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Tata Power plans to invest Rs 55,000 crore in wind and solar power power generation in Tamil Nadu over the coming 5- 7 times as the Tata group establishment expands its green energy focus. " We're looking at investing Rs 70,000 crore for 10 GW of power across wind and solar over a period of 5- 7 times," the establishment's MD & CEO Praveer Sinha told Business Today on the sidelines of the Global Investors Meet 2024 on Sunday.
He clarified that the sum includes investments to the tune of Rs 15,000 crore which have formerly been committed to functional as well as under- construction systems in south and central Tamil Nadu. So, the net new investments are around Rs 55,000 crore which will be blazoned officially on the peak's day two on Monday. The establishment has set its sights on 70 clean and green energy product by 2030, and 100 by 2040. presently, the green energy share is under 40.
Sinha added their investment commitment to renewable power capacity in the southern state is owing to its high wind pets and ample sun. The wind- solar energy split would be 50- 50, ie, 5GW each, he said. Tamil Nadu will be one of the countries with the maximum power generation capacity for Tata Power, he said. " We also get good gift then.
For the new manufacturing factory we're setting up in Tamil Nadu, we're retaining people from areas within 50- 100 km compass. Out of the 2,000 drivers, 80 will be women drivers. We've formerly onboarded nearly 1000 women," he said, pertaining to their forthcoming greenfield4.3 GW solar cell and module manufacturing factory in Tirunelveli.
The company also has a solar cell and module manufacturing factory of 500 MW capacity in Bengaluru. Tata Power is also India’s biggest EV charging provider with about 70,000 home dishes and 5,000 public dishes in colorful corridor of the country." Over the coming five times, we plan to add 25,000 EV dishes, substantially home dishes," he said.
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