Reportedly, the Hinduja Group plans to achieve 10 GW of renewable energy capacity, which is more than triple its renewable energy capacity from the current 3 GW to over 10 GW by 2030.
The group will invest between USD3 billion and USD4 billion in solar, wind, hybrid projects, and battery energy storage systems. The capital expenditure will be funded through a mix of debt and equity with a debt-to-equity ratio of nearly 70:30. While scaling up its green portfolio, the group will continue to operate its thermal assets, ensuring a balance between conventional and renewable power sources. The expansion strategy also includes integrating electric vehicle charging infrastructure and deploying digital analytics to enhance performance and reliability. The group is in discussions with global investors to support its renewable energy growth plans.
