Tata Steel Goes With Tata Power For 966 MW RTC Renewable Supply

Tata Power RE Subsidiary Gets LoA for 966 MW RTC Hybrid Renewable Power Project

Tata Power Renewable Energy Limited (TPREL), through its subsidiary TP Vardhaman Surya Limited, has received a Letter of Award to set up 966 MW RTC (Round-the-clock) hybrid renewable power for Tata Steel. This is one of the biggest industrial RTC power PPAs under the group captive segment in the country. The project has the hybrid renewable capacity of 379 MW solar and 587 MW wind power.

Tata Steel, with an annual crude steel capacity of 35 million tonnes per annum (MnTPA), is one of the world’s most geographically diversified steel producers, says the firm. This project will fulfil a significant part of Tata Steel’s green energy requirements in India, saving 23,89,160 ton of CO2 emissions annually.

Tata Steel will invest 26% equity in the said project. The project will be commissioned by June 1, 2025 as per the arrangement.

Dr. Praveer Sinha, CEO & MD, Tata Power said, “Tata Power and Tata Steel are committed to jointly develop green energy solutions. The 966MW RTC (Round-the-clock) hybrid renewable power project marks a significant step towards our combined efforts to accelerate the adoption of clean and green energy to meet the net zero target.”

T. V. Narendran, CEO & MD, Tata Steel, added, “We are pleased to partner with Tata Power Renewable Energy Limited to secure a significant portion of our power requirements from renewable sources. This agreement aligns with our sustainability vision and will contribute to the reduction of carbon emissions associated with our operations. We believe that renewable energy is the future, and this partnership enables us to take one of the steps towards achieving our target of net zero by 2045.”

With this win, the total renewables capacity of TPREL reaches 7,756 MW with an installed capacity of 4,059 MW (solar – 3,107 MW & wind – 952 MW) and 3,697 MW under various stages of implementation.

TPREL boasts of a solar cell and module manufacturing plant of 1.2 GW in Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. As on date, TPREL’s operational capacity stands at 4,059 MW, which includes 3,107 MW solar and 952 MW wind. Presently, the company’s solar EPC portfolio is more than 11.5 GWp of ground-mount utility-scale, over 1.6 GW of rooftop and distributed ground-mounted systems, and over 98,000 solar water pumps.

Earlier, TP Saurya Limited (TPSL), a subsidiary of TPREL signed a PPA with Tata Power Trading Company Limited (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan.