Tata Power Renewable Energy Limited receives ‘Letter of Award’ to set up 150 MW Solar project in Maharashtra
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power receives the ‘Letter of Award’ (LoA) from the Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra.
The LoA was won through tariff-based competitive bidding followed by an e-Reverse auction. The project will be commissioned within 18 months from the PPA execution date.
On the project win, Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, “We feel honoured to receive the LoA from MSEDCL for the 150MW solar project. The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver a world-class solar projects.”
With this, the total renewables capacity of TPREL reaches 5,786 MW with an installed capacity of 3,877 MW (Solar – 2,949 MW & Wind – 928 MW) and 1,909 MW under various stages of implementation.
About Tata Power Renewable Energy Limited:
Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of over 1.1 GW at Bengaluru and plans to set up a greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector.
As on date, TPREL’s total renewable utility capacity is 5,786 MW including 1,909 MW projects under various stages of implementation and its operational capacity is 3,877MW which includes 2,949 MW solar and 928 MW wind. Presently, the company’s solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.2 GW of rooftop and distributed ground mounted systems and over 83,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.
About Tata Power:
Tata Power is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,002 MW. The Company has a presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.
The Company had developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5,142 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 37% of the overall portfolio, the company is a leader in clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.