The Street is enthusiastic about renewable energy right now, as evidenced by Premier Energies’s listing earlier this month, but experts point to NTPC Green's less-than-stellar track record on executing projects.

NTPC Green Energy Ltd (NGEL), the renewable energy arm of state-run power giant NTPC Ltd, has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) aimed at raising Rs 10,

India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market.

The NTPC Green Energy IPO will consist entirely of new shares, with no existing shareholders selling their stake.

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.19bn. The IPO will consist solely of fresh equity shares, with no offer-for-sale aspect.

State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years.

As investors await further details, here is a comprehensive analysis of the strengths, weaknesses, opportunities, and threats of the NTPC Green Energy, as described in the DRHP papers: ntpc green ener