Tata Power plans to boost renewable capacity fourfold by 2027: Report
Tata Power Co. is targeting a near fourfold growth in its renewable generation capacity to 15 gigawatts by 2027 as the country’s second biggest private generator seeks to decarbonize operations.
The unit of Tata Group, one of India’s oldest conglomerates, has four gigawatts of operating renewable electricity capacity and another four gigawatts are under implementation, Praveer Sinha, chief executive officer, said in an interview at the sidelines of the Vibrant Gujarat summit.
“This will be a mix of solar and wind across many Indian states,” Sinha said, adding the company’s thrust to build pumped hydropower projects, a form of energy storage where two water reservoirs are built at different heights and water flowing down from the upper reservoir to the lower helps generate electricity.
