Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd. increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”
TPREL’s strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
About Tata Power Renewable Energy Limited
TPREL is a wholly owned subsidiary of Tata Power. TPREL is Tata Power’s primary investment vehicle for clean and renewable energy based power generation capacity. TPREL’s present operating capacity is 1876 MW, comprising 841 MW wind and 915 MW solar, located in the states of Maharashtra, Gujarat, Madhya Pradesh and Rajasthan. The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations. In order to aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out its 500MW clean energy assets from its books into TPREL. TPREL is seeking to grow its renewable portfolio in India and in select international markets through organic and inorganic opportunities. With the acquisition of Welspun Renewable Energy Pvt. Ltd. and the project pipeline, TPREL’s portfolio grows to about 2.2GW making it the largest Renewable Energy company in India.