Despite tariff concerns, Tata Power to grow renewable energy biz

Even as solar and wind power tariffs are yet to settle at sustainable levels Tata Power is looking to scale up its renewable energy capacity five-fold in the next two years.

“Tata Power is looking to scale up its renewable energy capacity in the next two years. We can grow this business three-four times in the next five years, as we have the capability and the know how for both hardware (solar panels) and software. We can be a game changer in this,” Praveer Sinha, MD and CEO, Tata Power told BusinessLine.

Currently, Tata Power has around 3,417 MW in clean energy capacity and has committed to invest $1 billion in renewables.