Mubadala, in partnership with BlackRock Real Assets, invested USD 525 million in Tata Power Renewables platform in 2022, to support the significantly growing demand for new sources of clean energy in India.
A consortium led by Mubadala and BlackRock Real Assets invested 40 billion Indian rupees (USD 525 million) in a subsidiary of India’s Tata Power to create the country’s most comprehensive renewable energy platform.
With a proven track record of green and clean energy generation, Tata Power Renewables is one of India’s largest integrated power companies and is well positioned to support the country’s energy independence and transition. It is one of the largest renewable energy companies in India, and over the next five years aims to achieve a portfolio of more than 20 GW of renewable energy generation capacity,. Tata Power Renewables is set to become a market-leader in the rooftop solar and electric vehicle charging space across India.
Tata Renewables aims to contribute 6%, or electricity capacity of 30 GW, to India's grid by 2030 – which is enough energy to power the whole of Belgium today.
