L&T Accelerates Focus on Renewable Energy EPC Vertical
Key Ideas
  • L&T establishes a new business vertical dedicated to Renewable Engineering, Procurement, and Construction, emphasizing the growing importance of the renewable energy sector.
  • The company's significant portfolio includes 22 GWp of renewable projects, showcasing expertise in diverse areas such as Ground Mounted Solar, Floating Solar, Wind Balance of Plant projects, and Battery Energy Storage Systems.
  • L&T's involvement in global renewable energy projects extends to large-scale initiatives in Saudi Arabia, NEOM, Amaala Project in Dubai, and key projects in India, indicating a strong international presence.
  • The company's focus on sustainable and decarbonized energy infrastructure aligns with the global transition towards clean energy, with an emphasis on delivering projects efficiently and safely.
Larsen & Toubro (L&T) has taken a significant step in the renewable energy sector by launching a new business vertical dedicated to Renewable Engineering, Procurement, and Construction (EPC). This move separates the renewable EPC business from its Power Transmission & Distribution segment, highlighting the company's commitment to clean energy. The decision, effective from September 1, positions L&T to capitalize on the accelerating growth in the renewable EPC market. Chairman & Managing Director of L&T, S.N. Subrahmanyan, emphasized the organization's unique position in creating sustainable energy infrastructure and the benefits of increased autonomy and customer focus through the new vertical. The company's extensive portfolio of 22 GWp of renewable projects underscores its expertise in various areas like Ground Mounted Solar, Floating Solar, Wind Balance of Plant projects, and Battery Energy Storage Systems. Coupled with Grid and Digital Energy Solutions, L&T is known for timely and safe delivery of large-scale renewable projects. Globally, L&T is actively engaged in prominent renewable energy projects in Saudi Arabia, NEOM, Dubai, and India. The company's involvement in the construction of a green hydrogen plant at NEOM and a solar PV plant in the Amaala Project demonstrates its commitment to sustainable energy initiatives. In addition to its established presence in India and the Middle East, L&T is eyeing expansion into regions like SAARC, ASEAN, CIS, and African countries, where investments in renewable energy infrastructure are on the rise. By targeting these markets, L&T aims to contribute to the global shift towards clean and decarbonized energy. The company's strategic focus on renewable energy EPC aligns with the increasing importance of sustainable practices and the urgent need to combat climate change.
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