Torrent Power Pledges ₹64,000 Cr for Renewable Energy
Torrent Power Pledges ₹64,000 Cr for Renewable Energy
Torrent Power Pledges ₹64,000 Cr for Renewable Energy
News summary

Torrent Power Limited has committed to investing Rs 64,000 crore towards green and sustainable energy projects, including 10 GW of renewable energy capacity by 2030 and a 1 lakh KTPA green ammonia production facility. The renewable energy initiative is expected to generate 25,000 jobs, while the green ammonia project will create around 1,000 jobs. A Memorandum of Understanding was signed with the Gujarat government for a 5 GW solar, wind, or hybrid energy project in Dwarka district. The company is also exploring green hydrogen opportunities and plans to develop 5-8 GW of pumped storage capacity. Chairman Samir Mehta emphasized that these initiatives align with national priorities and contribute to India's goal of 500 GW renewable energy capacity by 2030.

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