Tata Power has sought bids for the supply of wind turbines with a total capacity of 3 gigawatts. This move is expected to invigorate the wind energy market and stimulate competition among turbine suppliers.

What Happened: Tata Power’s mega order for wind turbines is a significant step towards strengthening the country’s renewable energy sector, as reported by ET. The order scale is expected to intensify competition among turbine suppliers, potentially leading to more affordable and efficient wind energy solutions.

The wind turbines will be installed at the company’s renewable energy facilities across the country in the next three to five years, the report said.

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The report also said that wind turbine original equipment manufacturers such as Siemens Gamesa, Senvion India, Envision Energy and Suzlon Energy are in play to win the bids and supply wind turbines to Tata Power.

Tata Power is reportedly looking to install renewable energy capabilities at group companies such as Tata Steel. Tata Power is planning to spend ₹20,000 crore capex in the financial year. Half of the capex is reportedly going for renewable energy and the rest will be spent on distribution, transmission and coal-based plants, the report added.

Tata Power is looking to achieve 100% clean power generation by FY45. The company currently has a renewable energy capacity of 10.5 gigawatts. It plans to reach 20 gigawatts of capacity by 2030.

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