Tata Power’s Renewable Energy Portfolio Reaches 3883 MW In Q4 FY20

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  • Tata Power said that it saw a 34 per cent increase last year with higher operational revenues and EPC volume
  • It received a letter of award from NTPC for a 250 megawatt solar project under the central public sector undertakings (CPSU) scheme in FY 20

Tata Power has announced that its renewable business capacity crossed 2,637 MW with 1705 MW solar and 932 MW wind. It also said that with this, the company’s renewable energy portfolio that includes clean and green projects at 3,883 MW. It is a seven per cent increase from the corresponding quarter last year.

Praveer Sinha, managing director, and CEO, Tata Power said, “We, at Tata Power, have constantly strived to proliferate the company’s renewable energy portfolio with each passing year. We successfully added a capacity of 312 MW to our TPREL portfolio last year and are in the process of adding another 700 MW. We aim to add a large amount of renewable energy capacity through wind, rooftop solar, solar panels and microgrids to our portfolio every year and scale up our existing portfolio in the next five years,”

Transform the existing model of supply and usage of power

Tata Power said that it saw a 34 per cent increase last year with higher operational revenues and engineering, procurement, and construction. (EPC) volume. It also said that the operating renewable portfolio of Tata Power has grown to 2,197 MW, comprising 551 MW wind and 1,646 MW solar respectively this year. Presently, Tata Power contributes about 36 per cent of its capacity (in MW terms) through a clean and green generation source. It also has plans to transform the existing model of supply and usage of power with the arrival of new technologies and climate change challenges.

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Ashish Khanna, president, Renewables, Tata Power said, “As the nation is gripped by the ongoing COVID-19 pandemic, we have continued to operate nearly 71 of our renewable project sites at optimum capacity owing to the rising power demands of the states. The announcement by the Government of India that must-run status of renewable energy projects and payments to renewable energy generators to be made on regular basis by the discoms is indeed a welcome move amid this crisis.”

Tata Power Solar received a letter of award from NTPC for a 250 megawatt solar project under the central public sector undertakings (CPSU) scheme in FY 20. This aims to set up 12,000 MW of solar capacity by government companies by the financial year 2022-23. Tata Power Renewable Energy Limited (TPREL) also commissioned 150 MW solar capacity in Rajasthan’s Chayan village. It also started the development of 500 MW of renewable capacity across the country. This included a 100 MW under PPA signed with UPPCL and NPCL in Uttar Pradesh, 100 MW under a power purchase agreement (PPA) signed with GUVNL at Raghanesda solar park and 250 MW at Dholera solar park.

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