Tata Power–Bank of Baroda Pact Unlocks ₹10 Crore Collateral-Free Loans for Solar Projects up to 10 MW

Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a Memorandum of Understanding (MoU) with Bank of Baroda, one of India’s premier public sector banks, to facilitate financing solutions for MSME and Commercial & Industrial (C&I) customers opting for solar energy.

Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorized channel partners. This initiative is designed to help MSME and C&I businesses adopt renewable energy with greater ease, reduce operating costs, and contribute to India’s sustainability goals.

The financing scheme offers several key benefits, which include an attractive rate of interest starting from 7.75%, collateral-free loans of up to ₹10 crore CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) coverage, flexible repayment tenure of up to 120 months, pan-India financing coverage, reduced margin requirements (starting from 20%), and concessional processing fees.

As of August 2025, TPREL has successfully completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. In the C&I segment, TPREL has catered to a diverse set of customers across various sectors viz - Hospitality, Automotive, Aviation, Education, HVAC, Chemical, Steel, Electronics, and Textiles, among others.

This collaboration underscores TPREL’s commitment to accelerating clean energy adoption across industries and highlights Bank of Baroda’s focus on strengthening green financing to support India’s transition towards a low-carbon economy.

It further reinforces TPREL’s position as a leader in India’s renewable energy journey, contributing to the nation’s target of achieving 500 GW of renewable energy capacity by 2030.

Tata Power Renewable Signs 838 MW Wind Turbine Deal with Suzlon to Accelerate India’s Clean Energy Goals

Tata Power Renewable Energy Limited (TPREL), a key player in India’s green energy landscape and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a contract with Suzlon Group (Suzlon) for the supply of wind turbine generators with a combined capacity of 838 MW. These turbines will support TPREL’s various projects across multiple states, scheduled for completion over the next few years.

This partnership reinforces TPREL’s position as a leader in India’s renewable energy transition, playing a vital role in advancing the country’s target of reaching 500 GW of renewable energy capacity by 2030. It also reflects TPREL’s focus on scaling up wind-led clean energy projects that are reliable, dispatchable, and economically viable.

TPREL has a wind energy portfolio exceeding 3.9 GW, with over 1 GW operational and the remainder under various stages of development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

Under the agreement, Suzlon - a prominent renewable energy player- will deliver a comprehensive end-to-end solution for these projects, leveraging its extensive expertise in the wind energy domain.

The agreement marks the third strategic collaboration between TPREL and Suzlon, highlighting a strong partnership built over more than a decade.

This initiative supports Tata Power’s overarching goal of achieving 100% clean energy by 2045 and complements its expanding renewable energy portfolio, which currently totals 15.7 GW, with 6.9 GW sourced from clean energy.

Tata Power Rolls Out Affordable Solar Rooftop Solutions

• Launches solar rooftop solutions starting from Rs 2499 in Odisha, backed by attractive financing options
• Aiming to accelerate India's clean energy transition with a target of 3 lakh rooftop installations in Odisha and 10 lakhs nationwide in the next 3 to 5 years
• Tied up with OREDA to boost state wide solar adoption
• Launches lifestyle solar solutions by expanding the product portfolio beyond simple solar rooftop systems

Tata Power Renewable Energy Limited (TPREL), India's leading rooftop solar company and a wholly owned subsidiary of Tata Power, today announced the launch of India’s most affordable rooftop solar solution at Bhubaneshwar in Odisha under its 'Ghar Ghar Solar' campaign. 

The Company’s accessible, consumer-centric financing model makes rooftop solar affordable for a broader segment of Odisha’s population. Residents can install systems with minimal upfront investment starting from ₹2,499 for 1 kW, ₹4,999 for 2 kW, and ₹7,999 for 3 kW. This initiative is impactful for households, turning solar adoption from an aspiration into an economically viable option. This first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power more accessible, affordable, and seamlessly integrated into households.  

Odisha consumers gain substantial financial benefits through the PM Surya Ghar: Muft Bijli Yojana, which offers subsidies up to ₹78,000 for solar systems up to 3 kW, covering nearly 40% of installation costs. The initiative is further strengthened through the State Government’s additional subsidy of ₹25,000 for a 1 kW system, ₹ 50,000 for a 2 kW system, and up to ₹ 60,000 for systems 3 kW and above. This financial support significantly accelerates rooftop solar adoption, making clean energy solutions accessible to households across the state. 

To cater to evolving needs, Tata Power has also introduced two enhanced Lifestyle solutions for residential customers:

• MySine – a compact, intelligent solar + battery backup system for uninterrupted power
• Solar Design Spaces – a curated range of 25 aesthetic rooftop installations blending sustainability with style

Odisha has already witnessed a remarkable surge in rooftop solar adoption, significantly driven by the growing awareness created through the 'Ghar Ghar Solar' initiative. The total consumer base has grown over four times, from 430 to 1,759, underscoring the deepening penetration of solar energy among both residential and commercial consumers. In FY25 alone, the Company onboarded 1,033 new solar rooftop customers, a tenfold increase from FY24 in the state. The Commercial & Industrial (C&I) segment also showed consistent growth in Odisha, with 76 consumers added in FY25, up from 56 consumers in FY24.

TPREL, the No 1 Rooftop Solar company for 10 years now, offers a comprehensive range of benefits to its solar rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, exclusive sales and service in over 450+ districts, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems.

With easy financing, pan-India presence, and wide-ranging innovations, Tata Power is making clean energy mainstream, empowering every Indian home to be solar-ready.

Interested customers can call our helpline at 18002577777 to know more about the installation of solar rooftop under the #GharGharSolar campaign.

Tata Power’s Solar Manufacturing Arm (TP Solar) Crosses 4 GW of Solar Module Production at Its Tamil Nadu Facility

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing arm of The Tata Power Company Limited (Tata Power), today announced that it has crossed 4 GW solar module manufacturing at its Tamil Nadu plant.

The plant has cumulatively produced 4049 MW of solar modules and 1441 MW of solar cells upto 31st May’2025.

With a strategic focus on scaling up production, the Company is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26, further solidifying its commitment to supporting India’s clean energy transition.

Strategically built to comply with Domestic Content Requirement (DCR) norms, the facility is equipped to manufacture next-generation Mono PERC (Passivated Emitter and Rear Cell) and advanced TopCon (Tunnel Oxide Passivated Contact) modules using cutting-edge automated and AI-driven technologies. The ramp-up aligns with Tata Power’s goal to strengthen India’s solar supply chain resilience by reducing dependency on imports and enabling faster deployment of clean energy projects nationwide.

The facility is already supplying panels to meet Tata Power’s order book requirements—including utility-scale solar farms, hybrid energy parks, and distributed rooftop systems as well as serving marquee third-party installations across the country.

With its rated capacity of 4.3 GW expected to be fully realized in FY26, the plant would continue to support the nation’s target of achieving 500 GW of non-fossil fuel capacity by 2030.

Beyond its technological prowess, the Tamil Nadu facility also stands out for its inclusive and sustainability-first approach. Over 80% of the plant’s shop floor workforce comprises women, reflecting Tata Power’s strong focus on gender diversity and equitable job creation in advanced manufacturing. The plant itself has been built using green building principles, energy-efficient processes, and resource-conscious design, minimizing its environmental footprint.

As one of India’s largest vertically integrated solar players, TP Solar is driving innovation and scale across the clean energy value chain—from manufacturing and engineering to deployment and digital energy services. The ramp-up of this 4.3 GW facility positions the company as a key enabler of India’s clean energy independence, while advancing the global movement toward sustainable energy security.

TPREL also has a 682MW solar module and a 530MW solar cell plant at Bengaluru, which operates at full capacity to support the DCR Cells and Modules production.

Tata Power Renewables and ONGC Collaborate to Lead the Way in Battery Energy Storage System

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a leading player in India’s renewable energy sector, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC), India’s premier energy company, to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.

The MoU was signed at India Energy Week 2025 in the presence of Shri Hardeep Singh Puri, Hon’ble Union Minister of Petroleum and Natural Gas (MoPNG), Mr. Arun Kumar Singh, Chairman and CEO of ONGC, Mr. Deepesh Nanda, CEO & Managing Director of TPREL, and other dignitaries.

The collaboration aims to jointly explore and identify commercial opportunities across various segments of the BESS value chain, including utility-scale systems, grid stabilization services, renewable energy integration, microgrids, hybrid energy solutions, industrial and commercial storage solutions, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services.

Commenting on the MoU, Mr. Deepesh Nanda, CEO & Managing Director, TPREL, said, “This partnership with ONGC marks a significant milestone in our journey to drive India’s energy transition. Battery Energy Storage Systems will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration, and supporting India’s ambitious clean energy goals. Together, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future”.

Mr. Arun Kumar Singh, Chairman and CEO, ONGC said, “As India transitions towards a sustainable energy future, ONGC remains steadfast in its commitment to advancing clean energy initiatives. This collaboration with Tata Power Renewable Energy Limited represents a strategic step towards strengthening energy storage capabilities, which are vital for grid stability and renewable energy adoption. By leveraging our collective expertise, we aim to contribute meaningfully to India’s energy transition and long-term energy security.”

This collaboration between Tata Power Renewable Energy Limited and ONGC underscores their shared commitment to promoting sustainable energy solutions and driving India’s energy transition. By exploring joint opportunities in the battery energy storage sector, both companies aim to contribute significantly to the country’s renewable energy targets and build a robust, future-ready energy ecosystem.

TPREL’s recent success in commissioning India’s largest Solar and Battery Energy Storage System (BESS) project—a 100 MW Solar PV plant with a 120 MWh Utility Scale BESS at Rajnandgaon, Chhattisgarh—demonstrates its technical expertise and leadership in pioneering large-scale Battery Energy Storage Systems. This milestone not only strengthens India’s green energy infrastructure but also sets a benchmark for future BESS projects in the country.

Tata Power Starts Production of Solar Cell at India's Largest Single-location 4.3 GW Solar Cell & Module Manufacturing Plant in Tirunelveli

• Facility set to boost domestic manufacturing of Cell and Module and thereby aid India's solar energy and net-zero goals
• State-of-the-art facility equipped with advanced TOPCon and Mono Perc technology to enhance solar cell efficiency

TP Solar Ltd., one of India's largest cell and module manufacturing companies and a subsidiary of Tata Power Renewable Energy Ltd. (TPREL), today proudly announced the commencement of commercial production from the 2GW solar cell line at its state-of-the-art manufacturing facility in Tirunelveli, Tamil Nadu — the country’s largest single-location solar cell & module plant. This milestone follows the successful production of solar modules earlier this year.

A woman employee is working at the state-of-the-art cell production line at Tata Power's Solar Cell and Module Manufacturing Plant

The indigenous production of solar cells marks a significant milestone, supporting India’s ambitious clean energy goals and reducing reliance on imports. The solar cell production, currently at 2 GW capacity will enhance Tata Power's ability to meet the growing demand for high-quality, and domestically produced solar components, especially for large-scale capacity-addition projects. The plant is expected to ramp up production with the remaining 2 GW capacity to be added over the next 4-6 weeks, reaching peak production within the next few months.

Having a total cell & module manufacturing capacity of 4.3 GW, the module production line at the Tirunelveli plant was commissioned in October 2023 and has produced 1250 MW of solar modules till date.

Expressing his excitement for India's renewable energy future, Dr. Praveer Sinha, CEO and MD, Tata Power, said, “The commencement of cell production at our Tirunelveli plant is a significant step towards indigenisation in the solar value chain and achieving self-sufficiency. We are committed to making solar power accessible to all and ensuring a bright future for India, powered by renewable energy. We believe that this plant will lead the way in supporting the country's vision for a Net-Zero carbon future."

The facility is equipped with advanced TOPCon and Mono Perc technology, enabling high-efficiency production of solar cells and modules. TPREL’s investment in this cutting-edge technology aligns with its vision of fostering innovation and self-reliance in the renewable energy sector.

The company has committed nearly ₹4300 crore towards the establishment of this facility. It is a cornerstone of Tata Power's strategy to lead India's renewable energy transition, particularly in the solar rooftop and utility-scale segments, where it holds a 20% market share and aims for further expansion under programs like PM Surya Ghar Yojana. While the modules produced from this factory are a part of the Government's Approved List of Models and Manufacturers (ALMM), the company is confident that its high-quality cells will also make it to the ALMM list for cells, expected to be announced by the Government soon.

The solar cells and modules produced at the Tamil Nadu facility will initially cater to the company's ongoing projects, further strengthening its supply chain. With an eye on future expansion, Tata Power also plans to explore opportunities for wider market distribution.

In addition to the Tirunelveli plant, the company also operates a world-class manufacturing facility established in 1992 in Bengaluru, Karnataka. This facility, equipped with cutting-edge technology, has a production capacity of 682 MW for solar modules and 530 MW for solar cells. To date, it has supplied a total of 3.73 GW of solar modules and 2.26 GW of solar cells.

As a pioneer in the energy sector, Tata Power is playing an important role in building a sustainable and self-reliant India. The company's commitment to expanding its clean and green energy capacity is evident in its ambitious targets. Tata Power aims to increase its renewable energy portfolio from 41% to 70% by 2030, positioning itself as a key player in the global energy transition.

Tata Power Renewable Files Petition for Compensation for 100 MW Losses from Andhra Pradesh Grid Restrictions

Tata Power Renewable Energy Limited has filed a petition seeking compensation for the loss of generation due to grid curtailment in Andhra Pradesh. The Appellate Tribunal for Electricity (APTEL) issued an order in August 2021, stating that the actions of the state utility in issuing backdown instructions were 'mala fide.'

As a result, solar independent power producers (IPPs) are entitled to compensation at 75% of the power purchase agreement (PPA) tariff. This order acts as a deterrent against grid curtailment by discoms and grid operators.

The Andhra Pradesh Electricity Regulatory Commission document dated 20th August says – "Tata Power Renewable Energy Limited (for short “the Petitioner”) has filed this petition under Under Section 86(1)(e) and (f) of the Electricity Act, 2003 (for short “the Act”) seeking a direction to the Respondents to treat the loss of generation of Rs.68.39 crores computed till May 2020 - on account of curtailment of power due to inadequacy of the Transmission System, i.e. Uravakonda Grid Sub-Station (“Uravakonda GSS”) and the consequential rampant backing down instructions given to it, frequently, by the Respondents - as Deemed Generation by the Petitioner; and to direct Respondent No.3-APTRANSCO/Respondent-1 APSPDCL to make payment of the Deemed Generation Charges for the aforesaid Deemed Generation of power."

Additionally, the Supreme Court is examining whether tariff determined under long-term PPAs can be revised by State Electricity Regulatory Commissions. It's essential for timely implementation of such orders to mitigate the impact on debt metrics for renewable energy projects.

Grid curtailment refers to the deliberate reduction or restriction of electricity generation from renewable energy sources, such as solar or wind, by grid operators or utilities. It occurs when the electricity grid is unable to accommodate the full output of these renewable energy projects due to technical limitations or other operational reasons.

Essentially, it’s a way to manage the balance between supply and demand on the grid. When grid curtailment happens, the affected power plants generate less electricity than their capacity, which can impact their revenue and overall project viability.

Subsidiaries of Tata Motors and Tata Power Collab to Offer Combined Solution of Electric Vehicles and Solar Rooftop Systems

Tata Passenger Electric Mobility to Enable Customers Get Solar Rooftop Systems Installed on Their EVs in Partnership with Tata Power Renewable Energy Ltd. (TPREL)

Tata Passenger Electric Mobility Ltd. (TPEML), a subsidiary of Tata Motors for passenger electric vehicles in India, will now enable customers to get a solar rooftop system installed through Tata Power Renewable Energy Ltd. (TPREL), a subsidiary of The Tata Power Company Ltd.. Both the companies have joined hands to drive zero-emissions mobility in India through a combined solution of Electric Vehicles and Solar Rooftop Systems.

Through this collaboration, TPEML will enable customers to get a solar rooftop system installed through TPREL. In addition, both companies will promote EVs / EV Charging and Solar Rooftop Systems to their respective customers to drive awareness of the benefits of solutions.

Electric Vehicles (EVs), which have zero tailpipe emissions, and solar power systems, which generate emissions-free electricity, are both key enablers in India’s journey towards Net Zero emissions. The Government of India has been supporting EVs through multiple initiatives over the last several years, and the recently launched PM Surya Ghar Muft Bijli Yojana aims to provide subsidized solar rooftop installations to 1 crore households.

While both EVs and Solar Rooftop Systems deliver an independent business case for customers, combining the two solutions delivers several additional benefits to customers, such as:

• Reducing the total cost of ownership for EVs
• Reducing the electricity bill for EV customers
• Accelerating the payback for solar rooftop owners who buy an EV
• Providing 100% emissions free power for EVs

In addition, combining Solar Rooftop Systems with EVs de-couples the well-to-wheel emissions of EVs from the grid mix, thus offering a much faster path towards net zero emissions for the transportation sector.

Commenting on the collaboration, Mr. Shailesh Chandra, Managing Director, Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd. said, “India’s net zero journey can only be achieved by switching to EVs and renewable power. We see significant synergies between the customers of EVs and solar rooftop systems. Over 90% of EV customers use home charging and nearly 30% of our EV owners are already using Solar Rooftop Systems. Combining forces with Tata Power Renewable Energy Ltd., we intend to democratize zero-emissions mobility and decouple EVs from the grid, while reducing running costs for customers.”

Dr Praveer Sinha, CEO&MD Tata Power, said, “Combination of Solar rooftop and EV is a promising, cost-effective, sustainable solution for India and hence naturally complementary. Both solutions appeal to the same set of eco-friendly and value-conscious customers. We are excited to collaborate with Tata Passenger Electric Mobility Ltd. to drive greater adoption of Rooftop Systems and EVs and provide discerning customers with an opportunity to contribute to reducing emissions while saving money.”

Tata Power is fuelling the growth in the solar rooftop sector through its nationwide campaign on ‘GharGharSolar, Tata Power ke Sangh’. Tata Power plans to aggressively promote solar rooftop adoption through its extensive network of over 700 channel partners and retailers to cover every nook and corner of the country. Notably, the company has served over 1,00,000 satisfied customers across India. Tata Power has installed a substantial number of 101,924 home chargers and 5,600 public chargers across India.

Tata Power Renewable Energy Ltd. through its extensive EV charging network of 5,600 public charging points is strategically positioned across India to provide solar-powered charging solutions. Present across prominent highways and diverse locations such as hotels, malls, offices, hospitals, residential complexes, etc., TPREL is playing a pivotal role in accelerating e-mobility adoption across the country.

Tata Power Strengthens Its Nationwide e-Bus Charging Network With High-Capacity Fast Charging Points

• 2300+ e-buses powered through 850+ bus charging points across Delhi, Mumbai, Bengaluru, Ahmedabad, Goa, Jammu and Srinagar to accelerate e-mobility in public transport
• Enabling e-mobility across 30+ bus depots for State Transport Corporations like DTC, BEST, BMTC, JSCL, SSCL, BRTS-AJL through OEM partnerships
• Expansive pan-India bus charging network led to the saving of more than 1 lakh tonne tailpipe CO2 emissions

Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Company, one of India's largest integrated renewable energy companies and electric vehicle charging service providers, continues to spearhead the nation's transition towards e-mobility by deploying 850+ charging points in key metropolitan areas.

With charging points strategically located across 30+ bus depots in prominent cities such as Delhi, Mumbai, Ahmedabad, Bengaluru, Jammu, Srinagar, Dharwad, Lucknow, and Goa, Tata Power has enabled 2300+ public e-buses nationwide. The robust bus charging network has successfully led to more than 1 lakh tons of tailpipe CO2 emissions savings. Tata Power has also designed and built various bus depots across the country.

Tata Power Renewable's charging infrastructure boasts of high-capacity fast chargers with a range of 180 - 240 KW with average charging time being of 1 to 1.5 hours. Rapid charging capabilities support the demanding operational needs of public transport buses.

While Delhi leads in e-bus presence utilizing Tata Power's EV Charging points, it is followed closely by Mumbai, Bengaluru, Ahmedabad, Jammu, and Srinagar. Tata Power is dedicated to promoting e-mobility adoption and is fostering synergies with various OEM operators and enabling various state governments’ transport corporations.

The company offers an end-to-end solution for charging infrastructure development, ensuring the best charging experience, emphasizing lean, customized, and cost-effective design solutions, along with timely execution and comprehensive operation and maintenance (O&M) services for our clients. Additionally, Tata Power provides services such as effluent treatment plants and statutory NOC approvals to ensure smooth business operations.

In alignment with India's Net Zero goals, Tata Power is committed to achieving Net Zero emissions by 2040. As a leader in the country's green energy transition, Tata Power offers a comprehensive range of green energy solutions from Rooftop Solar, Home Automation, and Smart Metering to EV Charging, to promote the adoption of sustainable lifestyles. This commitment is further reinforced by the company's 'Sustainable Is Attainable' movement, which aims to foster the widespread adoption of green energy solutions and transform sustainability into a people's movement.

Tata Power to Setup Pumped Hydro Storage Projects of 2,800 MW Capacity by 2028-29

Tata Power Company Ltd is looking to set up pumped hydro storage projects of 2,800 MW capacity by 2028-29 with an investment of ₹15,000 crore, said its chief executive Dr. Praveer Sinha in an interaction with Economic Times.

Tata Power will tie up with its subsidiary Tata Power Renewable Energy Ltd (TPREL) , which in turn will bundle it with other energy sources — solar, wind and pumped hydro energy, and provide round-the-clock power to utilities and the commercial and industrial sector.

"This will provide round-the-clock power to utilities and group captive consumers of commercial and industrial segments and help meet their renewable energy obligations," said Sinha to ET.

Pumped hydro storage has come into focus in recent years as the intermittent nature of renewable energy projects has been a challenge for grid stability.

Pumped hydro storage, also known as pumped storage hydropower (PSH), is a type of hydroelectric energy storage. It stores energy in the form of gravitational potential energy by pumping water from a lower elevation reservoir to a higher one.
PSH plants require two water reservoirs at different elevations, typically ranging from 10 to 100 hectares, joined by a pipe with a pump and turbine.

In 2022, China ranked first in the world in terms of pumped storage hydropower capacity, with more than 45.8 gigawatts. Japan and the United States followed second and third respectively, with roughly 21.8 gigawatts and 19.3 gigawatts of capacity respectively.

Recently, India's premier Institute IISc  researcher has unveiled that they have developed a sustainable water pumping system that requires zero electricity using low-head check dams and cascades of such dams along rivers, with turbine pumps installed to pump water without any electricity.

In India, there is a total of 97 GW of pumped hydro storage potential in India, with 40 GW in the western part of the country.

Earlier this month, NTPC India Ltd, India’s top power producer, is contemplating building a 3 GW pumped hydro storage project in Tamil Nadu.

Tata Power Renewable Energy Limited (TPREL) is a subsidiary of The Tata Power Company Limited and is one of the country's most significant renewable energy players. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage) that it owns, operates, and maintains.

As on date, TPREL's total renewable utility capacity is 9,012 MW* (PPA capacity is 7,626 MW) including 4,752 MW projects under various stages of implementation and its operational capacity is 4,260 MW, which includes 3,241 MW solar and 1,019 MW wind. Presently, the company's solar EPC portfolio is more than 12.8 GWp of ground-mount utilityscale, over 1.8 GW of rooftop and distributed ground-mounted systems, and over 1,00,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.

Tata Power Solar Systems Inks ₹418 Cr Deal with NTPC to Supply 152 MWp DCR Solar PV Modules for its Nokh Solar Park in Rajasthan

Tata Power Solar Systems Limited (TPSSL), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), one of the leading renewable energy players in India, is pleased to announce that it has signed a contract to supply 152 MWp DCR Solar PV Modules for NTPC Limited (NTPC’s) Nokh Solar PV Project in Rajasthan.

The project holds a significant order value of approximately Rs. 418 crore.

NTPC is developing 3*245 MW (735 MW) Nokh Solar Park at Pokaran, Jaisalmer, Rajasthan. The entire project will utilise DCR category Bi-Facial Mono-PERC modules.

The solar panels, including the solar cells and modules, of these DCR Solar PV modules, are being manufactured in India in adherence to the Domestic Content Requirement policy.

TPSSL’s Solar Cell and Module Manufacturing plant in Bengaluru will supply 152 MWp DCR Solar PV Modules for this project.

This contract highlights TPSSL’s commitment to promoting the growth of renewable energy, thereby furthering the nation's sustainable energy objectives.

The company's solar EPC portfolio is more than 12.5 GWp of ground-mount utility-scale, over 2 GW of rooftop and distributed ground-mounted systems, and over one lakh solar water pumps.

NTPC is India's leading integrated power producer and the biggest central Public Sector Undertaking under the Ministry of Power, Government of India.

TPREL is a subsidiary of Tata Power, one of India's largest integrated power companies.

Tata Power is a leading integrated power company and a part of Tata Group, India’s largest multi-national business conglomerate. The company has a diversified portfolio of 14407 MW, spanning across the entire power value chain - from renewable and conventional energy generation to transmission & distribution, trading, storage solutions and solar cells and module manufacturing. As a pioneer of clean energy transition in India, Tata Power has 5547 MW of clean energy generation, which constitutes 39% of its total capacity. The company has also committed to achieve carbon neutrality before 2045.Tata Power has established India’s most comprehensive clean energy platform, with offerings such as rooftop solar, microgrids, storage solutions, EV charging infrastructure, home automation et al. The company has also attracted global investors to support its growth and vision. Tata Power has successfully partnered with public and private entities in generation, transmission & distribution sectors in India, serving approx.13 million customers across the country. To know more about Tata Power, visit www.tatapower.com

Tata Power Renewable Energy To Develop 200 MW Firm and Dispatchable Renewable Energy Project with SJVN Ltd.

The installation is expected to offset ~9 lakh metric tonnes of CO2 emissions annually

Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Company, one of the largest renewable energy players in India, has received a Letter of Award (LOA) for developing a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project with SJVN Limited (SJVN). SJVN is an Indian public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission and has been designated as the Renewable Energy Implementing Agency (REIA) by MNRE for achieving the nation's target of achieving 500 GW by 2030.

To meet the 200 MW FDRE requirement, the plant has been meticulously sized with a hybrid combination of solar, wind, and battery storage of appropriate capacities. This ensures that the energy generated by the plant is dispatched as and when needed by discoms during peak hours, providing stability to the grid.

FDRE provides round-the-clock power supply and supports the discoms in meeting Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO).

This is the first FDRE power tender won by TPREL, showcasing its commitment to ushering in reliable and sustainable energy solutions. The tender includes a Greenshoe option, allowing for additional capacity beyond the initial 200 MW.

This strategic collaboration with SJVN marks a significant milestone in TPREL’s journey to expand its portfolio and contribute to the nation's sustainable energy goals.

The project is expected to be commissioned within 24 months from the PPA execution date. The project was awarded through competitive bidding, followed by a reverse e-auction. The installation will offset ~9 lakh metric tonnes of CO2 emissions annually.

With this win, the total renewables capacity of TPREL reaches 8,314 MW, which comprises 4,100 MW of projects in different phases of development and with an operating capacity of 4,214 MW, including 3,200 MW in solar projects and 1,014 MW in wind projects.

Tata Power Renewable Energy Crosses Milestone of 1.4 GW Capacity of Group Captive Projects

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of the large renewable energy players in India has crossed the 1.4 GW capacity of group captive projects in last seven months. This achievement is the result of signing of Power Delivery Agreements (PDA) with various industries across segments.

Some of the prominent group captive projects that TPREL has signed in the last six months include - collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), Supreme Petrochem Limited, Xpro India Limited, Neosym Industry Limited, Chalet Hotels Limited, Sanyo Special Steel Manufacturing India Pvt. Ltd, ANAND Group, Endurance Technologies Limited, to name a few. TPREL is also set to construct a 41MW captive solar plant for Tata Power's upcoming 4.3GW Solar cell & module manufacturing facility in Tamil Nadu.

Mr. Deepesh Nanda, CEO & MD, TPREL said, "Crossing the 1.4 GW mark is not just a milestone for us but a testament to our continuous dedication to sustainability and our contribution towards the country's green energy ambition. We take pride in our role as a catalyst for positive change, delivering customized clean energy solutions that aligns with the unique needs of each industry. This achievement is not just a number; it represents our shared journey towards a greener, more sustainable future."

With these group captive projects, TPREL's overall renewables capacity as on Oct'23 has reached 7,961 MW, which comprises 3,755 MW of projects in different phases of development and with an operating capacity of 4,206 MW, which includes 3,200 MW in solar projects and 1,006 MW in wind projects. TPREL also has a huge pipeline of renewable projects under finalisation which will further add to its capacity in the coming months. This reinforces TPREL's position as a key player in the renewable energy sector, confirming its commitment to accelerating the energy transition to a more sustainable and environment friendly future.

Tata Power Renewable Energy Limited (TPREL) is a subsidiary of Tata Power and is one of the country's most significant renewable energy players. It is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock, peak, floating solar, and storage systems including battery storage) that 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.

Tata Power Appoints Ex- GE Gas Power Exec Deepesh Nanda as President-Renewables and CEO & MD of TPREL

Tata Power Appoints Deepesh Nanda as President-Renewables and CEO & MD of Tata Power Renewable Energy Limited (TPREL)

Ashish Khanna moves as President, Generation business

Tata Power, one of India's largest integrated power companies, today announced the appointment of Mr. Deepesh Nanda as President-Renewables and CEO & MD of Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, with effect from November 1, 2023.

A distinguished leader in the energy sector, Mr. Nanda brings with him 28 years of extensive experience across companies like GE, Flowserve and Tyco. Mr. Nanda joins Tata Power from GE Gas Power, where he was the Chief Executive Officer for South Asia, overseeing operations in India, Bangladesh, Sri Lanka, Mauritius, and Nepal. He was additionally President & CEO of GE's Aero-derivative Gas Turbine business segment for Asia.

A distinguished alumnus of Annamalai University, India, Mr. Nanda graduated in Mechanical & Production engineering. He further pursued an MBA from the Open University Business School, Milton Keynes, UK, and has undergone extensive leadership training at GE Crotonville.

In his new role, Mr. Nanda will be responsible for driving the growth and profitability of Tata Power's renewable energy portfolio, which encompasses solar, wind, hybrid, and B2C green energy solutions. He will also lead innovation and digital transformation initiatives in the renewable energy sector.

Commenting on the appointment, Dr. Praveer Sinha, CEO & MD of Tata Power, said, “We welcome Deepesh Nanda to the Tata Power family. His illustrious career and proven track record of delivering excellence make him a valuable asset as we chart our path toward leadership in the renewable energy domain. His expertise and vision will be instrumental as we aim to reinforce our position as the most preferred and trusted green energy solutions company.”

The key leadership change at Tata Power is to bring focus in different business and growth areas, with Mr. Ashish Khanna, a Tata Power veteran, moving as President to the important part of the Generation business cluster, which includes the company’s upcoming pumped hydro storage plants, hydro plants, and other new initiatives apart from the existing hydro and thermal plants in India and abroad.

Dr. Sinha extended his gratitude to Mr. Khanna, acknowledging the pivotal role played by him in the growth of Tata Power Solar and Renewables business to its current level and as one of the country’s leading renewable energy companies. Dr. Sinha said, “I would like to thank Ashish Khanna for his outstanding contribution to the growth and success of our renewable energy business over the last seven years. Under his leadership, TPREL has become one of the largest renewable energy companies in the country, with a portfolio of over 4 GW of operational and another 3 GW of under-construction projects. I am confident that he will give direction and growth in his new role in our Generation businesses.”

Tata Power RE and Bajaj Group's Mukand Limited Setting Up 47.3 MW Captive Solar Plant

Plant set to generate 99.82 Million Units and offset over 54,687 tons of CO2 Emissions Annually

Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of The Tata Power Company Limited, signed a Power Delivery Agreement (PDA) with Mukand Limited, a Bajaj Group company and a leading manufacturer of specialty steel long products and heavy machinery in India, for a 43.75 MW AC Group Captive Solar project. Located at Jamkhed in Maharashtra, the installation will generate 99.82 MUs annually and is expected to offset ~54687 CO2 emissions per year.

The aim of the installation is to meet the growing energy requirements of Mukand Limited, and contribute to making their steel manufacturing processes and production greener. TPREL will undertake the construction, operation, and maintenance of this group captive solar power plant.Scheduled for commissioning by March 2024, this project places a significant emphasis on adhering to stringent quality standards and specifications.

The solar power plant's primary objective is to fulfill Mukand Limited’s energy needs while promoting environment-friendly practices within their stainless-steel manufacturing operations. With this project, TPREL reinforces its commitment to empowering its partners to adopt non-conventional energy solutions.

Earlier this month, TPREL had signed a PDA with Endurance Technologies Limited, a leading auto component manufacturer founded by Anurag Jain (nephew of late Rahul Bsjaj), through a special purpose vehicle (SPV) TP Green Nature Limited, for the development of 12.5MW AC Captive Solar Plant at Aachegaon in Maharashtra. 

Commenting on the partnership Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Ltd. said, "The installation of this group captive project is in line with our commitment to provide clean and sustainable energy solutions to our C&I consumers, especially in the energy- intensive sectors. It will help to enhance renewable energy capacity and reduce carbon emissions in the country. Through this partnership we are forging a sustainable energy path for Mukand Limited, a Bajaj Group company."

Mr. Shashibhushan Upadhyay, President, Mukand Limited, a Bajaj Group company, said, “We are thankful and acknowledge collaborative efforts between Tata Power Renewables and our organization, Mukand Limited, to harness the potential of clean and green energy by executing this strategic PPA. This partnership shall contribute to our mission of sourcing clean energy for our manufacturing operation and support us in meeting our climate change commitments.

With this addition, the total renewables capacity of TPREL reaches 7,946 MW, including 3,755 MW projects under various stages of implementation, and its operational capacity is 4,191 MW, which includes 3,185 MW solar and 1,006 MW wind.

Tata Steel To Acquire 26% in TPVSL, A Subsidiary of Tata Power Renewable Energy

Tata Steel Limited (‘TSL’) on Thursday announced that it has concluded negotiations to enter into definitive agreements with TPREL and TP Vardhaman Surya Ltd. (‘TPVSL’) to acquire 26% in TPVSL, currently a wholly owned subsidiary of TPREL. TSL will also execute a fixed-tariff long-term agreement with TPVSL to source 379 MW of captive renewable power, which will save 50 million tons of carbon emissions over the contract period of 25 years.

TPVSL will set up a ~966 MW solar-wind hybrid renewable power facility which would make it one of the biggest industrial power projects under group captive segment in the country. This arrangement will replace a part of the existing coal-based power generation at Tata Steel Jamshedpur and cater to the requirements at Tata Steel Kalinganagar and the Electric Arc Furnace project at Ludhiana, Punjab.

T.V. Narendran, Chief Executive Officer and Managing Director, Tata Steel, said: “Our partnership with Tata Power Renewable Energy marks a pivotal step in Tata Steel's sustainability journey towards achieving Net Zero carbon emissions by 2045. We stay committed to reducing our environment footprint and transitioning towards clean, green energy solutions, thus enabling a better tomorrow.”

Dr. Praveer Sinha, CEO & MD, Tata Power, said: “Tata Power is happy to develop this round-the-clock hybrid renewable power plant for Tata Steel. It is one of the largest industrial group captive plants in the country and will contribute towards meeting their clean energy goals by significantly reducing the carbon emissions."