Tata Power Renewable Energy surpasses 1.4GW in group captive projects
Tata Power Renewable Energy Limited (TPREL), a key subsidiary of The Tata Power Company Limited, has reached a significant milestone in the renewable energy sector in India. In the last seven months, TPREL has crossed the 1.4 GW capacity in group captive projects, a remarkable achievement underpinned by the signing of Power Delivery Agreements (PDA) with various industries.
Notable Collaborations and Projects
TPREL’s success story includes collaborations with several prominent companies, such as Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), Supreme Petrochem Limited, Xpro India Limited, and many others. Additionally, TPREL is set to construct a 41MW captive solar plant for Tata Power’s upcoming 4.3GW Solar cell & module manufacturing facility in Tamil Nadu.
CEO’s Statement on the Milestone
Deepesh Nanda, CEO & MD of TPREL, commented on this achievement, highlighting the company’s dedication to sustainability and contribution to the country’s green energy ambitions. He emphasized TPREL’s role in delivering customized clean energy solutions that meet the unique needs of each industry, marking a shared journey towards a sustainable future.
Tata Power Renewable Energy achieves significant milestone in renewable energy sector
TPREL’s Expanding Renewable Capacity
As of October 2023, TPREL’s overall renewables capacity has reached 7,961 MW. This includes 3,755 MW of projects in different development phases and an operating capacity of 4,206 MW, comprising 3,200 MW in solar projects and 1,006 MW in wind projects. Additionally, TPREL has a significant pipeline of renewable projects under finalization, expected to further boost its capacity.
TPREL as a Key Player in Renewable Energy
TPREL’s recent accomplishment solidifies its position as a key player in the renewable energy sector. It confirms the company’s commitment to accelerating the energy transition towards a more sustainable and environmentally friendly future. This milestone represents a significant step in India’s journey towards achieving its green energy goals.