The Tata Group is also establishing a solar cell and module manufacturing facility in the state. Tata Power is also India’s largest EV charging provider, with around 70,000 home chargers and 5,000 public stations located throughout the country.
- SUMMARY
- Tata Power intends to invest Rs 55,000 crore in renewable energy generation in Tamil Nadu.
- The company’s goal is to produce 70% clean and green energy by 2030, and 100% by 2040.
- In Bengaluru, the business also operates a 500 MW solar cell and module manufacturing plant.
As the Tata group firm widens its green energy focus, Tata Power expects to invest Rs 55,000 crore in wind and solar power generation in Tamil Nadu over the next 5-7 years.
“We are looking at investing Rs 70,000 crore for 10 GW of power across wind and solar over a period of 5-7 years,” Praveer Sinha, the firm’s MD & CEO, told Business Today on the sidelines of the Global Investors Meet 2024 on Sunday. He emphasized that the number comprises investments to the tune of Rs 15,000 crore which have already been committed to operational as well as under-construction projects in south and central Tamil Nadu. So, the net new investments are roughly Rs 55,000 crore which would be revealed formally on the summit’s day two on Monday.
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The company’s goal is to produce 70% clean and green energy by 2030, and 100% by 2040. Currently, green energy accounts for less than 40% of total energy use. Sinha explained that their investment commitment to renewable power generation in the southern state is due to its strong wind speeds and abundant sunlight. He stated that the wind-solar energy split would be 50-50, or 5GW each.According to him, Tamil Nadu will be one of the states with the highest power producing capability for Tata Power.”We also attract top talent here.
” We are recruiting workers from places within 50-100 kilometers of the new manufacturing plant we are establishing in Tamil Nadu. Women will make up 80% of the 2,000 operators. “We’ve already onboarded nearly 1000 women,” he remarked, referring to their next recruitment drive.
Tirunelveli will be home to a 4.3 GW solar cell and module manufacturing factory. In Bengaluru, the business also operates a 500 MW solar cell and module manufacturing plant. Tata Power is also India’s largest EV charging provider, with around 70,000 home chargers and 5,000 public stations located throughout the country. “Over the next five years, we plan to add 25,000 EV chargers, mainly home chargers,” he added.
Frequently asked question
What are the new projects of Tata Power in Tamilnadu?
The facility would support TP Solar’s 4.3-gigatonne (GW) greenfield solar cell and module manufacturing operation in Tirunelveli. The solar project aims to generate 101 million units of electricity per year while offsetting approximately 72,000 metric tons of CO2 emissions.
Which Tata Power and Tamil Nadu inks a pact to establish a solar manufacturing facility?
Tata Power Renewable Energy (TPREL), a Tata Power Ltd subsidiary, has selected Thoothukudi in southern Tamil Nadu as the site for its future 41 MW captive solar facility.
What is the capacity of Tata Power solar power?
Tata Power has a sizable solar generation capacity portfolio of 3,136 MW. It has completed a 300 MW solar facility at Dholera, Gujarat, which is India’s largest single axis solar tracker system, as well as a 101.6 MWp floating solar power project in Kayamkulam, Kerala.
What is the solar project in Tirunelveli?
Nellai Solar Park is a 55 MW (AC) and 76 MW (DC) project at Ettanakulam village, Manur Taluk, Tirunelveli district, Tamil Nadu, India.
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