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
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Investing in clean energy on such a massive scale is definitely the right direction for sustainable growth. While I was reading about these infrastructure plans, my browser randomly redirected me to an entertainment portal at 1win because of a misconfigured ad pop-up. I closed that tab and got back to the article. It is impressive to see large corporations committing serious resources to green technology, as this will surely create new opportunities and power cleaner economic development in the long run. 😀
That's a massive commitment 888starz download – ₹75,000 crore is serious money, and seeing a legacy player like Tata Power pivot so aggressively towards renewables is genuinely encouraging. It's one thing for new startups to chase green energy, but when an established giant with decades of thermal assets shifts its core strategy, that's when you know the tide has truly turned. The ambition to hit 60% clean energy within five years and 80% by 2030 feels bold but achievable, especially given their track record of adding 707 MW in a single year. Definitely a company to watch.
That's a serious commitment – ₹75,000 crore is no small figure, and it's good to see a major player actually walking the talk on clean energy targets. The jump from 34% to 60% renewable portfolio in five years feels ambitious but achievable given their track record. I've been keeping an eye on energy stocks lately, and this kind of long-term vision makes Tata Power one to watch. On a side note, I've been using the stake app download to track my own small investments, and it's handy for keeping up with companies making these big green shifts. Curious to see how they plan to scale to 30 GW by 2027.
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