Torrent Power's Massive Investment Commitment at RE-Invest 2024 Event
Key Ideas
  • Torrent Power commits Rs 64,000 crore investment at RE-Invest 2024 event in Gandhinagar, aiming for 10 GW of RE capacity by 2030.
  • The investment is expected to create employment for 26,000 people directly and indirectly, demonstrating the company's commitment to green energy solutions.
  • The company also submitted a 'Shapath Patra' for setting up a Green Ammonia production facility, showing a dedication to advancing green technology.
  • Torrent Power plans to invest in Pumped Storage Project sites across multiple states, aiming to install 5 to 8 GW of capacity with an investment of Rs 25,000 to Rs 35,000 crore.
Torrent Power Limited has announced a significant commitment of Rs 64,000 crore at the RE-Invest 2024 event held in Gandhinagar, India. The investment aims to achieve 10 Gigawatt (GW) of installed Renewable Energy (RE) capacity by 2030, generating direct and indirect employment for around 26,000 people. The company has also submitted a 'Shapath Patra' to the Union Ministry of New and Renewable Energy for the project. Torrent Power has signed a Memorandum of Understanding with the Government of Gujarat for a 5 GW solar, wind, or solar-wind hybrid project in Dwarka District. Additionally, they are exploring opportunities in Green Hydrogen and Green Ammonia production projects. Samir Mehta, Chairman of Torrent Group, expressed commitment to India's renewable energy journey and highlighted the alignment of their business operations with national priorities. The company also plans to invest in Pumped Storage Project sites across states to install 5 to 8 GW of capacity. Torrent Power's integrated power utility, with a significant presence in the power value chain, aims to contribute to a greener and sustainable future.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.