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NTPC Green Energy Limited (NGEL) has issued a notice inviting an Expression of Interest (EOI) for the acquisition of operational renewable energy (RE) solar assets across India. The notice, dated May 17, 2025. NGEL is seeking participation from RE companies that operate solar projects with a minimum cumulative installed capacity of 50 megawatts (MW). A key requirement for eligibility is that these projects must have an existing Power Purchase Agreement (PPA) exclusively with an intermediary procurer, specifically NTPC Limited and/or NVVN Limited. The purpose of the EOI is to identify suitable solar asset owners for acquisition. NGEL plans to acquire such assets through a structured process. After evaluating the EOIs submitted, NGEL may enter into a Share Purchase Agreement (SPA) with the shortlisted companies. However, this step will be subject to necessary statutory approvals. The EOI documents can be accessed free of charge from the NTPC official tender site. Interested applicants should be aware of the following critical deadlines associated with the process: the last date to submit queries or clarifications is seven days from the issue date (T+7), which is May 24, 2025. The last date to submit the EOI response and the opening of EOI responses is ten days from the issue date (T+10), which falls on May 27, 2025. All submitted EOIs will remain valid for one year from the last submission date. Applicants are instructed to submit a soft copy of their complete EOI either by email or through the e-procurement portal. NGEL reserves the right to accept or reject any or all EOIs without assigning any reason and may cancel or withdraw the entire process at any stage. Applicants are informed that no claims will be entertained if the process is halted or cancelled by NGEL. While the document outlines various technical and submission-related details, it does not specify any Earnest Money Deposit (EMD) or Performance Bank Guarantee (PBG) requirements. Therefore, it can be inferred that no EMD or PBG is applicable under this EOI process unless otherwise notified in future communications. This EOI presents an opportunity for companies with qualifying solar assets and intermediary PPAs to engage in strategic asset transfer with NGEL, a wholly-owned subsidiary of NTPC, which continues to expand its renewable energy footprint across the country. UAE-based fabricator Lamprell has signed a memorandum of understanding with Taiwanese owner and operator Dong Fang Offshore for a newbuild wind turbine installation and maintenance vessel. The GustoMSC-designed NG-9000X vessel will be built in compliance with Taiwanese shipping law. It will feature a heavy-lift crane, DP-2 positioning, legs with spud cans for challenging conditions, accommodation quarters, and will be capable of transporting and installing two 15MW-class turbines simultaneously. The agreement outlines steps for a collaboration between Dong Fang Offshore, Lamprell, and prospective regional clients. That includes the development of a cost-effective and reliable vessel solution. “We appreciate the strong willingness and commitment of Lamprell to partner with us to develop a solution for the continued development and maintenance of offshore wind projects in Taiwan,” said Polin Chen, CEO of Dong Fang Offshore. |
