Hinduja Group targets 10 GW renewable energy portfolio by 2030

Hinduja Group has outlined plans to expand its renewable energy capacity from the current 3 GW to over 10 GW by 2030. The company will invest between USD 3 billion and USD 4 billion across solar, wind, hybrid projects, and battery energy storage systems.

The group said funding will be structured with a debt-to-equity ratio of around 70:30. While expanding its renewable portfolio, it will continue operating its existing thermal power assets to maintain a balance between conventional and clean energy generation.

The strategy also includes integrating electric vehicle charging infrastructure and deploying digital analytics to improve performance and reliability. Hinduja Group is in discussions with global investors to support this expansion.

Hinduja Renewables Energy Private Limited currently operates around 3 GW of capacity, primarily solar, along with wind and hybrid assets. The portfolio is complemented by a 1,040 MW coal-based power station in Vizag, Andhra Pradesh, operated by Hinduja National Power Corporation.

The company expects much of its new growth to come from hybrid solar projects with storage. Storage durations, now typically at two hours, are expected to move to four hours and could extend to six to eight hours in future. Pumped hydro is also being considered to enhance grid reliability to levels comparable with thermal generation.