Tata Power & Reliance Power bet big on renewable energy, to spend Rs. 1,500 cr each.

Two of the country's largest power producers Tata Power and Reliance Power are betting big on renewable energy and will spend about Rs. 1,500 crore each on clean energy projects this fiscal.

While Reliance Power has big plans in the renewable energy segment with a special focus on solar, Tata Power said that all the new capacity that it is planning to add over the next two years, close to 800 MW, comprises clean energy projects in the wind, hydro, solar and waste-gasses space.

'Renewable energy is absolutely key for us, in fact we are the only utility in India to voluntarily say that 20-25 per cent of our asset capacity base will always be in the clean energy space, also our entire new capacity addition of 800 MW that will come online over the next two years is in the renewable space,' said Anil Sardana, MD & CEO, Tata Power.


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