Torrent Power, the power utility of diversified Torrent Group will invest Rs 64,000 crore in green energy projects. In two 'Shapath Patras' to the Union Ministry of New and Renewable Energy, Government of India at the fourth edition of RE-Invest at Gandhinagar, the company stated that it will achieve 10 GW of installed renewable energy (RE) capacity by 2030, with an investment of Rs 57,000 crore.

This investment is expected to generate direct and indirect employment for around 25,000 people.

As part of these commitments, Torrent Power signed a memorandum of understanding (MoU) with the Gujarat government for execution of five GW solar, wind or solar-wind hybrid project in Dwarka district. The second ‘Shapath Patra’ was submitted for setting up 1,00,000 KTPA green ammonia production facility with an investment of Rs 7,200 crore, with a potential to generate employment for around 1,000 individuals.

Torrent Power has identified pumped storage project (PSP) sites in multiple states.