Added 1414 MW of non-fossil fuel capacity in FY17 so far
Wind capacity increased by 85% in FY17
Solar portfolio soared 150% in FY17
Mumbai, 17th January, 2017 – Tata Power, India’s largest integrated power company, today announced that the Company’s total generation capacity from non-fossil fuel sources stands at 3133 MW, making it the largest renewable energy Company in India. The Company’s robust non-fossil fuel portfolio comprises of 693 MW of Hydro, 990 MW of Solar, 1074 MW of Wind, and 375 MW of waste gas based generation. Taking a step further towards building a greener portfolio last year, the Company revised its share of non-fossil fuel based capacity up to 35-40% by 2025.
The Company’s wind generation capacity has also increased by 82% in FY17, up from 591 MW in FY 16 to 1074 MW in FY 17, and solar generation capacity has by 1554%, up from 60 MW in FY16 to 990 MW in FY17. The Company has several renewable energy projects located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations.
In FY16, Tata Power Renewable Energy Ltd (TPREL), a wholly owned subsidiary of Tata Power, completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) to become the largest Renewable Energy Company in India. WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of Renewable Power Projects comprising of about 990 MW Solar Power Projects and about 150 MW of Wind Power Projects. Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.
Speaking on this achievement, Mr. Anil Sardana, CEO & MD, Tata Power, said, ““We are delighted to have crossed the 4000 MW milestone for our operating non-fossil fuel capacity. This is one of the many key milestones in our endeavor to generate 35-40 per cent of Tata Power’s total generation capacity from clean energy sources. This mammoth leap is well in line with our aim to enhance and increase our non-fossil fuel capacity, and maintaining our value of sustainable growth. We will continue in our endeavors to further strengthen our operations with excellence and optimally utilise our resources to boost the generation capacity.”