At the recently held Global Investors 2024 Meet at Chennai, Tata Power announced plans to invest Rs 55,000 crore in wind and solar power generation in Tamil Nadu over the next 5-7 years as the Tata group firm expands its green energy focus. The firm has set its sights on 70% clean and green energy production by 2030, and 100% by 2040. Currently, the green energy share is under 40%. The investment commitment to renewable power capacity in the southern state is owing to its high wind speeds and ample sunlight. The wind-solar energy split would be 50-50, ie, 5GW each, states media reports. Tamil Nadu will be one of the states with the maximum power generation capacity for Tata Power and also get good talent here. For the new manufacturing plant, we are setting up in Tamil Nadu, we are recruiting people from areas within 50-100km radius. Out of the 2,000 operators, 80% will be women operators. We have already onboarded nearly 1000 women for greenfield 4.3 GW solar cell and module manufacturing plant in Tirunelveli.
Tata Power is also India’s biggest EV charging provider with about 70,000 home chargers and 5,000 public chargers in various parts of the country.