How Tata Power is Positioning Itself as a Key Player in India's Renewable Energy Market
Tata Power, the power generation, transmission, and distribution company of the Tata Group, is making major investments and strategic moves to position itself as a leading player in India's growing energy and renewable energy market:
Renewable Energy Generation.
Tata Power has an installed capacity of 3,927 MW of renewable energy, including 1,034 MW of wind power and a strong solar portfolio.?
The company has decided to only invest in renewable energy projects going forward, with the goal of becoming a 70% green energy company by 2030 and net zero by 2045.?Tata Power is a major player in the rooftop solar market, with a presence in over 500 cities and an 18% market share. It plans to leverage its 4.9 GW in-house solar module and cell manufacturing capacity to support the government's target of 10 million solar rooftops.?
Green Energy Solutions for Businesses
Tata Power is in active discussions to supply green energy solutions to Tata Group companies as well as other commercial and industrial customers through "group captive" renewable energy projects. This allows customers to avoid cross-subsidy charges levied by state discoms.?
The company plans to offer integrated green energy solutions, including energy planning and load management, to commercial and industrial customers, leveraging its expertise across the power value chain.?
Diversification into New Energy Businesses
Tata Power has established a nationwide network of over 3,700 public EV charging points, making it a key player in India's EV charging infrastructure.?
The company is also investing in new technologies like pumped hydro storage, with a 2.8 GW project announced in Maharashtra.?
Overall, the search results indicate that the Tata Group is making significant strategic bets on India's energy transition towards renewable and green energy solutions, both for consumers and businesses. With its diversified portfolio, manufacturing capabilities, and expertise across the power value chain, Tata Power is well-positioned to capitalize on the bright prospects of India's energy and renewable energy market.
Data from Perplexity. and read more at https://www.tatapower.com/sustainability/sustainability-tata-power.aspx