Torrent Power's Green Commitment and Investment Pledges
Key Ideas
  • Torrent Power pledges a significant investment of Rs 64,000 crore for green and renewable energy projects, aiming to create employment for 26,000 people.
  • The company commits to achieving 10 Gigawatt of installed Renewable Energy capacity by 2030, with an investment of Rs 57,000 crore, expecting to generate employment for around 25,000 people.
  • Torrent Power signs MoU with the Gujarat government for a 5 GW solar, wind, or solar-wind hybrid project in Dwarka, Gujarat as part of its green energy initiatives.
  • The company is actively exploring opportunities in Green Hydrogen and Green Ammonia production projects, aiming to contribute to net-zero emissions and decarbonizing hard-to-abate sectors.
Torrent Power, a part of the diversified Torrent Group, has reaffirmed its commitment to green and sustainable energy projects by pledging a substantial investment of Rs 64,000 crore. This investment is focused on green and renewable energy initiatives that could potentially provide employment for 26,000 individuals. The company aims to achieve 10 Gigawatt of installed Renewable Energy capacity by 2030 with an investment of Rs 57,000 crore, further contributing to job creation for about 25,000 people. Torrent Power has also entered into an agreement with the Gujarat government to develop a 5 GW solar, wind, or solar-wind hybrid project in Dwarka, Gujarat. Additionally, the company is exploring projects in Green Hydrogen and Green Ammonia production to address the need for sustainable energy solutions. Torrent Power's initiatives align with the national goal of 500 GW renewable capacity by 2030 and are expected to have a positive impact on India's energy landscape.
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