Torrent Power aspires to reach its renewable energy capacity to 5 GW in next five years

Ahmedabad-based power generation and distribution company Torrent Power aims to achieve a renewable energy capacity of 5 gigawatts (GW) within the next four to five years. Presently, its capacity in this segment stands at 2 gigawatts, including both operational and under-development plants. So, the company anticipates a substantial increase in its total renewable power capacity over the specified timeframe.

In an interview with CNBC-TV18, Saurabh Mashruwala, CFO of Torrent Power, said that the company aspires to increase its renewable energy capacity from the current 2 GW to a substantial 5 GW.

“We have an ambition to reach 5 gigawatts (GW) of renewable capacity in the next 4-5 year. Currently, we are at 2 gigawatts including the under-development capacity,” he said.