New Delhi:Â State-owned NTPC has signed a 300 MW power purchase agreement (PPA) with Evren, a renewable energy platform backed by Brookfield and Axis Energy, to supply firm and dispatchable renewable energy.
The agreement between NTPC and Evren will contribute to the development of nearly 1 GW of hybrid renewable energy infrastructure, combining solar, wind and battery storage components.
Focus on Peak-Hour Power Supply
The project is aimed at providing consistent renewable energy output, particularly during peak demand hours. Designed as a 300 MW Firm and Dispatchable Renewable Energy (FDRE) facility, the system will leverage battery storage alongside solar and wind energy to stabilise power delivery. This move aligns with NTPC’s efforts to ensure reliable renewable power availability for power distribution companies (discoms), while supporting their compliance with renewable energy and storage obligations.
Aligning with National Energy Goals
India has been pushing for an energy transition that ensures not just clean energy generation but also supply reliability. This initiative supports that objective by prioritising energy availability when demand is at its highest, addressing one of the key limitations of conventional renewables.
Brookfield-Axis JV Expands Presence
Evren, the platform executing the project, was launched as a joint venture between Brookfield and Axis Energy. It currently has a total portfolio of over 11 GW, including 7 GW in late and mid-stage wind and solar projects across the country. With this new agreement, Evren strengthens its footprint in India’s growing hybrid renewable energy sector.
While financial details of the PPA were not disclosed, the development is part of a broader push to build more firm and dispatchable clean energy capacity that meets evolving grid requirements.
The NTPC-Evren agreement highlights a shift towards structured renewable energy solutions that go beyond intermittent supply and focus on grid stability and peak-hour performance.
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