Tata Power to Invest Rs 21,000 Crore in Expanding Wind-Solar Hybrid Projects

Tata Power is seeking bids for over 3 GW of wind turbines to expand its wind-solar hybrid projects, with investments of over Rs 21,000 crore. Learn more about their ambitious renewable energy plans.

Tata Power Seeks Bids for Over 3 GW of Wind Turbines

Tata Power has set its sights on scaling up its wind-solar hybrid projects across India, with plans to procure wind turbines exceeding 3 Gigawatts (GW) of capacity. This move, reported by The Economic Times, represents one of the largest wind turbine orders in the industry and involves contracts potentially worth over Rs 21,000 crore. The project will unfold over the next three to five years, positioning Tata Power as a key player in India’s renewable energy landscape.

Industry Giants Compete for the Contract

Four major original equipment manufacturers (OEMs) are in the race to secure the wind turbine contract, including Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy. With the cost to establish 1 MW of wind energy at around Rs 7 crore, the contracts are set to be split into multiple phases, with the potential for the total requirement to increase to 5 GW over five years. If achieved, the value of the contracts could escalate to Rs 35,000 crore.

Tata Power’s Ambitious Renewable Energy Expansion

Tata Power has ambitious plans to invest close to $9 billion over the next six years to expand its renewable energy portfolio. The company is targeting the development of over 1 GW of wind capacity annually, seeking long-term supply agreements for wind turbines to support its renewable energy goals. This expansion is expected to cater to the energy needs of Tata Power’s group companies, including Tata Steel.

Capital Investment Focused on Renewables

In the current financial year, Tata Power has earmarked Rs 20,000 crore for capital expenditure, with half of this amount allocated to renewable energy projects. The remaining funds will be used for distribution, transmission, and coal-based plants. This strategic focus reflects Tata Power’s commitment to leading India’s transition to clean energy.