NHPC Limited has announced plans to invest Rs 55 billion in Bihar’s renewable energy sector as part of its efforts to support India’s energy transition. It is set to sign a memorandum of understanding with the state government for projects, including solar power, floating solar, and battery storage solutions. The company also emphasised the substantial scope for renewable energy projects with battery storage to ensure the round-the-clock supply of green power.
Furthermore, NHPC sought the state government’s assistance in facilitating investments from central public sector undertakings (PSUs), particularly in obtaining approvals and land acquisition for the projects. It cited delays in acquiring land for SJVN’s two renewable energy projects in Bihar as an example of existing challenges.
Earlier this month, NHPC Limited signed a MoU with the Global Green Growth Institute (GGGI) to advance clean energy solutions, including agrivoltaics, green hydrogen, and sustainable financing. NHPC and GGGI will collaborate on integrating renewable energy technologies with agricultural practices, developing green hydrogen projects, and driving investments in green energy initiatives.
