NLC India and PTC form JV targeting 2-GW renewables rollout

• NLC India Renewables and PTC India will create a joint venture to develop 2 GW of solar, wind and storage projects domestically.

NLC India Renewables and power trader PTC India plan to launch a joint venture to develop 2 GW of renewable energy projects across the country, with an initial 500-MW phase slated first. The JV’s remit spans solar, wind, storage and emerging green-hydrogen-linked assets, with power to be sold to state utilities, public agencies and commercial users. 

Pairing a developer with a seasoned trader is a savvy fit for India’s evolving market. PTC’s expertise in contract structuring and portfolio balancing should help de-risk offtake, while NLC brings project execution and O&M experience. Battery-equipped projects can time-shift solar into evening ramps, add fast frequency response, and improve grid resilience—attributes increasingly valued by state discoms.

The JV model also helps marshal capital at scale. Standardized procurement, bankable warranties and repeatable EPC playbooks can shorten delivery and lower costs, crucial as India races toward its 500-GW non-fossil target. If the first tranche moves on schedule, expect rapid replication across high-irradiance states with ready transmission access.