Hinduja Renewables to Invest $4 Billion to Triple Capacity to 10 GW with Focus on Wind and Storage
Hinduja Renewables Energy will invest $4 billion to expand its renewable capacity from 3 GW to 10 GW, emphasizing wind power and energy storage. The company is transitioning to hybrid solar-wind projects and developing pumped hydro storage to support India's demand for consistent green power.
Currently, HREPL operates in rooftop solar, ground-mounted projects for commercial clients, and utility-scale projects. The strategy includes co-locating wind and solar assets to optimize infrastructure use.
HREPL has signed agreements for approximately 11,000 MW of pumped storage capacity in Assam, Uttar Pradesh, Chhattisgarh, Odisha, and Uttarakhand, with a detailed project report for a 1,000 MW project in Assam nearing completion. The company plans to invest ₹12,000-15,000 crore in pumped storage over the next five years, alongside advancements in digitalization and in-house capabilities.
