Renewable energy initiatives by Tata group in India- FutureEnTech


Renewable energy initiatives by Tata group in India

As India is striving for the renewable energy sources, one of the biggest business houses in India is gaining the market share of renewable energy with various initiatives in the recent past. Tata Power is India’s largest integrated power company with a significant international presence. From Fuel and Logistics to Generation and Transmission to Distribution and Trading-exploring various renewable sources of energy in India and globally, it has a significant presence in wind, solar, hydro and geothermal energy space. They are one of the largest renewable energy players in India and have developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.

Tata Power is one of the biggest wind energy generators in the country. Its 460.6MW of installed capacity is spread across Maharashtra, Gujarat, Tamil Nadu, Karnataka and Rajasthan. It is also one of the leading solar power generators in India with an operational capacity of 54 MW. Besides Palaswadi, the company has solar plants at Mithapur in Gujarat (25MW), Mulshi in Maharashtra (3MW) and some rooftop solar installations.

The Tata group's renewable energy arm is in talks to invest in a wind energy firm, revving up deal activity in a sector that has lured General Electric, Goldman Sachs and the Asian Development Bank, as the company seeks to achieve its goal of adding as much as 300 MW to its portfolio annually. "We are currently speaking to three wind power companies based in Tamil Nadu, Karnataka and Maharashtra...We hope to close a deal soon as we have a target of adding 200-300 MW of green energy projects into our portfolio this year, which can be done both organically and inorganically," said Rahul Shah, Chief Executive Officer of Tata Power Renewable Energy (TPREL).

India's national action plan on climate change recommends that the country generate 10% of its power from solar, wind, hydropower and other renewable sources by 2015 and 15% by 2020. India had an installed power generation capacity of 254,049 MW at the end of September, of which 31,692 MW, or about 12%, is from renewable sources, according to data on the Central Electricity Authority website. TPREL is currently developing two wind projects in Maharashtra, a 126 MW hydro project in Bhutan in a venture with the Government of Bhutan that is close to being commissioned, 185 MW of hydro power projects in Georgia and wind projects in South Africa.

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