- NHPC and the Indian government invest $660 million in Bihar’s solar and green hydrogen projects, aiming for 1,000 MW of renewable energy capacity.
- The initiative will create 800 local jobs and support India’s carbon neutrality goals by 2070.
- NHPC expands its renewable energy portfolio, contributing to India’s energy transition and regional economic growth.
NHPC Limited and the Indian government have committed $660 million (INR 5,500 crores) to Bihar’s solar and green hydrogen projects. The initiative will develop 1,000 megawatts (MW) of renewable energy capacity in the state.
This project will drive India’s energy transition, helping meet climate goals and boost energy security. It will generate 800 local jobs, providing a significant economic boost to the region. The investment will also meet the growing demand for sustainable energy in Bihar and beyond.
NHPC, a leader in hydroelectric power, currently manages 7,232.90 MW of installed capacity across 22 plants. In recent years, the company has expanded into renewable energy. It operates 211.70 MW of solar power and 50 MW of wind energy. This move aligns with NHPC’s strategy to diversify its portfolio and contribute to India’s green energy goals.
Bihar has high solar potential, making it an ideal location for large-scale renewable energy projects. The government’s partnership with NHPC demonstrates its commitment to advancing clean energy solutions. This collaboration also supports India’s goal of achieving carbon neutrality by 2070.
By supporting green projects, the Bihar government fosters private sector involvement in the energy transition. NHPC’s investment will drive regional development while helping reduce greenhouse gas emissions. The initiative will provide long-term environmental and economic benefits for the state.
India’s energy transition depends on strong collaboration between the public and private sectors. NHPC’s partnership with the Bihar government reflects this growing cooperation. The solar and green hydrogen projects will help India reduce its dependence on fossil fuels and promote sustainable energy practices.
Bihar’s economy will benefit significantly from this investment. Creating 800 jobs will boost local employment and provide new opportunities in the renewable energy sector. The increased capacity will ensure a stable and reliable power supply, supporting industrial growth and community development.
The projects will contribute to India’s climate goals by reducing carbon emissions. Green hydrogen, in particular, will help decarbonise industries such as transportation and manufacturing. Bihar’s initiatives could be vital in scaling up India’s green hydrogen capacity.
NHPC’s focus on renewable energy fits into a broader push to diversify its energy mix. The company’s portfolio includes significant hydroelectric capacity, with plans to expand solar and wind energy operations further. The investment in Bihar represents one of NHPC’s most significant commitments to green energy.
NHPC and the Bihar government’s partnership marks a significant step in India’s renewable energy journey. With a combined investment of $660 million, the projects will develop 1,000 MW of clean energy capacity, create jobs, and support India’s climate goals. The initiative highlights renewable energy’s growing role in India’s energy mix and its potential to drive economic and environmental progress.