5 hours Ago By Zachary Shahan
India has been a major market for clean energy deployment — solar energy and wind energy deployment. It’s been much less successful stimulating the electric vehicle market. Tata Group is India’s largest business conglomerate.
It’s enormous, selling various products and services in more than 160 countries. One of its companies is Tata Power, and Tata Power is working — to some degree — to accelerate both major tech transitions. It’s got a string of recent clean energy and EV infrastructure announcements.
In this piece, I’m going to run through a couple of First of all, Tata Power recently partnered with Bhutan’s only electricity generation utility, Druk Green Power Corporation, to build almost 5,000 megawatts (MW) of clean energy generation capacity in Bhutan. In order to boost energy security in the country, as well as regional electricity integration, Bhutan is aiming to have a total of 25,000 MW of electricity generation capacity by 2040. Traditionally, it has relied on hydropower, but it wants to diversify that, particularly with solar power and geothermal power.
This partnership includes a significant solar power component, but the vast majority of it is centered around hydropower projects. “With the support of the Royal Government of Bhutan and the Government of India, this marks the largest partnership between two of the leading power companies of the two nations in Asia’s clean energy sector,” Tata Power notes. “Both companies have a stellar track record in the energy sector and a long-standing relationship having worked together for over 15 years.
This strategic partnership signifies Tata Power’s pre-eminence as the most preferred clean energy partner not only in India but also as a regional leader. This partnership will help unleash Bhutan’s great potential for hydropower and its important role in ensuring energy security in the region.” There’s a 500 MW solar component that Tata Power is core to, but this is heavily a hydropower play.
“Through the collaboration, at least 5,000 MW of renewable energy projects; including 4,500 MW of hydropower comprising the 1,125 MW Dorjilung HEP; 740 MW Gongri Reservoir; 1,800 MW Jeri Pumped Storage; and 364 MW Chamkharchhu IV will be developed in phases together. Another 500 MW of solar projects will be developed by Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power.” You can read more details about the partnership, the companies, and the countries here .
The Asian Development Bank (ADB) and Tata Power recently signed a Memorandum of Understanding (MoU) for financing of strategic renewable and clean energy projects in India. “The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW Solar Wind Hybrid project and Pumped Hydro Storage Project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power,” Tata Power explains. The project financing partnership is for $4.
25 billion. “Our collaboration with the Asian Development Bank is a crucial step as we explore innovative financing solutions to drive transformative power sector projects,” Dr. Praveer Sinha, CEO & MD, Tata Power says.
“This MoU reinforces our commitment to advancing India’s clean and renewable energy capacity and modernizing our power infrastructure, ensuring sustainable and inclusive growth. These initiatives align with India’s ambitious clean energy goals, contributing to energy security and environmental resilience.” You can find more details and positive marketing language here .
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