Tata Power to raise green energy portfolio to 50% with focus on renewables

Tata Power currently has a consumer base of 2.5 million and it aims to quadruple it to 10 million over the next five years

Tata Power will focus on the renewable front for future growth, and it aims to raise its green energy portfolio to 50 per cent. Its growth would be concentrated on renewables, distribution and transmission of power along with new and value-added business, including rooftop solar, smart metering, micro-grids in rural areas and setting up EV charging stations, the company said in a statement.

"We will continue with our plans to increase renewable energy footprint by capitalising on these opportunities through value accretive projects," it said.

The proposed Renewable InvIT is a growth engine and targets to be India's largest renewable