Larsen & Toubro's (L&T) plans to invest $12 billion in green energy over the next five years. The investment will be used to develop solar, wind, and hydropower projects in India and overseas. L&T is one of India's largest engineering and construction companies. The company has a long history of working in the energy sector, and it is well-positioned to take advantage of the growing demand for green energy.
The investment in green energy is a major strategic shift for L&T. The company has traditionally focused on traditional energy sources, such as coal and gas. However, the company is now betting that the future of energy lies in green technologies.
L&T's investment in green energy is a good sign for India's clean energy transition. The company's expertise and scale will help to accelerate the development of green energy projects in India. This will help India to meet its ambitious climate goals and to reduce its reliance on fossil fuels.
The company plans to invest $6 billion in solar power projects over the next five years. This will help India meet its target of installing 100 GW of solar power by 2022. L&T also plans to invest $3 billion in wind power projects over the next five years, which will help India meet its target of installing 60 GW of wind power by 2022. The company is also considering investing in hydropower projects, but it has not yet announced any specific plans.
L&T's green energy plans are ambitious, but they are also achievable. The company has the expertise and scale to make a significant contribution to India's clean energy transition.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
