First Group Captive Solar Plant for Residential Society from Tata Power RE Ltd Updated On Wed, Jan 11th, 2023 by Saurenergy A subsidiary of Tata Power Tata and renewable energy giant Tata Power Renewable Energy Limited (TPREL), has entered into an agreement with Vivarea Condominium, a residential society in Mumbai for the supply of solar power. The captive solar power plant of capacity worth 3.125 MW solar plant will be established at Himayatnagar, Maharashtra. The power plant will generate clean […] Read more
CERC Directs SECI to Compensate TPREL Irrespective of Dues from DISCOMS Updated On Tue, Jan 10th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) has given a nod to Tata Power Renewable Energy Limited’s ( TPREL) claim for compensation caused by change in law events due to enactment of GST Laws. TPREL had entered into a PPA with SECI and claimed compensation of Rs. 48,88,44,968 along with the carrying cost towards compensation for […] Read more
RWE, Tata Power to Jointly Explore Offshore Wind Potential in India Updated On Mon, Feb 21st, 2022 by Saurenergy RWE and Tata Power have agreed on a partnership to explore the potential for the joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India’s largest integrated power companies, and […] Read more
Tata Power’s Renewable Arm Wins LoA from GUVNL for 120 MW Solar Project in Gujarat Updated On Mon, Jun 15th, 2020 by Saurenergy Adding another feather in its cap, Tata Power Renewable Energy Ltd (TPREL), the renewable arm of utility giant Tata Power, has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop 120 MW solar project in Gujarat. Mumbai-headquartered Tata Power said in a statement on Monday that “it’s wholly-owned subsidiary […] Read more
Tata Power acquires WREPL through share purchase agreement Updated On Thu, Sep 15th, 2016 by Saurenergy TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […] Read more
Tata Power Renewable Energy Limited bags 30MW solar project in Maharashtra Updated On Wed, Jun 22nd, 2016 by Saurenergy Tata Power has announced that its 100% subsidiary, Tata Power Renewable Energy Ltd. (TPREL) has bagged 30 MW grid connected photovoltaic project of in Maharashtra. The projects have been awarded in the DCR category under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-Il Batch-IlI Tranche-l under ‘State Specific Bundling Scheme’. TPREL will sign a 25 […] Read more
Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
