Engineering company Tata Projects is stepping up its focus on the green hydrogen market, as the need for clean energy sources gathers pace in the country, Vinayak Pai, managing director of Tata Projects told Business Standard.
Pai said that the company was building capabilities to provide engineering, procurement and construction (EPC) solutions for green hydrogen plants.
Tata group is planning to venture in the green hydrogen market with the new project of building EPC solutions in partnership with the Indian Oil Corp.
Green energy is witnesses historic investments from leading Indian energy companies including Adani and Reliance Industries. Tata Power Co. said it will invest more than 750 $9.5 billion in renewables over the next five years, as it aims to almost double the share of clean energy in its portfolio.
Tata, which is one of India’s largest renewable energy players, is positioning the Tata Power at the top to deliver to the changing landscape of India’s renewable energy focus. The major aim of Tata group is to dedicate the country with energy from green natural resources from the force of the wind to the power of the sun.
On Monday, India’s Parliament passed a Bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen. The legislation provides for penalties for violations by industrial units or vessels, and on manufacturers if a vehicle fails to comply with fuel consumption norms, including amendments to promote renewable energy and the development of a domestic carbon market to battle climate change.