Tata Power, a leading player in India’s renewable energy sector, is set to make a significant move by inviting bids for the supply of wind turbines with a capacity exceeding 3 gigawatts (GW). This large-scale project, aimed at expanding its wind-solar hybrid energy facilities, could see an investment upwards of ₹21,000 crore, making it one of the largest wind turbine orders in India’s history and same with Suzlon Tata Power Deal.

The initiative aligns with Tata Power’s aggressive expansion plans in the renewable energy space, with the company targeting 100% clean power generation by FY45. Sources indicate that the wind turbines are to be installed over the next three to five years, as Tata Power aims to add over 1 GW of wind capacity annually. The total requirement may reach 5 GW, bringing the potential contract value to a staggering ₹35,000 crore.

Wind Turbine Manufacturers in the Race any Why Suzlon Tata Power Deal

Several prominent wind turbine manufacturers have joined the race to secure this lucrative contract. Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy are said to be the frontrunners, vying to supply the turbines. Industry insiders note that the final contracts will be broken into multiple segments, allowing for a diversified supply approach.

Key Bidders	Bidder Details
Siemens Gamesa	Global leader in wind turbine technology
Senvion India	Specializes in innovative wind energy solutions
Envision Energy	Major player in renewable energy technologies globally
Suzlon Energy	India’s own leading wind turbine manufacturer

Tata Power’s Green Energy Push

Tata Power has already established a renewable energy capacity of 10.5 GW, with 4.8 GW of operational projects, including 3.8 GW of solar and 1 GW of wind energy. The company’s goal is to hit 20 GW by 2030, with ongoing projects at various stages of implementation. Notably, Tata Power is working on a 966 MW solar-wind hybrid plant to provide round-the-clock renewable power to Tata Steel, alongside a partnership with SJVN Ltd for a 1.3 GW firm renewable energy project.

Renewable Energy Expansion in India

India’s renewable energy sector is poised for rapid growth, with a target to add 25 GW of wind power capacity by 2028. Between 2020 and mid-2024, the country added 9 GW of wind energy, reflecting growing momentum. According to Fitch Ratings, India saw record project auctions of 70 GW in FY24, tripling the capacity auctioned in the previous fiscal year. With the government’s renewed focus on wind energy, Tata Power’s 3 GW wind turbine bid will play a pivotal role in driving the country’s renewable energy goals.

Capex Plans and Future Targets

Tata Power’s ₹20,000 crore capex plan for the current fiscal year underlines its commitment to green energy. Half of this investment is allocated toward renewable energy, while the remainder will focus on distribution, transmission, and coal-based plants. Despite operating 8.8 GW of thermal power, Tata Power has refrained from expanding in the thermal segment, solidifying its dedication to a sustainable future.

As Tata Power pushes forward, analysts expect the company’s profits to see a two-fold rise by FY27 compared to FY23, driven by its clean energy expansion strategy.