Latest news with #TataPowerRenewableEnergy
New Indian Express
21-07-2025
- Business
- New Indian Express
Tamil Nadu government offers renewable energy course in eight polytechnic colleges
MADURAI: In a major initiative to promote green energy education, eight government polytechnic colleges in the southern districts have introduced a new 'Diploma in Renewable Energy' programme for the 2025-26 academic year. The course is being offered under a collaboration between the Government of Tamil Nadu and Tata Power Renewable Energy. The programme follows the 'Earn While You Learn' model, enabling students to receive monthly stipends ranging from Rs 4,000 to Rs 10,000 throughout their course period. As part of the curriculum, students will undergo three months of classroom training at their respective polytechnic colleges-including those in Madurai, Thoothukudi, Tirunelveli, Nagercoil, Usilampatti, Andipatti, and Chekkanurani-with a stipend of Rs 4,000 per month. The remaining nine months will be spent at TP Solar Limited in Tirunelveli, where they will gain industrial exposure and receive Rs 8,000 per month. Speaking to TNIE, G Vijayakumari, Principal of the Government Women's Polytechnic College, Madurai, said, 'Each polytechnic college has an intake of 30 seats. In Madurai, 38 students have already been admitted, with preference given to female candidates. Students will get hands-on learning on par with other engineering streams, including training in solar panel manufacturing, maintenance, and energy efficiency. This opens direct job opportunities at TP Solar after graduation without any service bond.' Andipatti Government Polytechnic College principal (i/c) M Poonguzhali added that classes began on July 7, and some seats are still available in certain colleges. 'Students who have completed Class XII can apply. Hostel and food facilities are provided free of cost during industrial training. The stipend will increase progressively- Rs 8,000 in the first year, Rs 9,000 in the second year, and Rs 10,000 in the final year,' she said. In addition, eligible students can avail Rs 1,000 monthly assistance under Pudhumaipen or Tamil Pudhalvan schemes. The course fee has been fixed at a nominal Rs 2,500 per year.
Business Standard
18-07-2025
- Business
- Business Standard
Tata Power Renewable Energy inks its maiden BESPA with NHPC
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC. The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. The initiative supports the Government of India's goal of achieving 500 GW of non-fossil fuel capacity by 2030. Implemented under Ministry of Power guidelines, the project will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round the-clock renewable power and grid resilience. In addition to this upcoming project, TPREL is already operating a Solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India. The project with NHPC marks TPREL's first win in the standalone BESS segment, reinforcing its commitment to delivering cutting-edge, dispatchable, and sustainable energy solutions. With this addition, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development.
Business Standard
18-07-2025
- Business
- Business Standard
Tata Power's subsidiary inks battery energy storage purchase agreement from NHPC
Tata Power Company said that Tata Power Renewable Energy (TPREL) has signed its first battery energy storage purchase agreement (BESPA) with NHPC. Tata Power Renewable Energy is a subsidiary of The Tata Power Company. The project, secured under NHPCs BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the battery energy storage system (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPCs broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a tariff-based competitive bidding framework supported by viability gap funding. In addition to this upcoming project, TPREL is already operating a solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility-scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India. With the addition of the NHPC project, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development. Tata Power Company is a leading integrated power company. The company's consolidated net profit jumped 16.49% to Rs 1,042.83 crore on a 7.88% increase in revenue from operations to Rs 17,095.88 crore in Q4 FY25 over Q4 FY24. The scrip fell 1.11% to currently trade at Rs 408.65 on the BSE.
Business Standard
04-07-2025
- Business
- Business Standard
Tata Power Renewable Energy records a stellar 416% YoY growth in rooftop solar installation in Q1 FY26
Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company, has delivered a record breaking performance in Q1 FY26, reinforcing its market leadership in rooftop solar. TPREL has achieved an unprecedented 45,589 rooftop solar installations in Q1 FY26, marking a staggering 416% year-on-year growth compared to 8,838 installations in Q1 FY25. This milestone highlights Tata Power's unwavering commitment to driving India's clean energy transition. The Q1 FY26 installations propelled TPREL to a nationwide total of 2,04,443 rooftop solar installations, with cumulative capacity surpassing 3.4 GW. This milestone not only reflects TPREL's rapid growth but also underscores its pivotal role in accelerating India's renewable energy transformation. This milestone highlights TPREL role as a key enabler of India's decentralised renewable energy transition and supports the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. By accelerating rooftop solar installations, TPREL is actively supporting the Government's vision to boost solar adoption under the Pradhan Mantri Surya Ghar Muft Bijli Yojana through its flagship Ghar Ghar Solar campaign. Delivering tailored solar rooftop solutions across residential, commercial, and industrial sectors, TPREL is playing a vital role in advancing India's energy security and sustainability ambitions.
Business Standard
06-05-2025
- Business
- Business Standard
Tata Power Renewable Energy standalone net profit declines 71.73% in the March 2025 quarter
Sales decline 15.31% to Rs 3675.29 crore Net profit of Tata Power Renewable Energy declined 71.73% to Rs 76.82 crore in the quarter ended March 2025 as against Rs 271.74 crore during the previous quarter ended March 2024. Sales declined 15.31% to Rs 3675.29 crore in the quarter ended March 2025 as against Rs 4339.88 crore during the previous quarter ended March 2024. For the full year,net profit declined 51.79% to Rs 464.96 crore in the year ended March 2025 as against Rs 964.51 crore during the previous year ended March 2024. Sales declined 17.70% to Rs 11273.77 crore in the year ended March 2025 as against Rs 13698.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 3675.294339.88 -15 11273.7713698.10 -18 OPM % 20.4819.64 - 25.4621.51 - PBDT 653.66692.21 -6 2384.702229.80 7 PBT 444.02480.81 -8 1538.141356.52 13 NP 76.82271.74 -72 464.96964.51 -52
