TPREL Commissions 100 MW Solar Project At Raghanesda, Gujarat

Highlights :

  • Tata Power’s strong balance sheet, and project execution ability places it very well to be a top 3 player in the decade to 2030 in India.

Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power has successfully commissioned 100 MW Solar Power project at Raghanesda Solar Park, Gujarat. This project is another landmark for TPREL, as in the first year of its operation, the 100MW plant is expected to generate 255 million units. Raghanesda Solar Park, located in the Banaskantha district of Gujarat, is one of the biggest solar parks in the country.

This project was awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL). With this addition of 100 MW, the total installed capacity of TPREL will be 2,797 MW with 1,865 MW of Solar and 932 MW of wind. It has another 1,234 MW of renewable projects under implementation.

The project execution continues to strengthen Tata Power’s solar portfolio as well as overall renewable energy portfolio. As the most well integrated energy firms in the country today, Tata Power also finds itself well placed to continue to build on its strong legacy advantages as well as the experience with an ever growing renewable energy portfolio.

The firm has a declared ambition of shifting to a renewable led growth, and targets a 60% renewable portfolio by 2025. On a base of 25 GW, which the firm expects to achieve on the back of a capex plan of Rs 60,000 to Rs 65,000 crores.

With a strong customer base of over 20 million and plans to bid for more distribution opportunities as they turn up, Tata power also has a strong pitch for its EV charging business, now just expanding out.

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