Tata Power transitioning from solar and wind to hybrid renewable energy market: N Chandrasekaran

Tata Power is shifting from a sole solar and wind company to a dominant force in the hybrid renewable energy market. The company is prepared to participate in future nuclear power development and is preparing for the opening of the nuclear sector for private participation.

Tata Power is transitioning from a sole solar and wind company to a dominant force in the hybrid renewable energy market and is prepared to participate in future nuclear power development. The company is also primed for the anticipated opening up of the nuclear sector for private participation. As the company grows, it remains committed to.

In the past year, Tata Power entered into a strategic partnership with Bhutan’s Druk to develop 5 GW of cross-border renewable energy and hydropower projects. Work has commenced on two important hydro projects, the 600 MW Khorlochhu project in Bhutan and the 1000 MW Bhivpuri pump storage project in Maharashtra.

The 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu, has been fully commissioned and stabilised during the year. The plant is a testament to Tata Power’s commitment to nation building and providing an energy-secure future to the country.

N Chandrasekaran, Chairman, Tata Power, said in the company’s 106th annual general meeting, “We are transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable energy market.”

Tata Power has also transitioned to a direct consumer-facing company, offering rooftop solar and EV charging solutions, making it the top rooftop solar company in India. The company’s Ghar Ghar Solar campaign is aligned with the PM’s Surya Ghar Yojana, and the company is well set to meet its ambition of solarising India.

Tata Power, with one of the largest EV charging networks in the country, has demonstrated its commitment to empowering consumers to make green choices confidently. N Chandrasekaran further said, “The company has also won transmission projects worth more than 4,800 crore in the past year. This brings its total portfolio to over 7,000 ckm including a pipeline capacity of more than 2,400 ckm.”

 By offering customisable, scalable and end-to-end clean and green energy solutions, Tata Power is promoting net-zero journeys and providing round-the-clock sustainable power to industries and consumers worldwide.