Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has signed a power purchase agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW firm and dispatchable renewable energy (FDRE) project. The project will integrate solar, wind, and battery storage and is expected to be completed within 24 months. Once operational, it will generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tonnes of carbon dioxide emissions per year.
A key feature of the project is its ability to provide a four-hour peak power supply with 90% availability during peak demand hours. The clean energy generated will be integrated into Tata Power’s Mumbai distribution network, catering to around 800,000 residential, commercial, and industrial customers. This project will help Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State’s Regulatory Commission.
With the addition of this PPA, TPREL’s total renewable utility capacity now stands at 11.3 GW, with 9.4 GW under PPAs and 5.7 GW under implementation. The company’s operational capacity is 5.6 GW, comprising 4.6 GW of solar and 1 GW of wind power. TPREL also has a significant solar EPC portfolio, including 15.7 GWp utility-scale projects and 3 GW of rooftop and distributed systems.
The project is a significant step towards increasing the use of renewable energy in India and reducing carbon emissions. As the world transitions towards cleaner and more sustainable energy sources, such initiatives are crucial in mitigating climate change. The completion of this project is expected to have a positive impact on the environment and contribute to India’s renewable energy goals. With its strong portfolio and commitment to renewable energy, TPREL is poised to play a major role in shaping India’s energy landscape.
The announcement of this project comes at a time when the importance of renewable energy is being increasingly recognized. As the demand for clean energy continues to grow, companies like TPREL are at the forefront of this transition, driving innovation and investment in the sector. The success of this project will not only benefit the environment but also contribute to the growth and development of the renewable energy industry in India.
The project’s ability to provide firm and dispatchable power will also help to address the intermittency challenges associated with renewable energy sources. The integration of battery storage will enable the project to supply power during peak demand hours, reducing the strain on the grid and providing a reliable source of clean energy. Overall, this project is a significant step forward in India’s transition to a more sustainable and renewable energy-based economy.