Hinduja Group aims to invest $4 billion to expand its green energy capacity threefold by 2030

The Hinduja Group plans to boost its renewable power capacity from 3 GW to over 10 GW by 2030. The group plans to allocate $3–4 billion towards solar, wind, hybrid projects, and battery energy storage systems (BESS).

Balanced Approach: Thermal + Renewables

While renewables will take the lead, Hinduja will continue running its 1,040 MW thermal power plant in Vizag. The company is also exploring brownfield expansion in thermal, in line with India’s plan to add 80 GW of coal capacity in the next 5 years.

Funding the Expansion

Of the $3–4 billion investment, about 70% will be raised through debt and the remaining 30% through equity. Hinduja may also invite domestic and global investors, including pension funds, as the portfolio scales up.

Focus on Storage and Reliability

Most of Hinduja’s capacity today is solar, but the company is increasingly betting on hybrids with storage. Storage durations are expected to increase from 2 hours to 6–8 hours in the coming years. Pumped hydro projects are also being considered to ensure round-the-clock power like thermal plants.

Integration with EV Charging

The group is aligning its renewable energy initiatives with its electric mobility strategy. Through Gulf Oil, it has acquired UK-based Indra, specialising in slow EV charging with vehicle-to-grid technology, and India’s Tirex, known for fast chargers. This synergy aims to create a clean energy ecosystem for electric vehicles.

Use of Digital Analytics

Hinduja is deploying digital analytics across plants and corporate functions to improve performance, efficiency, and reliability of operations.

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Market and Growth Outlook

Nearly 1.5 GW of capacity is currently operational, with most projects supported by SECI and NTPC, ensuring reliable payment security. While land acquisition and grid connectivity continue to pose challenges, declining solar panel and battery costs are enhancing project feasibility. Additionally, round-the-clock (RTC) renewable projects could supply surplus power to the merchant market, improving profitability. 

Conclusion

Hinduja Group plans to invest $3–4 billion to expand its renewable capacity threefold while maintaining a balance with thermal power. With a focus on storage, EV integration, and digital technologies, the group is gearing up to play a major role in India’s shift toward clean energy. 

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