27.05.2020, New Delhi: India’s largest integrated power company, Tata Power, on 27th May 2020, announced that its renewable business capacity crossed 2,637 MW. This includes 932 MW of Wind power and 1705 MW of Solar power. With this, the company’s Renewable Energy portfolio that includes clean and green projects, stands at 3,883 MW, which is a 7% increase from the corresponding quarter last year. Further, the operating renewable portfolio of Tata Power has grown to 2,197 MW, comprising 551 MW wind and 1,646 MW solar respectively this year.
At present, Tata Power contributes about 36% of its capacity, in MW terms, through clean and green generation source, which is about 1% of India’s total installed capacity of 372 GW. It also plans to significantly transform the existing model of supply and usage of power with the advent of new technologies and climate change challenges.
“We, at Tata Power, have constantly strived to proliferate the company’s renewable energy portfolio with each passing year. We successfully added a capacity of 312 MW to our TPREL portfolio last year and are in the process of adding another 700 MW. We aim to add a large amount of renewable energy capacity through wind, rooftop solar, solar panels and microgrids to our portfolio every year and scale up our existing portfolio in the next five years,” said Mr. Praveer Sinha, Managing Director & CEO, Tata Power.
Mr Ashish Khanna, President – Renewables, Tata Power said, “As the nation is gripped by the ongoing COVID-19 pandemic, we have continued to operate nearly 71 of our renewable project sites at optimum capacity owing to the rising power demands of the states. The announcement by the Government of India that must-run status of renewable energy projects and payments to renewable energy generators to be made on regular basis by the discoms is indeed a welcome move amid this crisis.”
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