Tata Power Charts Exit from Thermal Portfolio by 2045 as PPAs Expire

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Tata Power, one of India’s largest integrated power companies, has unveiled a definitive roadmap to fully transition away from its thermal (coal-based) power portfolio by 2045, aligning with expiring Power Purchase Agreements (PPAs) and the company’s ambitious sustainability goals.

Key Highlights:

Complete Thermal Exit by 2045:

Tata Power will phase out all coal-based generation by 2045, as existing PPAs for its thermal capacities naturally expire, marking a full shift to clean energy sources.

Accelerated Renewable Expansion:

The company aims for 100% clean power generation by FY2045, with a target of 70% of its capacity from renewables as early as 2030. Investments are focused on solar, wind, battery storage, and pumped hydro projects.

Massive Green Capex:

Tata Power plans to invest up to ₹1.46 lakh crore between FY25 and FY30, with 60% of this earmarked for renewable energy projects. FY25 alone will see a capex of around ₹21,000 crore, doubling from two years ago.

Rapid Growth in Renewables:

As of April 2025, Tata Power’s renewable energy capacity has reached 10.9 GW, with 5.5 GW operational and 5.4 GW under development. The company’s total installed generation capacity stands at over 15.7 GW, with renewables now comprising nearly 44% of its portfolio.

Smart Grid and Storage Investments:

The transition includes significant upgrades to transmission and distribution infrastructure, smart grids, and large-scale energy storage to ensure reliable, round-the-clock green power.

Industry Leadership:

Tata Power’s commitment to decarbonization sets a benchmark for the Indian power sector, supporting national goals of 500 GW non-fossil fuel capacity by 2030 and demonstrating a structured, market-driven exit from coal.

Strategic Rationale:

The company’s roadmap is shaped by both environmental imperatives and evolving market returns, with a clear focus on sustainable, long-term growth as India’s energy landscape transforms.

Tata Power’s thermal phase-out by 2045 marks a watershed moment in India’s energy transition, positioning the company as a leader in clean, reliable, and future-ready power.

Source: Tata.com, Economic Times, IEEFA, Sharescart, Tata Power Media Releases

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