Skip to content
Green
New Energy

Tata Power Plans to Invest $9.5 Billion in Clean Energy Push

  • Company advances net zero target to 2045 from 2050 earlier
  • India plans to triple clean power capacity by 2030 to 500 GW
A motorcyclist travels past the Tata Power Co. Trombay Thermal Power Station in Mumbai.

A motorcyclist travels past the Tata Power Co. Trombay Thermal Power Station in Mumbai.

Photographer: Dhiraj Singh/Bloomberg

Tata Power Co. said it will invest more than 750 billion rupees ($9.5 billion) in renewables over the next five years, as it aims to almost double the share of clean energy in its portfolio. 

The company, whose operations range from generation to transmission and retailing of power, will also expand into new areas such as solar irrigation pumps and electric vehicle charging, Chairman Natarajan Chandrasekaran said at a virtual shareholder meeting Thursday. Tata Power is also accelerating its net zero target to 2045, Chandrasekaran said. The company had previously set a goal of hitting the mark by 2050.