October 18, 2021 Read More →

Largest India conglomerate plans sixfold boost in renewables by 2030

Nikkei Asia ($):

Looking to scale up its green energy portfolio from 4 gigawatts at present to 25 GW by 2030, Indian electricity producer Tata Power is betting heavily on the “huge potential” that the South Asian nation of over 1.3 billion people offers in the field of renewable energy.

“For a country like India, renewable is a very good source” of energy, Praveer Sinha, Tata Power’s CEO and managing director, told Nikkei Asia in an exclusive interview, pointing out that most parts of the country have a lot of sunshine throughout the year unlike, for example, Europe, which has a lot of cloudy days and snowfall. “So for us, this is a very important opportunity to leverage and see how we can increase our generation through renewable sources.”

Sinha said the company aims to provide “excellent 24-7 renewable solutions” through a combination of solar, wind and other power sources, offering a range of services to customers.

The power generation unit of India’s largest conglomerate, Tata Group, hopes to add 2 GW of orders every year to meet its 2030 target. Clean energy currently makes up 30% of Tata Power’s portfolio, which it hopes to double by 2025.

[Kiran Sharma]

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