Tata Power Company is planning to invest over Rs 75,000 crore in renewables in the next five years and aims to have an electricity generation capacity of 30 GW during the same period with more than half coming from clean energy sources. Currently, the company has a generation capacity of 13.5 GW with 34 per cent contributed by renewable energy sources.
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 current levels of 34 per cent to 60 per cent by 2027 and 80 per cent by 2030. The company has planned a Rs 14,000 crore consolidated capex in FY23 with Rs 10,000 crore in renewables. Tata Power added renewable energy capacity of 707 MW in FY22.
Tata Power Company is India’s largest integrated power company.