Tata Power Renewable Energy partners with SJVN for 460MW renewable energy project

Tata Power Renewable Energy Limited (TPREL), a leading player in India‘s renewable energy sector and a subsidiary of The Tata Power Company Limited, has signed a significant Power Purchase Agreement (PPA) with SJVN Limited, an Indian Public Sector Undertaking. This agreement initiates a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project, designed to integrate solar, wind, and battery storage technologies.

The FDRE project aims to provide round-the-clock power, significantly aiding Distribution Companies (Discoms) in fulfilling their Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO). This landmark project not only supports the grid during peak hours but also promises substantial environmental benefits, projecting to generate nearly 3,000 million units (MUs) of power annually and offset approximately 2,200 million kilograms of CO2 emissions each year.

Deepesh Nanda, CEO and Managing Director of Tata Power Renewable Energy Limited, emphasized the strategic value of this collaboration: “This partnership with SJVN Limited will deploy best-in-class sustainable energy solutions from TPREL, significantly contributing to meeting the green energy objectives of SJVN Limited.” This project marks TPREL’s first successful bid in the FDRE tender, showcasing its commitment to advancing reliable and sustainable energy solutions across India.

Pawan Varma, Executive Director (REIA & RTS) at SJVN Limited, shared his enthusiasm for the partnership: “We are excited to collaborate with Tata Power Renewable Energy Limited in this endeavor to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation’s transition towards clean energy.”

With the addition of this project, TPREL’s total renewable capacity reaches 9,421 MW, with 7,978 MW under PPA. The operational capacity stands at 4,515 MW, including 3,485 MW solar and 1,030 MW wind. The company also boasts a substantial solar EPC portfolio, featuring over 12.8 GWp of ground-mount utility-scale, more than 2 GW of rooftop and distributed ground-mounted systems, and over 100,000 solar water pumps, affirming its commitment to providing integrated green energy solutions.

The collaboration between Tata Power Renewable Energy Limited and SJVN Limited sets a new standard for large-scale renewable projects in India. It reflects a significant stride towards achieving India’s ambitious renewable energy targets and enhancing sustainable energy infrastructure, poised to make a lasting impact on the energy landscape.

This partnership is a strategic move within the renewable energy sector, representing a significant step forward in aligning India’s energy production with global sustainability standards. By integrating advanced technologies such as solar, wind, and battery storage, Tata Power Renewable Energy Limited and SJVN Limited are not only contributing to the stability of the grid but also actively participating in the global effort to reduce carbon emissions.