Larsen & Toubro (L&T) has established a dedicated Renewable EPC business vertical, separating it from its Power Transmission & Distribution division within the Infrastructure Projects segment.
The transition to clean energy has accelerated in recent years, with decarbonized electricity playing a pivotal role in combating climate change. Advances in renewable generation technology have fueled this trend, particularly in solar and wind energy. As renewable energy’s share in the global energy mix grows, new drivers of electricity demand are emerging, requiring strict reliability and power quality standards. The inherent variability of renewable sources necessitates a hybrid approach, combining different energy sources and incorporating storage systems to ensure a consistent and dispatchable energy supply around the clock, year-round. Additionally, innovative market structures such as capacity markets and flexibility markets are poised to evolve alongside traditional energy-only markets.
India is making significant strides in promoting renewable energy, with a focus on increasing the share of non-fossil fuel-based electricity. The country views green jobs and renewable energy growth as key components of its vision for a “Viksit Bharat” and equitable climate justice globally. Renewable Energy Implementing Agencies in India have outlined clear capacity addition plans, with initiatives like the Green Energy Corridors currently underway.
The Middle East, with its high solar irradiance, ample land availability, alignment of solar generation with peak cooling demand, and the potential to free up fossil fuels for export, is an ideal region for solar energy generation. Beyond these core markets, substantial investments are taking place in adjacent regions such as the SAARC, ASEAN, CIS, and African countries.
L&T is already a global leader in the renewable EPC sector, boasting a portfolio of 22 GWp in renewable projects. This includes Ground Mounted Solar, Floating Solar, and Wind Balance of Plant projects, as well as Battery Energy Storage Systems with a combined capacity of 3 GWh. Coupled with its Grid and Digital Energy Solutions, L&T has earned a strong reputation for the timely and safe construction of large-scale renewable projects.
L&T is involved in some of the world’s largest single-site renewable energy parks. In Saudi Arabia, the company is a key player in major projects like the 700 MW Ar Rass Solar PV IPP, the 2,000 MW Ar Rass-2 Solar PV IPP, and the 1.6 GW Sudair solar plant. Recently, L&T secured orders for two additional plants with a total capacity of 3.5 GWac. The company is also building power and grid systems for one of the world’s largest green hydrogen plants at NEOM. Moreover, L&T is advancing renewable infrastructure with a 250 MWp solar PV plant in the Amaala Project and has completed a significant solar installation in Jeddah. In Dubai, L&T is executing Phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park.
In India, L&T has delivered iconic renewable energy projects, including the recently commissioned 90 MW Omkareshwar Floating Solar project. The company has also completed India’s first grid-scale solar plus storage project and implemented decentralized distributed generation packages for remote villages, among other notable achievements.
To enhance management visibility and ensure the seamless integration of resources and capabilities, L&T has created the Renewable EPC business as part of its construction verticals. A. Ravindran, Senior Vice President of Larsen & Toubro, has been appointed as the Head of the Renewable Business.
Commenting on the development S.N.Subrahmanyan, Chairman & Managing Director – Larsen & Toubro said, “The growth of renewable EPC business has accelerated in recent years. Thanks to our early start and investments, we have built an organization that is uniquely placed in the value chain of creating sustainable energy infrastructure. This space is promising. Multiple opportunities are visible. We want to capitalize on our success and wish to remain a preferred partner of choice for our customers. Creation of this vertical will give increased autonomy, customer proximity and leadership oversight to the business and enable us to excel in this space.”
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