On Thursday, Tata Power declared they would invest over Rs. 75,000 crores in renewables for the next five years. As both the companies Adani group and Reliance Industries (RIL) are rivals, they boost their clean energy portfolio with India against green fuels from fossil fuels.
At the company’s annual general meeting, Tata Powers chairman N Chandrasekaran said, “the organization aims to have an electricity generation capacity of 30 GW, at the same time with more than half coming from clean energy sources.”
Currently, Tata Power has a 13.5 GW generation capacity, from which renewable energy sources have contributed 34 per cent.
Chandrasekaran also added that “the company is seeking to scale its generation capacity to over 30 GW by FY’27 from its current 13.5 GW with an enhanced clean energy portfolio from present per cent level, i.e., it should increase from 34 per cent to 60 per cent till 2027 and 80 per cent till 2030.”