Larsen & Toubro (L&T) has announced the establishment of a distinct Renewable EPC (Engineering, Procurement, and Construction) business vertical, carved out from its existing Power Transmission & Distribution segment within the Infrastructure Projects division. The above decision, the company said, is effective from September 1,2024.
The move comes in response to the accelerating global transition toward clean energy. As decarbonized electricity becomes pivotal in addressing climate change, advancements in renewable technology—particularly solar and wind—are reshaping the energy landscape. The variability of renewable sources necessitates a hybrid approach, incorporating diverse energy sources and storage solutions to ensure consistent supply year-round.
India is at the forefront of this green transition, aiming to boost non-fossil fuel-based electricity as part of its Vision 2047 and broader climate goals. The country’s commitment is evident through various initiatives and schemes like Green Energy Corridors, which support increased renewable capacity and job creation.
The Middle East, with its high solar irradiance and substantial land availability, represents a key market for solar projects. L&T is already a significant player in this region, with ongoing projects including the 700 MW Ar Rass Solar PV IPP and the 1.6 GW Sudair solar plant in Saudi Arabia. The company has recently secured orders for two additional plants with a combined capacity of 3.5 GWac.
Globally, L&T boasts a portfolio of 22 GWp in renewable EPC projects, including ground-mounted and floating solar installations, wind balance-of-plant projects, and a 3 GWh battery energy storage system. Notable projects include the 250 MWp solar PV plant in the Amaala Project and the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
In India, L&T’s achievements include the 90 MW Omkareshwar Floating Solar project and the country’s first grid-scale solar cum storage project. These accomplishments underscore the company’s capability in delivering large-scale renewable infrastructure.
To drive this growth further, L&T has appointed Mr. A. Ravindran, Senior Vice President, as the Head of the newly formed Renewable EPC business. Mr. S.N. Subrahmanyan, Chairman & Managing Director of L&T, highlighted the strategic importance of this move, stating, “The growth of our Renewable EPC business has accelerated, and this dedicated vertical will enhance our ability to serve customers with increased autonomy and leadership oversight.”
