Tata Power to ramp up renewable capacity fourfold; plans $ 5 bn push

The company has said previously it expects as much as half of its capacity to be based on non-fossil fuels by 2025 compared to 30% now

Tata Power Co., one of India’s largest private power utilities, is planning to invest as much as $5 billion to ramp up its renewable capacity fourfold, according to its top executive.

The 103-year-old power utility plans to increase its clean-energy capacity to 12,000 megawatts by 2028, Chief Executive Officer Praveer Sinha said. That would require an investment of as much as Rs 40 million ($594,000) a megawatt, he said. According to Bloomberg calculations, that works out to a total investment of as much as 360 billion rupees.
 

“Renewables is our big space. This is something that we want to go big