Latest news with #TPREL
Business Standard
22-04-2025
- Automotive
- Business Standard
Tata Power arm signs landmark PPA with Tata Motors for 131 MW hybrid project
Tata Power Company announced that its subsidiary, Tata Power Renewable Energy (TPREL), has signed a landmark power purchase agreement (PPA) with Tata Motors to co-develop a 131 MW wind-solar hybrid renewable energy project. The project is expected to generate approximately 300 million units (MUs) of renewable electricity annually, offsetting over two lakh tons of carbon dioxide emissions each year. The hybrid system will supply clean energy to Tata Motors six manufacturing facilities located across Maharashtra and Gujarat. The PPA has been structured under a group captive model, with both Tata Power and Tata Motors committing co-investment. This initiative supports Tata Motors' RE100 goal to achieve 100% renewable electricity consumption ahead of the global 2030 target. With this agreement, Tata Power Renewables group captive portfolio has crossed 1.5 GW, of which 478 MW is currently operational and nearly 1.1 GW is under various stages of development. These projects are expected to be commissioned over the next 6 to 24 months. TPREL continues to focus on delivering customized round-the-clock (RTC) energy solutions that integrate solar, wind, floating solar, and battery storage technologies to provide uninterrupted clean power. The company currently serves diverse commercial and industrial sectors, including steel, automotive, polymer, hospitality, retail, and real estate. Tata Power Company is one of India's largest integrated power companies, and together with its subsidiaries and jointly controlled entities, it has an installed/managed capacity of 14,453 MW. The company has a presence across the entire power value chaingeneration of renewable as well as conventional power, including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading. The companys consolidated net profit rose 8.2% YoY to Rs 1,030.70 crore in the quarter ended 31st December 2024. Net sales increased 5.1% to Rs 15,391.06 crore in Q3 FY25 as compared with Rs 14,651 crore in Q3 FY24. Shares of Tata Power Company rose 0.22% to Rs 391.80 on the BSE.
Time of India
21-04-2025
- Automotive
- Time of India
Tata Power Renewable signs 131 MW wind-solar hybrid PPA with Tata Motors
New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Power Purchase Agreement (PPA) with Tata Motors for the joint development of a 131 MW wind-solar hybrid renewable energy project. The project is expected to generate approximately 300 million units (MUs) of renewable electricity annually and offset over two lakh tonnes of carbon dioxide emissions each year. The hybrid system will supply clean energy to Tata Motors' six manufacturing facilities located in Maharashtra and Gujarat. The PPA is structured under a group captive model, where both companies have committed co-investment. The agreement supports Tata Motors' RE100 target to achieve 100% renewable electricity consumption ahead of the 2030 deadline. 'This integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat,' Tata Power Renewable said in a statement. With this agreement, Tata Power Renewable's group captive portfolio has crossed 1.5 GW. Of this, 478 MW is operational, and nearly 1.1 GW is in various stages of implementation. These projects are expected to be completed within the next 6 to 24 months. TPREL is developing customised round-the-clock (RTC) energy solutions combining solar, wind, floating solar, and battery storage to offer uninterrupted clean power. The company serves multiple commercial and industrial sectors, including steel, automotive, polymer, hospitality, retail, and realty. The Tata Group has also implemented group captive projects across other companies such as Tata Steel, Tata Communications, and Indian Hotels Company Ltd (IHCL), underlining a larger push toward renewable energy within the group. TPREL said its focus remains on helping high-energy-consuming sectors achieve their Environmental, Social and Governance (ESG) goals and RE100 commitments.
Reuters
07-03-2025
- Business
- Reuters
India's Tata Power unit exploring $5.6 billion clean energy investment in Andhra state
March 7 (Reuters) - India's Tata Power Renewable Energy Ltd (TPREL) said on Friday it is exploring setting up 7 gigawatts (GW) of green energy projects in the southern state of Andhra Pradesh at an investment of 490 billion Indian rupees ($5.63 billion). CONTEXT TPREL, a unit of Tata Power ( opens new tab, is looking into clean energy projects including solar, wind and hybrid, with or without storage solutions, making it one of the largest renewable energy investments in Andhra, the company said. Tata Power has plans to invest up to $9 billion to scale up its renewable energy capacity over the next five years. WHY IS IT IMPORTANT India has committed to setting up 500 GW of non-fossil fuel electricity generation capacity by 2030 but is still falling short of its previously set target to add 175 GW by 2022. Separately, states are aiming to develop their own clean energy portfolio as they find buying power from federal projects expensive and also due to the lack of interstate transmission infrastructure. Andhra aims to develop more than 160 GW of renewable energy, with a potential investment of 10 trillion rupees. Even as India issued a record 73 gigawatts of utility-scale renewable energy tenders in 2024, about 8.5 GW was undersubscribed due to complex tender structures and delays in interstate transmission readiness. India's cumulative unsigned renewable power sale agreement capacity has exceeded 40 GW. ($1 = 87.0400 Indian rupees)
Yahoo
13-02-2025
- Business
- Yahoo
Tata Power unit and ONGC sign MoU for battery energy storage systems
Tata Power Renewable Energy - (TPREL), a subsidiary of the Tata Power Company - has partnered the Oil and Natural Gas Corporation (ONGC) to explore opportunities within the battery energy storage system (BESS) value chain. The non-binding memorandum of understanding (MoU) aims to enhance India's energy security through the integration of renewable energy and advanced storage solutions. Signed at India Energy Week 2025, an event held in New Delhi from 11 February to 4 February 2025, the MoU was formalised in the presence of TPREL CEO and managing director Deepesh Nanda, alongside other dignitaries. The companies will investigate a variety of applications, including utility-scale energy storage systems, grid stabilisation, renewable energy integration and electric vehicle charging infrastructure. The tie-up will also focus on industrial and commercial energy storage applications as well as microgrid and back-up power solutions. Nanda stated: 'This partnership with ONGC marks a significant milestone in our journey to drive India's energy transition. Battery energy storage systems (BESS) will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration and supporting India's ambitious clean energy goals. 'Together with ONGC, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future.' The partnership aligns with India's goal of achieving 500GW of non-fossil fuel-based capacity by 2030. TPREL has also successfully commissioned a BESS project in Rajnandgaon, Chhattisgarh, combining a 100MW solar photovoltaic plant with a 120-megawatt hours utility-scale BESS. ONGC Chairman and CEO Arun Kumar Singh 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.' In November 2024, Tata Power signed a MoU with Druk Green Power to develop 5GW of clean energy capacity in Bhutan. The proposed capacity includes 4.5GW of hydropower and 500MW of solar projects, with developments such as the 1.1GW Dorjilung hydroelectric power plant, the 740MW Gongri reservoir, 1.8GW of Jeri pumped storage and the 364MW Chamkharchhu IV. "Tata Power unit and ONGC sign MoU for battery energy storage systems" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
