Tata Power’s subsidiary Tata Power Renewable Energy has won a 150 MW-solar PV project on the long-term basis in Maharashtra. This project is a part of Maharashtra State Electricity Distribution Co’s 1,000-MW grid-connected solar power projects for which it had invited bids a period of 25 years. Tata Power will now sign a power purchase agreement with MSEDCL.
TPREL is working towards Tata Power group’s renewable energy portfolio and achieve 30-40% generation capacity through clean energy sources. To achieve this goal, we are evaluating clean and green energy projects which are in line with our core business value of sustainable growth and returns to the shareholders and will further enhance and increase our clean energy footprint
Tata Power aims to have 35-40% of its generation capacity from non-fossil fuel sources by 2025. Currently, it has a renewable energy capacity of over 2,000 MW and green generation portfolio (consisting of solar, wind, waste heat recovery and hydro) of over 3,400 MW.