Tata Power plans to invest ₹1.25 trillion between FY26 and FY30. This ambitious plan aims to double its capacity from 15.6 GW to 32 GW. Notably, 60% of this investment will focus on renewable energy. The move aligns with Tata Power’s goal of 70% green energy generation by 2030 and 100% by 2045.
Scaling up green energy
Tata Power’s renewable capacity is set to grow significantly. It aims to increase from 6.7 GW in FY24 to 23 GW by FY30. The company’s new solar module and cell manufacturing unit in Tamil Nadu will play a crucial role. The facility, worth ₹4,300 crore, will produce 4.3 GW of solar cells and modules annually. This expansion strengthens Tata Power’s position in rooftop and utility-scale solar energy markets.
Financial and operational growth targets
Tata Power has ambitious growth targets for FY30. It plans to increase revenue to ₹100,000 crore, marking a 1.6-fold growth. Similarly, profit after tax (PAT) is expected to rise 2.5 times to ₹10,000 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) is projected to grow 2.4 times to ₹30,000 crore.
The company will also expand its transmission network from 4,633 circuit kilometres (Ckm) to 10,500 Ckm. Additionally, Tata Power aims to grow its distribution customer base from 12.5 million to 40 million. These initiatives demonstrate its strong commitment to scaling operations and improving financial performance.
Driving India’s energy transition
India aims to achieve 500 GW of renewable energy capacity by 2030. Currently, it has achieved 203 GW as of October 2024. Tata Power’s plans align with this vision, contributing to the national target.
The company is also exploring opportunities in nuclear energy through public-private partnerships. Once the government approves, Tata Power intends to actively pursue this area. By focusing on renewable energy and innovative projects, Tata Power is set to lead India’s energy transition.
