Tata Power Renewable Energy Ltd. boosts generation capacity by four-fold

Tata Power Renewable Energy Ltd. generated 1440 MUs that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16.

Tata Power has announced that the Company’s 100% subsidiary, Tata Power Renewable Energy Ltd. (TPREL) increased its generation capacity by 337 per cent in FY17 as compared to FY16.

Tata Power Renewable Energy Ltd. generated 1440 MUs that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16.

TPREL is the primary vehicle through which Tata Power’s investments in renewable energy capacity are driven and it proposes to grow its capacity through organic and inorganic means over the next few years.

TPREL completed commissioning of 100 MW wind farm at Nimbagallu, Andhra Pradesh and 50 MW Rojmal phase-II in Gujarat and 15 mw solar plant in Belampally, Telangana in last quarter of FY2016-17.

“We aim to create a focused renewable energy business in Tata Power Renewable Energy (TPREL) with a sustained growth trajectory. An increase in our generation capacity is testament to our hard work in ensuring and increasing our operational efficiency,” TPREL CEO Rahul Shah said.

“This achievement gives us confidence to further make progress in the renewable energy sector. We will continue to look for opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to grow our generation portfolio,” Shah added.