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Summary
By 2030, Tata Power wants clean energy to cover 80% of its generation capacity as it aims to become net carbon neutral by 2045. The residential solar market, which is likely to reach 3.2GW in FY23 from 2GW currently, is one of them. The important part that it is focusing on. But there are obstacles that it must cross.
Tata Power, India’s largest integrated energy company, seems to have a good understanding of where the future of the energy sector lies. It wants renewable energy to cover 60% of its portfolio in 2025 from 30% now. And it’s on course to add 15 gigawatts (GW) of green power in that time. The company recorded 94% year-on-year revenue growth in the solar rooftop segment alone in FY22. Its stock has increased more than 1,000% in two years. The
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