Tata Power’s Renewable Capacity crosses 2,000 MW Mark

Tata Power announced that its renewable has crossed 2,000 MW operating capacity mark with another about 500 MW under construction. The company added 1,350 MW of renewable capacity during the year which makes it the largest green portfolio company in India.

Tata Power CEO and MD, Anil Sardana said they are happy to announce that Tata Power has registered a strong growth in renewables, which is one of their key focus areas through their recent acquisition of solar assets. The renewable energy business made a healthy contribution to PAT this year and they continue to be the largest renewable player in the country. The company aims to pursue a well-charted growth strategy by demonstrating a high level of commitment towards cleaner sources of generation thus increasing the share of non-fossil fuel-based generation output to 30-40% by 2025.

Tata Power’s non-fossil fuel-based green generation portfolio (comprising hydro, waste gas, solar and wind) crossed the 3,000 MW mark and now stands at 3,141 MW. During the financial year 2016-17, Tata Power’s renewable arm Tata Power Renewable Energy completed the acquisition of WREPL, which had 1,140 MW of renewable power projects. On the international front, Tata Power’s South African joint venture company, Cennergi, started commercial operations of both its wind farms totalling 230 MW, making it India’s truly international power company.

Image Source: Tata Power