Tata Power, India’s largest integrated power company with a significant international presence, said it had decided to increase the share of its renewable energy output to 30-40 percent by 2025, up from its earlier target of 20 percent, its managing director and chief executive told a newspaper.
Currently, the utility has an operational capacity of 9,156 MW, including 693 MW from hydel, 593 MW from the wind and 60 MW from solar sources, Anil Saradana told the DNA newspaper in an interview.
“The government has set an ambitious target of 175 GW renewable energy capacity by 2022. We have set a target of 20,000 MW of total capacity by 2025 and had initially set a target of 20 percent of it from the renewable sources,” Sardana said.
He said the company has now decided to increase the share of renewal capacity up to 30-40 percent by 2025, which will mostly be led by solar power.
Of the 175 GW, the government has set a target of 100 GW from solar and 60,000 MW from wind.
“Though solar is a very small part in our total portfolio, it will increase significantly over the period as the government is expected to bid out large scale projects to meet its target. For wind, on the other hand, we will continue to look at opportunities as and when they come,” Sardana told the newspaper.
The company currently has 682 MW capacity under execution and another 6,435 MW under development.