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Tata Power to invest Rs 1.46 trillion to double capacity by 2030

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Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha.  As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from renewable energy. The company also focuses on expanding its transmission and distribution segments. Tata Power plans to increase its transmission…

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India leads in clean-tech funding, surpassing China in Q3 2024

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India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total.  This marks the second-highest funding globally, following the US.  About a quarter of seed-stage investments in climate-related startups are now directed towards India.  However, challenges remain, as the country needs significantly more capital to meet long-term climate goals.  Despite this, the market is expected to boom as more solutions…