ONGC-NTPC's ₹6,600 Crore Green Energy Deal-A Big Move

ONGC-NTPC Buys Ayana Renewable for ₹6,600 Crore* ONGC NTPC Green Pvt. Ltd (ONGPL) is making a massive push into renewable energy by acquiring Ayana Renewable Power for ₹6,600 crore. This deal is one of the largest in India's green energy sector. Ayana, backed by National Investment and Infrastructure Fund (NIIF), also has investments from the UK’s British International Investment (BII) and Eversource Capital, which together put $1 billion into the company. Big Plans for Green Energy Growth Ayana currently has a 4.1 GW portfolio of solar and wind projects in states like Andhra Pradesh, Tamil Nadu, and Gujarat. It plans to expand to 10 GW by 2025. Meanwhile, NTPC already has 14.69 GW of renewable energy capacity and aims to reach 60 GW by 2032. This acquisition is a key milestone for ONGPL, accelerating its journey toward clean energy. Why This Deal Matters? India's renewable energy sector is booming, with a total capacity of 217.62 GW. In 2024 alone, solar energy grew by 24.5 GW, and wind energy by 3.4 GW. With rising power demand, more companies are entering this space. Recent deals include JSW Neo Energy buying O2 Power for $1.47 billion and Actis LLP acquiring Stride Climate Investments for $325 million. India’s Green Energy Future With this acquisition, ONGC and NTPC are strengthening their commitment to net-zero emissions by 2038 and 2050, respectively. As the country shifts towards cleaner energy, such big deals will play a crucial role in shaping India’s sustainable future.