Tata Power plans to become carbon neutral by 2050

Energy major Tata Power has planned to phase out its coal-based capacity and improve its clean and green capacity to around 80% by 2030 from its current green portfolio of 31%. The company aims to achieve carbon neutrality by 2050 through the move. The company will also set emission decreasing targets in line with the Science-Based Target Initiative (SBTI). The company informed that it would add 2 GW of solar and hybrid capacities annually to improve its renewable energy capacity by over 25 GW by 2030 in its annual report for FY21. Additionally, it also said that it would provide power to 353 villages through microgrids by 2025. The company's power generation mix has over 12.8 GW capacity; at present, coal-based thermal power capacity accounts for over 69% or 8.85 GW of the total capacity. While renewables, including 1.76 GW of solar, 880 MW of hydro, 375 MW of blast-furnace gas waste heat and 932 MW of wind, recovery capacity account for the remaining 31% of its power generation mix. According to the media, Tata Power has 1.8 GW of operational solar capacity, and another 2.3 GW capacity is in the pipeline as of Q1 2021. The company's objective is to raise green energy power generation capacity, develop and operate new wind and solar power projects, and build electric vehicle charging solutions. It would also concentrate on rooftop solar, solar pumps, and home automation. Image Source Also read: Climate Summit: Amid pledges, India, US to partner on energy, climate Also read: Net-zero emission: LIXIL's fittings plants are now all carbon-neutral