Tata Power plans to invest 75k cr INR (approx 9 billion Euros) in Renewable Energy

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