Tata Power plans to invest 75k cr INR (approx 9 billion Euros) in Renewable Energy
- IICCI
- Jul 8, 2022
- 1 min read
Updated: Jul 11, 2022
Tata Power plans a capital expenditure of ₹75,000 INR crore (approx 9 billion Eur) in the renewable energy space over the next five years.
Speaking at the annual general meeting of the company, Tata Power Chairman Natarajan Chandrasekaran said that the company continues with a more focused and pragmatic approach to achieve the set renewable energy targets and has added 707 MW of renewable capacity during FY22.
“This has increased our clean and green portfolio to 34% of total capacity and the company aims to raise it to 60% in the next five years," he said.
He further said that Tata Power is looking to scale its Generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from and by 2030 the company is eyeing to increase the share of renewable energy and 80% by 2030.
Courtesy: LiveMint
75k crore is a massive statement of intent for the Indian energy sector, and it’s honestly refreshing to see a major player like Tata actually putting that kind of capital behind a 2030 net-zero goal. I’ve been following their transition from coal to renewables for a while now, and it’s interesting how these huge financial shifts always spark so much debate on investment forums about where the real value lies. It actually reminds me of a conversation I had with a buddy who was analyzing the risk-to-reward ratios on a plinko casino; whether it's billions in solar or a few bucks on a game, everyone's just trying to figure out if the physics and the math actually back up the…
The investment plan by Tata Power in renewable energy is truly inspiring and a big step toward a sustainable future. It is always great to see companies focusing on eco friendly solutions that benefit both the environment and society. Just like renewable energy focuses on long term value a leather coat jacket mens offers lasting quality and timeless style that never fades with trends.
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Tata Power plans to invest ₹75,000 crore over the next five years to boost its renewable energy capacity. This move aligns with India's clean energy goals and Tata’s target of 80% green power by 2030 srd 350 helps in effective financial planning