Noel Tata’s masterstroke, this company to generate 1,300 million…, join hands with…

Noel Tata led Tata Power Renewable Energy Ltd (TPREL) has entered into a power purchase agreement (PPA) with NTPC Ltd for the development of a 200 MW renewable energy project. 

This project was secured through competitive bidding, and will integrate solar, wind, and battery energy storage system (BESS) technologies. Once it is operational, it is expected to offset over 1 million tonnes of carbon dioxide emissions annually.

“With this project, its total renewable utility capacity has reached 10.9 GW,” TPREL, a Tata Power subsidiary, said in a statement on Monday.

The Firm and Dispatchable Renewable Energy (FDRE) project, spread across multiple locations in India, is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, TPREL said.

A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90 per cent availability during peak demand hours to support the growing energy needs of distribution companies.

This collaboration reinforces TPREL’s position as a leader in India’s renewable energy sector with hybrid and complex renewable projects, consisting of solar, wind and battery storage.

With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects.

(With Inputs From PTI) 

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