Wind and Solar Power Generation in Tamil Nadu
In a groundbreaking move towards sustainable energy, Tata Power, a flagship company of the Tata Group, has unveiled plans to invest Rs 55,000 crore in wind and solar power generation in Tamil Nadu. This strategic investment aligns with the company’s vision of achieving 70% clean and green energy production by 2030, escalating to an ambitious 100% by 2040.
Tata Power’s Managing Director and CEO, Praveer Sinha, revealed the company’s aspirations during the Global Investors Meet 2024, stating, “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.” He clarified that this sum includes Rs 15,000 crore already committed to ongoing projects in south and central Tamil Nadu. The net new investment of approximately Rs 55,000 crore will be officially announced on the second day of the summit.
With an unwavering commitment to a sustainable future, Tata Power has set its sights on achieving 70% clean and green energy production by 2030, followed by a comprehensive transition to 100% by 2040. Presently, the company’s green energy share stands below 40%.
Sinha emphasized that the decision to commit substantial investments to renewable power capacity in Tamil Nadu is influenced by the region’s high wind speeds and abundant sunlight. The planned wind-solar energy split is 50-50, equating to 5 GW each. This strategic move will position Tamil Nadu as one of the states with the highest power generation capacity for Tata Power.
Sinha highlighted the region’s potential, saying, “We also get good talent here.” For the upcoming greenfield 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tata Power aims to recruit individuals from areas within a 50-100km radius. Notably, 80% of the 2,000 operators for this plant will be women. The company has onboarded nearly 1,000 women, emphasizing its commitment to fostering gender-inclusive employment.
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