Tata Power Renewable Energy Limited (TPREL), one of the India’s leading renewable energy players and a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with NTPC Limited, India’s largest integrated power company to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) Project.
The project, spread across multiple locations in India is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year. The project was won by TPREL based on competitive bidding and would consist of Solar, Wind and BESS technologies. A key feature of this initiative is the commitment to a 4 hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Distribution Companies.
This collaboration reinforces TPREL’s position as a leader in India’s renewable energy sector with hybrid and complex renewable projects, consisting of Solar, Wind and battery storage. With a steadfast commitment to sustainability and innovation, the Company continues to drive forward India’s mission of a greener and more resilient clean energy future.
With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.
About Tata Power Renewable Energy Limited:
Tata Power Renewable Energy Limited (TPREL) is a subsidiary of The Tata Power Company Limited and is one of the country’s most significant renewable energy players. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage) that it owns, operates, and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility-scale projects & solar rooftop. Alongside its extensive portfolio of renewable solutions, the company boasts a cutting-edge solar cell and module manufacturing plant in Bengaluru, with capacities of 530 MW for solar cells and 682 MW for modules. Additionally, the company has 4.3 GW cells and module manufacturing plant at Tirunelveli, Tamil Nadu. TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. As on date, TPREL’s total renewable utility capacity is 10.9 GW (PPA capacity is 8.9 GW) including 5.4 GW projects under various stages of implementation and its operational capacity is 5.5 GW, which includes 4.5 GW solar and 1 GW wind. Presently, the company’s solar EPC portfolio is more than 15.7 GWp of ground-mount utility-scale, over 2.5 GW of rooftop and distributed ground-mounted systems. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions. Know more: www.tatapowersolar.com
About Tata Power:
Tata Power is a leading integrated power company and a part of Tata Group, India’s largest multi-national business conglomerate. The company has a diversified portfolio of 15.7 GW, spanning across the entire power value chain – from renewable and conventional energy generation to transmission & distribution, trading, storage solutions and solar cells and module manufacturing. As a pioneer of clean energy transition in India, Tata Power has 6.8 GW of clean energy generation, which constitutes 44% of its total capacity. The company has also committed to achieve carbon neutrality before 2045.Tata Power has established India’s most comprehensive clean energy platform, with offerings such as rooftop solar, microgrids, storage solutions, EV charging infrastructure, home automation etc. The company has also attracted global investors to support its growth and vision. Tata Power has successfully partnered with public and private entities in generation, transmission & distribution sectors in India, serving approx.12.5 million customers across the country. To know more about Tata Power, visit www.tatapower.com.
