
Torrent Power Commits ₹64,000 Crore Investment in Green Energy Projects, Set to Create 26,000 Jobs
Contents
- 1 Torrent Power investment
- 1.1 Torrent Power Commits ₹64,000 Crore Investment in Green Energy Projects, Set to Create 26,000 Jobs
- 1.1.1 Torrent Power’s Green Energy Commitment: A Bold Step Towards Sustainability
- 1.1.2 Investment in Renewable Energy: 10 GW Target by 2030
- 1.1.3 Embracing Green Hydrogen and Green Ammonia: Pioneering Next-Gen Energy Solutions
- 1.1.4 The Role of Pumped Storage Projects (PSP): Meeting Energy Storage Needs
- 1.1.5 Torrent Power’s Track Record: Poised for a Green Future
- 1.1.6 Conclusion:
- 1.1.7 FAQs:
- 1.1.7.1 1.What is the total investment pledged by Torrent Power for green energy projects?
- 1.1.7.2 2.How many jobs will be created through Torrent Power’s green energy projects?
- 1.1.7.3 3.What is Torrent Power’s renewable energy capacity target by 2030?
- 1.1.7.4 4.What is the significance of the MoU signed with the Gujarat government?
- 1.1.7.5 5.How is Torrent Power contributing to the development of green hydrogen?
- 1.1.7.6 6.What is the investment for Torrent Power’s green ammonia production facility?
- 1.1.7.7 7.What role do Pumped Storage Projects (PSP) play in Torrent Power’s strategy?
- 1.1.7.8 8.How much PSP capacity does Torrent Power plan to install?
- 1.1.7.9 9.How does Torrent Power align with India’s national energy goals?
- 1.1.7.10 10.What is Torrent Power’s track record in the energy sector?
- 1.2 Torrent Power investment
- 1.3 Strides Pharma Gains 2.81% as USFDA Approves New Fluoxetine 60 mg Tablets
- 1.1 Torrent Power Commits ₹64,000 Crore Investment in Green Energy Projects, Set to Create 26,000 Jobs
Torrent Power investment
Torrent Power Commits ₹64,000 Crore Investment in Green Energy Projects, Set to Create 26,000 Jobs
In a significant move towards a greener future, Torrent Power Ltd has pledged a massive ₹64,000 crore investment in renewable energy projects. This ambitious commitment is not only a testament to the company’s green energy vision but also a major boost to India’s sustainable energy goals.


Torrent Power’s Green Energy Commitment: A Bold Step Towards Sustainability
On Monday, Torrent Power, the integrated power utility of the Torrent Group, reaffirmed its dedication to green and sustainable energy by submitting two ‘Shapath Patras’ to the Union Ministry of New and Renewable Energy. This move was made during the 4th edition of RE-Invest in Gandhinagar, showcasing the company’s leadership in the renewable energy sector.
RE-Invest, organized by the Ministry of New and Renewable Energy in collaboration with CII, serves as a platform for businesses to pledge investments that contribute to the nation’s green energy objectives.
Investment in Renewable Energy: 10 GW Target by 2030
Torrent Power’s first ‘Shapath Patra’ outlines a bold commitment to achieve 10 Gigawatts (GW) of installed renewable energy capacity by 2030. This massive project will require an investment of ₹57,000 crore, generating employment for approximately 25,000 people, both directly and indirectly.
As part of this initiative, Torrent Power also signed a Memorandum of Understanding (MoU) with the Gujarat government for a 5 GW solar, wind, or solar-wind hybrid project to be developed in Dwarka, Gujarat. This marks a significant step in harnessing the region’s renewable energy potential.


Embracing Green Hydrogen and Green Ammonia: Pioneering Next-Gen Energy Solutions
Recognizing the role of green hydrogen in the next generation of energy reforms, Torrent Power is making strides to develop green hydrogen and green ammonia production projects. These efforts aim to decarbonize hard-to-abate sectors, contributing to India’s net-zero emissions goals.
The second ‘Shapath Patra’ submitted by Torrent Power focuses on setting up a 100,000 Kilo Tonnes Per Annum (KTPA) green ammonia production facility. With an investment of ₹7,200 crore, this project is expected to create around 1,000 jobs, catering to both the export and domestic markets.
The Role of Pumped Storage Projects (PSP): Meeting Energy Storage Needs
As the adoption of renewable energy grows, the need for energy storage solutions becomes critical. Torrent Power has identified Pumped Storage Project (PSP) sites across multiple states, and the company plans to install 5 to 8 GW of PSP capacity, with an investment range of ₹25,000 crore to ₹35,000 crore. These storage solutions will ensure firm, reliable, and dispatchable renewable energy for India’s electricity grid.


Torrent Power’s Track Record: Poised for a Green Future
Torrent Power has consistently demonstrated its ability to commission and operate large infrastructure projects successfully. With a strong balance sheet and an established track record, the company is well-positioned to contribute significantly to India’s ambitious target of 500 GW of renewable energy capacity by 2030.
“As one of India’s largest private power utilities, Torrent Power stands committed to contributing to the nation’s renewable energy journey. Our dedication to advancing green energy solutions aligns seamlessly with India’s national priorities,” said Samir Mehta, Chairman of Torrent Group.


Conclusion:
Torrent Power’s ₹64,000 crore investment is a landmark in India’s renewable energy journey. With a focus on expanding renewable energy capacity, developing green hydrogen and ammonia projects, and ensuring energy storage solutions, the company is paving the way for a sustainable, greener future. As it continues to contribute to India’s energy transition, Torrent Power is set to play a vital role in achieving the nation’s ambitious renewable energy goals.
FAQs:
1.What is the total investment pledged by Torrent Power for green energy projects?
A. Torrent Power has pledged ₹64,000 crore for renewable energy projects.
2.How many jobs will be created through Torrent Power’s green energy projects?
A. The investment is expected to generate employment for 26,000 people.
3.What is Torrent Power’s renewable energy capacity target by 2030?
A. Torrent Power aims to achieve 10 GW of installed renewable energy capacity by 2030.
4.What is the significance of the MoU signed with the Gujarat government?
A. Torrent Power signed an MoU with the Gujarat government for the development of a 5 GW solar, wind, or hybrid project in Dwarka.
5.How is Torrent Power contributing to the development of green hydrogen?
A. Torrent Power is pursuing green hydrogen and ammonia production projects to decarbonize industries and achieve net-zero emissions.
6.What is the investment for Torrent Power’s green ammonia production facility?
A. Torrent Power is investing ₹7,200 crore to set up a 100,000 KTPA green ammonia production facility.
7.What role do Pumped Storage Projects (PSP) play in Torrent Power’s strategy?
A. Pumped Storage Projects are crucial for energy storage, ensuring reliable and dispatchable renewable energy.
8.How much PSP capacity does Torrent Power plan to install?
A. Torrent Power plans to install 5 to 8 GW of PSP capacity, requiring an investment of ₹25,000 crore to ₹35,000 crore.
9.How does Torrent Power align with India’s national energy goals?
A. Torrent Power’s initiatives align with India’s target of achieving 500 GW of renewable energy capacity by 2030.
10.What is Torrent Power’s track record in the energy sector?
A. Torrent Power has a proven track record of successfully commissioning and operating large-scale infrastructure projects in the power sector.
Torrent Power investment
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