Tata Power Renewable Energy Ltd Exceeds 1.4 GW Group Captive Projects

Tata Power Renewable Energy Ltd Exceeds 1.4 GW Group Captive Projects

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has crossed the 1.4 GW capacity of group captive projects in the last seven months. This achievement, the firm maintains, is the result of signing of Power Delivery Agreements (PDA) with various industries across segments.

Some of the prominent group captive projects that TPREL has signed in the last six months include collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), Supreme Petrochem Limited, Xpro India Limited, Neosym Industry Limited, Chalet Hotels Limited, Sanyo Special Steel Manufacturing India Pvt. Ltd, ANAND Group, Endurance Technologies Limited, to name a few. TPREL is also set to construct a 41 MW captive solar plant for Tata Power’s upcoming 4.3 GW solar cell and module manufacturing facility in Tamil Nadu.

With these group captive projects, TPREL’s overall renewables capacity as on October 2023 has reached 7,961 MW, which comprises 3,755 MW of projects in different phases of development and with an operating capacity of 4,206 MW, which includes 3,200 MW in solar projects and 1,006 MW in wind projects. TPREL also has a large pipeline of renewable projects under finalisation which will further add to its capacity in the coming months.

TPREL boasts a state-of-the-art solar cell and module manufacturing plant of 530 MW solar cells and 682 MW modules in Bengaluru. It aims to set up a Greenfield 4.3 GW solar cell and solar module plant in Tamil Nadu.

Presently, TPREL’s solar EPC portfolio is more than 11.5 GWp of ground-mount utility-scale, over 1.8 GW of rooftop and distributed ground-mounted systems, and over one lakh solar water pumps.

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Group captive projects are established by a developer for use by multiple commercial and industrial users. In a group captive project, the users have ownership of equity at least 26 per cent and they must use at least 51% of the power generated from the plant. The idea of group captive project model is gathering steam since the cost of power is lower and the T&D losses are less.

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