
Tata Power plans ₹75,000 crore capex to boost renewables biz
The company says it has earmarked ₹14,000 crore of consolidated capex in the financial year 2022-23 with ₹10,000 crore for the renewables business.
The company says it has earmarked ₹14,000 crore of consolidated capex in the financial year 2022-23 with ₹10,000 crore for the renewables business.
Reliance is in the process of investing ₹75,000 crore to build 100 GW renewable capacity
Tata Power will move entire renewables business into one single platform as part of unlocking value.
For sustainable practices to work, India Inc. needs a green-embedded business strategy, not a compliance-driven one.
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
The renewable energy major, after the merger with RMG Acquisition Corp. II, will have an enterprise value of $8 billion. ReNew Power's founder, Sumant Sinha, will head the combined entity.
As if low efficiency, competition from renewable players, and fuel supply issues were not challenges enough for coal-based power plants, high pollution norms are likely to accelerate their demise.
Mainland China, the U.S., and India bear the highest economic cost from fossil fuel air pollution.
Investors remain wary of investing in renewable energy particularly in developing countries, which have large untapped potential for both solar and wind energy.
Battery storage could be the next frontier for the power sector in India where hardships from power outages are not a distant memory.