To expand its green energy focus, the Indian group-affiliated Tata Power plans to spend Rs 55,000 crore in wind and solar power generation over the subsequent 5-7 years within Tamil Nadu.
“We are planning to invest Rs 70,000 crore towards developing 1o GW of power including wind and solar over the next period of five-seven years,” MD & CEO Praveer Sinha was quoted as saying by Business Today on Sunday during Global Investors Meet. He clarified that the total included Rs 15,000 crore worth of investments already committed to operational as well as under-construction projects in south and central Tamil Nadu.
70% of clean and green energy production is the target identified by the firm to be achieved in the year 2031, while its aim on this course is Green energy accounts for less than 40%.
Sinha included their promise to invest in renewable power capacity within the southern area as they have high wind speeds and plenty of sunlight. 50-50 split, i.e., 5GW each from wind — solar energies.
He added that Tamil Nadu will be one of the states with the highest capacity to generate power for Tata Power.
“We also find good talent here. For the new manufacturing plant that we are establishing in Tamil Nadu, we will be hiring people from areas around 50km and close to a hundred km radius. 80% of the 2,000 operators will be women. He said, “We are already bringing on board nearly 1000 women,” referring to their upcoming one.
4.3 GW solar cell and module plant in Tirunelveli Greenfield.
The company also has a solar cell and module manufacturing plant in Bengaluru with a 500 MW capacity.
Tata Power also serves as India’s largest provider of EV charging, with over 70000 homes and about 5,000 public chargers in different areas across the nation. “Over the next five years, we will have added 25,000 EV chargers for EV owners, mainly home chargers,” he says.
