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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