Tata Power Renewable Energy Ltd. (TPREL), one of India’s largest renewable energy companies, and Tata Power’s wholly-owned subsidiary, has commissioned a 100 MW solar project at the Pavagada Solar Park, located in Tumakuru District, Karnataka.
The project was won by the company last May under the National Solar Mission Phase-II, Batch-II, Tranche-I State Specific Bundling Scheme. With this development, TPREL’s total installed operating capacity now stands at 1,614 MW.
The two 50 MW plants have been built over 533 acres. The generated electricity will be sold under a 25-year PPA with NTPC Ltd at a tariff of INR 4.79 (US$0.075)/kWh.
Commenting on the milestone, Rahul Shah, CEO, TPREL, said, “The commissioning of the 100MW solar plant in Karnataka fortifies our position of being the largest renewable energy company in the country, with a strong presence in solar power generation. We prefer development opportunities in solar parks as land and evacuation are provided, and we can focus on the project.”
He added, “We continue to seek potential areas across India and in select International markets through organic and inorganic opportunities.”
TPREL recently commissioned a 25 MW solar plant in Charanka, at the Gujarat Solar Park , and a 30 MW solar plant in Palaswade, Maharashtra.
Tata Power’s vision is to have 35-40% of the company’s total generation capacity from non-fossil fuel sources by 2025. Its renewable energy capacity this year has crossed the 2,000 MW mark, while its green generation portfolio totals over 3,000 MW.