Torrent Power has announced a substantial ₹64,000 crore investment in green and renewable energy projects, promising to create employment opportunities for around 26,000 people. This commitment was formalized during the 4th Edition of RE-Invest in Gandhinagar, where the company submitted two ‘Shapath Patras’ to the Union Ministry of New and Renewable Energy.
The first ‘Shapath Patra’ outlines Torrent Power’s goal to achieve 10 gigawatts (GW) of installed renewable energy capacity by 2030, with an investment of ₹57,000 crore. This initiative is projected to generate approximately 25,000 direct and indirect jobs. Additionally, the company signed a Memorandum of Understanding (MoU) with the Gujarat government to develop a 5 GW solar, wind, or hybrid project in Dwarka, Gujarat.
Green hydrogen and green ammonia production are also key components of Torrent Power’s strategy, with plans to invest ₹7,200 crore in a 100,000-ton-per-annum green ammonia facility, creating around 1,000 jobs.
Torrent Power is also focusing on energy storage solutions, planning to invest between ₹25,000 crore and ₹35,000 crore in pumped storage projects across multiple states, aiming to install 5 to 8 GW of capacity.
As a major player in India’s power sector, Torrent Power is dedicated to advancing green energy solutions and supporting the national goal of 500 GW renewable capacity by 2030. The company’s extensive experience and strong financial position position it well to make a significant impact in the renewable energy landscape.
