Investing $200 billion, Tata Power plans to build a 15-GW clean energy portfolio from the existing 9 GW, bolstering its transmission and distribution operations by 2025.
On Tuesday, Tata Power announced plans to invest $200 billion in capex during 2024-25 at the company’s 105th Annual General Meeting (AGM). This indicates a substantial increase from the $120 billion invested in FY24. This significant investment will primarily accelerate the company’s renewable energy portfolio and balance towards transmission and distribution businesses.
Tata Power also aims to increase its market share in the rooftop solar space under the PM Surya Ghar Yojana and enhance its renewable energy portfolio from 9 GW to 15 GW within five years. This expansion is expected to contribute significantly to the company’s revenue and the country’s clean energy goals. It is setting up a New 4.3GW Solar cell and module manufacturing plant in Tamil Nadu.
The company will also explore opportunities in small modular nuclear reactors once the government gives the necessary permissions and new distribution opportunities in other states as and when these opportunities arise. It serves 12.5 million consumers through its distribution business and is targeting 50 million.
Leading with 5,500 public and captive chargers in 530+ cities and 86,000+ home chargers installed. Fully geared to solarize homes through its ‘Ghar Ghar Solar’ initiative under PM Surya Ghar Yojana. Executed 2GW+ rooftop projects so far and has an order book of $28 billion.
