Tata Power well placed to lead energy transition

THE COUNTRY MET only 42% of the peak summer power demand this year from coal-based generation despite its stated reliance on it, Tata Power chairman N Chandrasekaran said on Friday, highlighting the growth in India's clean and green energy capacity.

- RAGHAVENDRA KAMATH

Addressing the 106th annual general meeting (AGM) of Tata Power, he said the country's clean and green energy capacity crossed the 200-GW mark, accounting for 46% of the total installed capacity.

India has overtaken Germany to become the world's third-largest generator of electricity from solar and wind, he said. "In India, solar remains the fastest growing renewable energy technology. Solar generation is expected to rise by over 135% in the next two years," he said.

This is expected to be bolstered by wind and hydropower generation, growing at a compound annual growth rate (CAGR) of 36% and 18%, respectively, in the next two years, he added.