Torrent Power informed that it has committed investments of over Rs 64,000 crore for green or renewable energy projects at 'RE-Invest 2024' with potential employment of 26,000.

The company has also submitted Shapath Patra for installing 10 GW of Renewable Energy (RE) projects by 2030, with 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 has signed a memorandum of understanding (MoU) with Government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project at Dwarka District in Gujarat.

The firm stated that it has submitted for setting up 1 lakh kilo tonnes per annum (KTPA) green ammonia production facility with an investment of Rs 7,200 crore and employment generation for around 1,000 people.

Torrent Power has already announced that it intends to install about 5 to 8 GW of PSP capacity entailing investment of Rs 25,000 to Rs 35,000 crore. Torrent Power has a track record of successfully commissioning and operating large infrastructure projects.