Title: Tata Power Renewable Energy Adds 1.4 GW in Group Captive Projects, Boosting India’s Renewable Capacity
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power and a leading developer of renewable energy projects, has announced the addition of 1.4 GW group captive projects to its portfolio in India. This brings TPREL’s overall renewables capacity to 7,961 MW as of October 2023, according to a company statement. The addition of these projects demonstrates TPREL’s commitment to a greener and more sustainable future.
Increasing Renewable Capacity:
TPREL’s portfolio now includes 3,755 MW projects in various stages of development. Its operating capacity stands at 4,206 MW, consisting of 3,200 MW in solar projects and 1,006 MW in wind projects. The recent addition of 1.4 GW capacity in group captive projects is the result of Power Delivery Agreements (PDA) signed with prominent industries across different sectors.
Collaborations with Industry Giants:
Notable group captive projects signed by TPREL include collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), and Sanyo Special Steel Manufacturing India Pvt, among others. These partnerships highlight the growing interest of major industries in adopting renewable energy solutions. By leveraging group captive projects, these companies can meet their energy requirements while reducing their carbon footprint.
Towards a Greener Future:
Deepesh Nanda, CEO and MD of TPREL, emphasized that this achievement represents a shared journey towards a greener and more sustainable future. The addition of these group captive projects further strengthens Tata Power’s position as a key player in the renewable energy sector in India.
Tata Power Renewable Energy Ltd’s addition of 1.4 GW in group captive projects underscores the company’s commitment to expanding India’s renewable energy capacity. With collaborations with major industries, TPREL is paving the way for a greener future by providing sustainable energy solutions. As the demand for renewable energy continues to rise, TPREL’s efforts contribute significantly to India’s transition towards a cleaner and more sustainable energy landscape.
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