- Tata has set a target of exiting coal by 2050.
- The company plan to retire coal plants at the end of their life or expiry of their PPAs.
- Tata plans to add about 25GW of solar and hybrid generation this decade.
Tata Power has unveiled plans to transition the company’s generation portfolio towards clean energy sources and achieve carbon neutrality by 2050. Tata Power’s current generation capacity is dominated by coal which accounts for 69 per cent of its total of 12,808MW. Solar, wind and hydro accounts for 1,762MW, 932MW and 880MW, respectively.
To phase out coal by 2050, Tata would have to stop developing new/acquiring coal plants. The company plans to retire its existing coal fleet at the end of the plant life or when the Power Purchase Agreements expires. The company plans to have renewable energy sources provide 80 per cent of its generation capacity by 2030.
Tata intends to add 2GW of solar and hybrid-technology capacity annually to achieve 25GW within this decade. The company has identified the deployment of microgrids as an important part of meeting that target. In addition, Tata plans to develop a portfolio of renewables technologies that include hybrid, clean energy plants, offshore wind, floating solar, and hydrogen fuel and strengthen its battery storage partnerships.