Torrent Power Commits to Renewable Energy Investments at Madhya Pradesh Global Investors Summit 2025
Key Ideas
- Torrent Power commits to significant investments in renewable energy and pump storage projects in Madhya Pradesh, signing an MoU with the MNRE.
- The company plans to invest in 1 GW of solar energy, 1 GW of wind energy, and explore pump solar sectors in the state due to its rich potential.
- Torrent Power is considering green hydrogen and ammonia investments based on demand, along with sectors like hybrid solar, storage solutions, and pump storage.
- While Torrent Power currently operates 1.7 GW of capacity, it is in the process of adding another 3 GW, with a focus on solar energy due to its maturity and investment opportunities.
At the Madhya Pradesh Global Investors Summit 2025 in Bhopal, Torrent Power announced its commitment to investing in renewable energy and pump storage projects in the state. The company has signed an MoU with the Ministry of New and Renewable Energy to bring significant investments in sectors like pump storage, pump hydro pump storage, renewables, and potential investments in green hydrogen and ammonia. Torrent Power aims to invest in 1 GW of solar energy, 1 GW of wind energy, and explore the pump solar sector due to the state's rich potential in these areas. While the company evaluates investment opportunities aligned with policy frameworks, it also considers demand-driven investments in green hydrogen and ammonia, based on initiatives like tenders issued by entities like BPCL. Additionally, Torrent Power is exploring sectors like hybrid solar, storage solutions, and pump storage, which are commercially viable with substantial demand. Despite its current limited presence in Madhya Pradesh's energy sector, the company plans to establish a stronger foothold, particularly focusing on new thermal capacity. Torrent Power also acknowledges the potential of nuclear energy but awaits further clarity on government policies to consider investments in this sector. With a current capacity of 1.7 GW and plans to add another 3 GW, Torrent Power emphasizes its focus on solar energy, where over 50% of its capacity is in solar energy generation, either installed or under installation.