Torrent Power Aims for 10 GW Renewable Energy Capacity by 2030. In its most recent Integrated Annual Report for FY2025–2026, the company is presently building about 3 GW of pumped storage projects. Additionally, they will assist the company’s 4 GW renewable project pipeline, which, as of March 31, 2026, was being installed. The project will cost around ₹27,830 crore.
It is anticipated that these initiatives will provide more dependable integration of renewable energy sources and assist grid-scale energy storage. Additionally, these initiatives support Torrent Power’s goal of constructing 10 GW of renewable energy capacity by 2030.
The company said these projects would support its renewable capital expenditure (CAPEX) of around ₹6,010 crore in FY26, with investments expected to increase further in FY27 to accelerate capacity addition. Torrent Power is targeting around 10 GW of renewable capacity by 2030 through disciplined bidding and execution while actively participating across various tenders and commercial and industrial (C&I) channels.
During FY26, Torrent Power commissioned the Khavda Phase II Part-D transmission project, comprising a 400 kV multi-circuit transmission line spanning around 240 circuit kilometres (ckm) and associated bay upgrades from 2,000 Amp to 3,150 Amp. The project supports the evacuation of 4.5 GW of renewable energy from the Khavda Power Station in Gujarat and involves an investment of approximately ₹600 crore.
The company also stated that the TBCB Solapur Transmission Project SPV is currently under construction and is targeted for commissioning in the first half of FY27. The project includes a 400/220 kV AIS substation, around 80 ckm of 400 kV double-circuit quad transmission line, and associated bays. It will enable the evacuation of 1,500 MW of renewable power from the Solapur SEZ in Maharashtra.
Additionally, Torrent Power infused ₹240 crore in equity during FY26 for the commissioning of the TPGL Khavda project.
Torrent Power said that to support higher renewable energy integration and reduce curtailment, Pumped Storage Projects (PSPs) and Battery Energy Storage Systems (BESS) are becoming increasingly central to grid operations.
While renewable energy is expected to dominate incremental capacity additions, Torrent Power said thermal generation will continue to play an indispensable role in providing baseload and peak power, supporting grid stability amid the increasing penetration of variable renewable energy sources such as solar and wind.
Torrent Power has an operating generation capacity of 5.1 GWp, with clean and green energy making up about 82% of its portfolio, according to its FY2025-26 Integrated Annual Report. The company maintains a distribution loss of 2.33% in its permitted territory while serving around 4.3 million consumers and distributing almost 31 billion units of electricity yearly. With a planned investment of about ₹27,830 crore for renewable capacity expansion, Torrent Power currently has about 4.0 GWp of renewable projects and 3 GW of pumped storage projects under construction to increase its renewable portfolio.
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