Tata Power Forms New Arm to Set Up 10,000 Microgrids by 2026

However, the newly formed company, TP Renewable Microgrid Ltd, will be operated and managed by the Tata Power itself, while the Rockefeller Foundation will provide technical support to the offshoot for achieving its objective.

Utility giant Tata Power on Monday announced the formation of its new arm, TP Renewable Microgrid Ltd, with an aim to set up 10,000 microgrids in India by 2026 in order to provide power to millions of people.

Further, the company would be set up in collaboration with the Rockefeller Foundation, and it will become the world’s largest microgrid developer and operator.

The company said in a statement that, TP Renewable Microgrid represents important scaling up of efforts to provide access to affordable, reliable and clean electricity in India, and will serve as a model for expanding access to over 800 million people who are without power worldwide.

As per the company statement, by scaling up an innovative microgrid model to be implemented in collaboration with Smart Power India (SPI) and the Institute for Transformative Technologies, TP Renewable Microgrid Ltd. will provide clean power to nearly five million households, directly impacting the lives of twenty-five million people over the next decade.

However, the newly formed company, TP Renewable Microgrid Ltd, will be operated and managed by the Tata Power itself, while the Rockefeller Foundation will provide technical support to the offshoot for achieving its objective.

Commenting on the development, Tata Power, CEO, Praveer Sinha said “we are proud to bring energy to millions of people, once at scale, TP Renewable Microgrid Ltd anticipates supporting 100,000 rural enterprises, creating 10,000 new green jobs, and providing irrigation for over 400,000 local farmers.”

“We look forward to empowering communities across India by creating micro enterprise and creating opportunities for all people,” Sinha added.

TP Renewable Microgrid Ltd.’s anticipated rollout of 10,000 grids will drastically expand the global microgrid footprint, and will act as a catalyst for governments and the private sector to collaborate in building clean, resilient and stable grids in other markets.

“We have an unprecedented opportunity to transform the lives of millions of people in India by providing access to power,” said Dr. Rajiv J. Shah, President of The Rockefeller Foundation. “Providing reliable electricity to the communities that need it most is one of the best ways for us to end poverty and unleash economic opportunity in our lifetimes.”