Larsen & Toubro (L&T) has launched a new business division focused exclusively on Renewable Engineering, Procurement, and Construction (EPC), separating it from its Power Transmission & Distribution unit within the Infrastructure Projects segment.
This strategic move, effective from September 1, comes as the global push for clean energy intensifies, driven by the need for decarbonized electricity to address climate change. The new Renewable EPC division aims to enhance management focus and streamline the integration of resources and capabilities. A. Ravindran, Senior Vice President at Larsen & Toubro, will lead this new business unit.
In a press release, L&T emphasized the accelerated global shift towards clean energy, particularly in solar and wind, which has been fueled by rapid advancements in technology. “The transition to clean energy has gained significant momentum in recent years, with decarbonized electricity playing a central role in combating climate change,” the company stated. L&T also highlighted the importance of hybrid energy systems, combining various renewable sources with energy storage solutions to ensure reliable power supply.
S.N. Subrahmanyan, Chairman & Managing Director of Larsen & Toubro, commented on the strategic move: “The growth of our renewable EPC business has accelerated in recent years. Thanks to our early investments, we have positioned ourselves uniquely in the value chain of sustainable energy infrastructure. With this new division, we aim to provide increased autonomy, closer customer engagement, and stronger leadership oversight, enabling us to excel in this promising sector.”
India’s push towards renewable energy is gaining momentum as the country aims to significantly increase its share of non-fossil fuel-based electricity. Initiatives like the Green Energy Corridors and other capacity expansion programs underscore India’s commitment to renewable growth, seen as a key driver for green jobs and global climate justice.
L&T has also played a pivotal role in Saudi Arabia’s solar power initiatives, participating in major projects such as the 700 MW Ar Rass Solar PV IPP, the 2,000 MW Ar Rass-2 Solar PV IPP, and the 1.6 GW Sudair solar plant. Additionally, L&T is contributing to the construction of power and grid systems for one of the world’s largest green hydrogen plants at NEOM.
Beyond the Middle East, L&T is expanding its renewable energy infrastructure in regions including SAARC, ASEAN, CIS, and Africa. The company has built a strong global presence, with a portfolio that includes 22 GWp of renewable EPC projects and 3 GWh of Battery Energy Storage System implementations.
