current commercial capacity of NTPC Green Energy Limited Group stands at 8,827.68 MW. With the newly operational 165 MW, the total installed capacity has increased to 8,992.68 MW, according to the regulatory communication signed by Manish Kumar, Company Secretary & Compliance Officer.

For context, a declaration of commercial operation date (COD) signifies that the asset has met required technical and contractual parameters and is eligible to begin revenue generation under applicable power purchase arrangements.

Market Snapshot

Shares of NTPC Green Energy Limited were trading at ₹89.91, down ₹0.60 or 0.66% on the day, as of 12:45 pm IST on 20 February 2026, according to exchange data.

The stock opened at ₹90.26 and an intraday high of ₹90.61 and a low of ₹89.75 so far in the session. The previous close stood at ₹90.51.

The company’s market capitalisation was reported at ₹76,260 crore. The stock’s 52-week high and low levels were ₹117.64 and ₹84.05, respectively.

Company Background

NTPC Green Energy Limited is the renewable energy arm of NTPC Limited, focused on scaling solar, wind and hybrid capacity across India. It operates through subsidiary platforms, including NTPC Renewable Energy Limited, to execute utility-scale clean energy projects.

The Khavda renewable energy zone in Gujarat has emerged as a key site for large-format solar installations, backed by transmission infrastructure and central offtake arrangements. Capacity additions at such clusters form part of the broader expansion strategy aimed at accelerating non-fossil generation within the NTPC group portfolio.

Conclusion

The commissioning of the 165 MW tranche at Khavda-II marks another incremental addition to NTPC Green Energy’s operating fleet. With group installed capacity nearing the 9 GW mark, further phased commissioning at the 1,200 MW project may remain a monitorable development in subsequent disclosures.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/7166306e-7855-4d34-b0c9-d6c0b5317fd3.pdf