Torrent Power is accelerating the expansion of its renewable energy portfolio, targeting 10 GW of installed renewable energy capacity by 2030 while advancing nearly 4 GW of projects under development as part of its long-term clean energy growth strategy.
As of FY2025-26, the company reported a renewable energy portfolio of approximately 5,952 MWp, comprising around 2,002 MWp of operational capacity and 3,950 MWp under development. Torrent Power said it remains focused on scaling solar, wind and hybrid projects while aligning its investments with India’s net-zero ambitions.
The company has approximately 2.3 GW of contracted renewable capacity under construction, representing about 4.3 GWp of installed capacity, with an estimated project investment of ₹27,830 crore. The pipeline includes projects awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL), Solar Energy Corporation of India (SECI), Railway Energy Management Company Limited (REMCL), captive and commercial & industrial (C&I) projects, as well as merchant capacity.
Torrent Power said it is pursuing renewable expansion through disciplined bidding across utility-scale tenders and commercial and industrial opportunities while maintaining internal rate of return (IRR) thresholds for new projects. The company is also developing firm and dispatchable renewable energy (FDRE) projects by integrating solar, wind, hybrid generation and battery energy storage systems (BESS).
During FY2025-26, the company commissioned around 227 MWp under its MSEDCL solar project, increasing its total installed generation capacity to 5.1 GW. It also secured a 300 MW SECI-XVIII project at a tariff of ₹3.97 per unit and won its first 250 MW FDRE project for its licensed distribution business. The FDRE project combines approximately 500 MWp of solar and wind capacity with a 112.5 MW/450 MWh battery energy storage system.
Torrent Power said it has secured transmission connectivity for most of its renewable pipeline and is aligning project commissioning schedules with substation readiness to minimise transmission risks and avoid stranded investments. The company added that land acquisition has largely been completed, while right-of-way challenges for wind and hybrid projects continue to be managed.
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