In order to provide engineering, procurement, and construction (EPC) solutions for green hydrogen plants, Pai stated that the company was developing its capacity to do so, reports energynews.
In a new project including the development of EPC solutions in collaboration with the Indian Oil Corp., the Tata Group intends to enter the green hydrogen market.
Leading Indian energy firms like Adani and Reliance Industries are making historic investments in green energy. Over the next five years, Tata Power Co. plans to invest more than $9.5 billion in renewable energy in an effort to nearly increase the proportion of clean energy in its portfolio.
One of the biggest stakeholders in renewable energy in India, Tata, is positioned Tata Power at the forefront to meet the evolving needs of the country’s renewable energy agenda. The Tata Group’s main objective is to provide the nation with clean, renewable energy derived from wind and solar energy.
A bill mandating the use of non-fossil energy sources like biomass, ethanol, and green hydrogen was approved by India’s Parliament in December. The Act includes measures to support renewable energy and the formation of a domestic carbon market to combat climate change, as well as penalties for violations by industrial units or boats as well as on manufacturers if a vehicle does not comply with fuel consumption rules.
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