From its previous renewable generation target of 20 per cent by 2025, the company is now aiming for 30 to 40 per cent according to managing director Anil Sardana (pictured).
The firm currently boasts a total installed generating capacity of 9130 MW, of which 7285 MW comes from thermal plant and 1845 MW from renewable sources. Of this, 573 MW comes from hydropower plants, 60 MW from solar and 511 MW from wind.
The company has also built a 30.6 kW floating solar photovoltaic (PV) plant in partnership with Australia’s Sunengy, India’s first such plant. And it leads a consortium to develop the 240 MW Sorik Marapi geothermal project in Indonesia.
In an interview this week with India’s Economic Times, Sardana said his company’s focus on solar projects comes in response to government incentives.
“Though solar is a very small part in our total portfolio, it will increase significantly over the period as the government is expected to bid out large-scale projects to meet its target,” he said. “For wind, on the other hand, we will continue to look at opportunities as and when they come.”
Meanwhile, this week Tata Power announced that it has commissioned the 44 MW Lahori wind farm in Madhya Pradesh’s Shajapur district.
India’s government has targeted the installation of 100 GW solar power, 60 GW of wind energy, 10 GW of small hydropower and 5 GW of biomass power by 2022.