TATA Power Renewables to receive Rs. 4000 Cr. Investment from Black Rock- led group

4.TATA Power Renewables to receive Rs. 4000 Cr. Investment from Black Rock-led group

India’s renewable energy business is the world’s fourth most charming renewable energy request. Tata Power is one of the major renewable energy companies in India. The company can explosively respond to the shifting geography of India’s renewable energy priorities.

Tata Power and a consortium led by BlackRock Real Assets, which includes Mubadala Investment Company, have signed a joining agreement to invest in Tata Power Renewable Energy, the company’s renewable energy business.

Tata Power Renewable Energy’s growth plans in the rooftop and electric car charging space in India will be funded by the investment. Tata Power Renewables plans to grow its portfolio of renewable energy assets to more than 20 gigawatts (GW) from 4.9 GW in the next five years.

Utility-scale solar, wind, and hybrid generation assets; solar cell and module manufacturing; engineering, procurement, and construction (EPC) contracting; rooftop solar infrastructure; solar pumps; and electric vehicle charging infrastructure will be part of this newly formed platform.

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