Tata Power Renewable Energy’s generation capacity surges 337%

Tata Power wind farm

Tata Power Renewable Energy said its generation capacity increased by 337 percent in FY17.

Tata Power Renewable Energy generated 1,440 MUs from renewable energy sources (wind and solar) in FY17 as compared to 329 MUs in FY16.

Tata Power Renewable Energy is the primary vehicle through which Tata Power’s investments in renewable energy capacity are driven.

Tata Power Renewable Energy proposes to grow its capacity through organic and inorganic means over the next few years.

Tata Power Renewable Energy completed commissioning of 100MW wind farm at Nimbagallu, Andhra Pradesh, and 50MW Rojmal Phase-II in Gujarat and 15MW solar plant in Belampally, Telangana, in the last quarter of FY17.

“We will continue to look for opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to grow our generation portfolio,” said Rahul Shah, CEO of Tata Power Renewable Energy.

Tata Power Renewable Energy completed the acquisition of WREPL which has 1,140MW renewable energy capacity. Tata Power’s South African JV, Cennergi, commenced operations of both its wind farms totaling 230MW.

Tata Power, along with all its subsidiaries and jointly controlled entities, has an installed generation capacity of 1,0466MW, of which 3,144MW is through clean energy. The total generation of Tata Power from clean energy sources is 7,590MUs.

Tata Power said it aims to achieve generate 30 to 40 percent of its capacity from non-fossil fuel sources by 2025. Tata Power’s renewable energy capacity this year crossed the 2,000 MW mark and green generation portfolio crossed the 3,000 MW mark.