Torrent Power's Green Energy Commitment at RE-Invest 2022
Key Ideas
  • Torrent Power pledges over ₹64,000 crore investment at RE-Invest, projecting 26,000 job opportunities in various sectors.
  • Commitment includes installing 10 GW of renewable energy capacity by 2030, with an investment of ₹57,000 crore and expected employment for 25,000 individuals.
  • Plans for a 5 GW solar, wind, or solar-wind hybrid project in Gujarat and a 100,000 KTPA Green Ammonia production facility with ₹7,200 crore investment focusing on green hydrogen.
  • Torrent Power eyes investments in Pumped Storage Projects (PSP) to install 5 to 8 GW capacity, potentially investing ₹25,000 crore to ₹35,000 crore, aligning with India's renewable energy targets.
Torrent Power Limited showcased its commitment to green energy at the 4th edition of RE-Invest in Gandhinagar, India, by announcing investments exceeding ₹64,000 crore. The company's initiatives aim to generate around 26,000 job opportunities across sectors. One of the key commitments includes installing 10 GW of renewable energy capacity by 2030, with an investment of ₹57,000 crore, expected to create employment for 25,000 individuals. In addition, Torrent Power signed an MoU with the Government of Gujarat for a 5 GW renewable energy project in Dwarka district. The company also plans to establish a 100,000 KTPA Green Ammonia production facility with an investment of ₹7,200 crore, focusing on green hydrogen and targeting both domestic and international markets. The emphasis on green hydrogen is part of India's broader sustainability goals. Furthermore, Torrent Power is looking into energy storage solutions, particularly Pumped Storage Projects, with plans to install 5 to 8 GW capacity, potentially investing between ₹25,000 crore and ₹35,000 crore. The company's initiatives align with India's ambition to reach 500 GW of renewable energy capacity by 2030, highlighting its role in driving sustainable energy practices.
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