Tata Power Solar

Tata Power plans to expand its renewable energy portfolio in Tamil Nadu by adding 1,000 MW of solar and wind power projects, supplementing its existing 500 MW facilities, and is investing Rs.4,300 crore (US$ 515 million) in manufacturing projects and Rs.6,000 crore (US$ 719 million) in solar and wind projects, including a 4.3 GW solar cell and module manufacturing plant in Tirunelveli

On November 8, 2023, Tata Power announced a Rs 60,000 crore (US$ 7.22 billion) investment plan over three years, with half going to renewables. They'll avoid new coal-based capacity, focusing on renewables and brownfield expansions like pumped storage projects. They aim to commission a 1,000 MW pumped storage project by 2027. Financing will be 70% debt and 30% equity. They target doubling revenues and profits in four years. The future of their coal-fired plant in Mumbai awaits government decisions.

On April 17, 2023, Tata Power-DDL, the distribution arm of Tata Power, signed a 200-MW hydro power purchase agreement with NVVNL. NVVNL will supply hydro power for five years from May to September, starting in 2023. This collaboration will help Tata Power-DDL expand its green energy portfolio.

In November 2023, Tata Power Renewable Energy Limited (TPREL) crossed the 1.4 GW capacity of group captive projects in last seven months. This achievement is the result of signing of Power Delivery Agreements (PDA) with various industries across segments.

As announced in September 2023, Tata Power Renewable Energy Ltd (TPREL) will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar’s new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu.

In August 2023, Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of Tata Power, signed a Power Purchase Agreement (PPA) for 9MWp on campus solar plant with Tata Motors’ Pantnagar plant in Uttarakhand. This solar plant will be the largest on campus solar facility in the State.

Tata Power Renewable Energy Limited commissions 110 MW solar power project for Kerala State Electricity State Board.

Ecofy partners with Tata Power Solar Systems Ltd to enable hassle-free and affordable rooftop solar financing.

Tata Power announced that it will operationalise the solar cell, module facility by December 2023.

In November 2022, Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from the Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) to set up a 150MW solar project in Solapur, Maharashtra.

In February 2022, Tata Power Solar entered into an agreement with the State Bank of India (SBI) to help finance solar power projects through a dedicated centralised processing cell – ‘Surya Shakti Cell’.

In September 2021, Tata Power’s subsidiary TP Saurya Limited (TPSL) announced plans to set up setting up of 250 MW Grid-Connected Solar Photovoltaic Power plant in Maharashtra.

In September 2021, Tata Motors inked a solar power purchase agreement with Tata Power to set up and run a 3 MW solar rooftop project at its passenger vehicle plant in Pune.

In June 2021, Tata Power installed smart meters in Mumbai to offer users options to optimise their electricity consumption in real time.

In line with its commitment to provide 100% green power to Mumbai customers, in June 2021, Tata Power announced that over 37 consumers with a consumption of >19 MUs have opted for ‘Green Power’, this includes consumers from sectors such as Banks and Consumer Business Groups and IT firms.

In June 2021, Tata Power Solar secured a contract worth Rs. 686 crore (US$ 93.58 million) from the NTPC to build 210 MW projects in Gujarat.

In April 2021, Tata Power Solar expanded the manufacturing unit capacity by doubling its cells and modules capacity to 1,100 MW.

In April 2021, Tata Power and Social Alpha announced to invest in ‘URJA’, an Industrial IOT start-up, to build energy-efficiency capabilities.

The NTPC has awarded an EPC (engineering, procurement, and construction) contract worth Rs. 1,200 crore (US$ 163.44 million) to Tata Power Solar for constructing a 320 MW ground-mounted solar PV plant.

Tata Power partnered with SIDBI to provide low-cost, no-collateral rooftop solar financing to MSMEs.

Tata Power raised Rs. 1,000 crore (US$ 135.93 million) by issuing non-convertible debentures (NCDs).

Tata Power Solar Systems Ltd to develop a 250 MW solar project for NTPC

Won the bid for 105 MWp floating solar energy project in Kerala
Tata Power Solar commissioned 70 kW solar rooftop installation at India International Centre

Tata Power Solar received an award for Active Promotion of TBEM

Tata Power installed solar rooftop solar solution at Cricket Club of India, Mumbai

Launched extensive residential rooftop solution across India

Shipped 1 GW modules worldwide

Ranked #1 in the solar rooftop market by Bridge To India

Became a wholly owned subsidiary of the Tata Group

Became the largest cell manufacturer in India

Won Gold for Manufacturing Excellence by Frost & Sullivan

Module manufacturing expansion initiated

Commenced commercial manufacturing

Tata Power and BP Solar partner to establish Tata BP Solar