Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) at the COP29 climate conference in Baku, Azerbaijan, to explore financing renewable energy and infrastructure projects valued at $4.25 billion. The projects aim to strengthen India’s renewable energy capacity, enhance power distribution networks, and expand clean energy infrastructure. This collaboration is aligned with India’s objective of achieving 500 GW of renewable energy capacity by 2030.