Torrent Power Commissions 115 MW Wind Project in Gujarat
In a major stride towards sustainable energy, Torrent Power proudly announces the successful commissioning of its 115 MW Wind Power Project in the Devbhumi Dwarka District of Gujarat. The remarkable achievement was made possible through Torrent Solargen Limited, the company’s wholly owned subsidiary.
This noteworthy project was secured by Torrent Power through a competitive bidding process under SECI Wind Tranche V. Following the bidding victory, the company entered into a 25-year Power Purchase Agreement (PPA) with SECI, which, in turn, holds a Power Sale Agreement (PSA) with the state of Haryana.
Overcoming numerous challenges, including the impact of Covid-19, changes in land allocation policies, right-of-way (RoW) issues, and extreme weather conditions, Torrent Power demonstrated its exceptional execution capabilities and expertise in handling utility scale projects. The Wind Turbines utilized for the project were sourced from the reputable manufacturer, GE.
With the addition of this 115 MW Wind power capacity, Torrent Power’s overall installed Renewable capacity has now surged to approximately 1.18 GW, with a total generation capacity of around 4.2 GW. Additionally, the company has approximately 0.6 GW of Renewable capacity in various stages of development. This impressive growth aligns with Torrent Power’s commitment to sustainability and the Indian Government’s ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030. As part of its forward-thinking approach, Torrent Power is focusing on a balanced portfolio, encompassing both Wind and Solar energy, while also exploring other Green Energy avenues, such as Pumped Hydro and Green Hydrogen.
Torrent Power, a leading integrated power utility within the diversified Torrent Group, boasts an impressive turnover of ₹ 25,694 Crores (approximately USD 3 billion). The group as a whole reports revenues of ₹ 37,600 Crores (approximately USD 4.5 billion) and holds a Market Cap of approximately ₹ 95,000 Crores (approximately USD 11.50 billion). With its extensive presence across the entire power value chain encompassing generation, transmission, and distribution, Torrent Power stands as one of India’s largest and most influential power companies.
About Torrent Power:
Torrent Power is an energy and power company based in India, with diverse interests in power generation, transmission, distribution, and the manufacturing and supply of power cables.
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