India’s largest private integrated power company — Tata Power — recently made it publicly clear that it will cease building new coal-fired power capacity, a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.
The report, “Tata Power: Renewables to Power Growth”, highlights the company’s long-term strategy that will see renewable energy dominate its power capacity build-out going forward. Tata Power is now leading the country’s renewable energy transition following its withdrawal from building new coal-fired power plants.
Report author Simon Nicholas, Energy Finance Analyst at IEEFA, says Tata Power’s focus on renewables makes sense given the major energy transformation now occurring. Read More