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India’s Tata Power will invest around Rupees 50bn ($1.1 bn) in wind energy over the next seven years as it prepares to generate at least a quarter of its total power generation from clean sources by 2017.
World Future Energy Summit (WFES) 2025
“We have set ourselves a target to achieve 25 per cent of our total generation from clean sources by 2017. These will comprise wind, solar, hydro, geo-thermal and gas. In wind power alone, we will be investing around Rs 5,000 crore,” Tata Power’s Executive Director-Strategy and Business Development, Banmali Agrawala said.
Tata's current 200 MW wind capacity is to be significantly boosted as the company aims for around 8000 MW of renewable energy by the end of the period. Wind energy has been identified by the company as the key renewable energy source. “Wind power is the most commercially viable and established form of renewable energy,” Agrawala added.
Ratan Tata’s business is currently bringing 150 MW of wind power generation online, with another 750-800 MW to be added at a rate of 100-150 MW annually.