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Tata Power Renewables Wins Dholera Solar Auction with Rs 2.75/kWh Bid

Tata Power’s renewable arm, Tata Power Renewable Energy has emerged as the winner in the latest solar auction conducted by the Gujarat Urja Vikas Nigam Limited (GUVNL) for awarding 1000 MW capacity to be built at the Dholera Solar Park. In response to the 1000 MW tendered capacity, and in the third time of asking after […]

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Tata Power-DDL Issues Tender For 100 MW Renewable Power

Tata Power Delhi Distribution Limited (TPDDL) has issued a Request for Proposal (RfP) for the procurement of renewable power (non-solar) on a short-term power purchase agreement to meet its Renewable Purchase Obligation (RPO) targets. The Discom is looking to procure up to 300 MUs or 100 MW of renewable energy for a period starting June […]

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Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4

During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […]

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ADB Approves $100 Mn Facility For Renewable Power Projects in Pacific

The Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees, and letters of credit to overcome constraints to private sector investment in renewable power projects in Pacific island countries. The ‘Pacific Renewable Energy Program’ will support an estimated 5 separate renewable energy projects in […]

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Tata Power’s Renewable Arm to Sell 32MW Wind Assets in Maharashtra

However, the company did not disclose the buyer of these assets. With an aim to optimize operating costs, Tata Power Renewable Energy Ltd (TPREL), a renewable arm of utility giant Tata Power, has entered into a pact to sell its 32 MW operating wind assets in Maharashtra. India’s one of the leading integrated power company […]

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Tata Power Shifts Complete Focus to Renewable Energy, to Cease Building New Coal Plants: Report

Utility ceases new coal-fired power development, creates a future based on renewables. One of the country’s largest private integrated power company, Tata Power has recently made it publicly clear that it will cease building new coal-fired capacity, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Tata Power: […]

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Deep Electrification Powered by Renewables Key for a Climate-Safe Future: Report

A new report by the International Renewable Energy Agency (IRENA) charts pathways to further accelerate energy transformation which meets climate objectives while creating jobs and fostering economic growth. As the urgency to take bold climate action grows, the new analysis revealed that scaling-up renewable energy combined with electrification could deliver more than three-quarters of the […]

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Renewable Energy Now Accounts For a Third of Global Power Capacity: IRENA

The sector added 171 GW of generating capacity in 2018, with total renewable energy generation capacity reaching 2,351 GW at the end of the year. The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 GW, according to new data released by the International Renewable Energy Agency […]

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SLDC Can’t Cut Down Renewable Power Per Convenience : TNERC

TNERC outlined these findings in a petition regarding stopping issuance of backing down or curtailment instructions to solar projects. In a significant move for the energy sector, the Tamil Nadu Electricity Regulatory Commission (TNERC) has stated that State Load Dispatch Centre (SLDC) cannot curtail renewable power at their convenience, adding that backing down of the “Must Run Status” power shall […]

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