TP Saurya Ltd, an arm of Tata Power Renewable Energy, has signed a power purchase agreement (PPA) with Tata Power Trading Co. for a 200 MW (280 MWp) solar project in Rajasthan.
The solar plant in Dhule would supply power to air separation units operated by INOX Air Products in Maharashtra.
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
Tata Power Renewable Energy Ltd will set up a 3.125 MW ‘group captive’ solar plant to supply power to the Vivarea Condominium residential society in Mumbai.
Tata Power Renewable Energy Ltd has secured the letter of award to build a 255 MW hybrid (170 MW wind and 85 MW solar) power project in Karnataka. The project will supply power to Tata Power Delhi Distribution Ltd,
Tata Power Solar Systems has launched off-grid PV solutions in eleven variants ranging from 1 to 10 kW. The solutions are a combination of modules, inverters, and batteries.
Tata Power has raised INR 4,000 crore (US$ 525 million) from a consortium led by the world’s largest fund manager BlackRock Real Assets and Abu Dhabi sovereign wealth fund Mubadala Investment Company to fund the growth of its renewable energy business.
Tata Power’s renewable energy capacity in operation has swelled to 3,055 MW (2,123 MW of solar and 932 MW wind) with the latest addition of 50 MW PV plants each at Prayagraj and Banda.
The latest addition takes Tata Power Renewable Energy’s total installed capacity to 2,797 MW, including 1,865 MW of solar and 932 MW wind.
The integrated power producer’s renewable capacity will now swell to 3,457 MW. Of this, 2,637 MW (932 MW wind and 1705 MW solar) is operational and 820 MW solar (including the latest 120 MW won from Gujarat Urja Vikas Nigam Limited) under implementation.
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