Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
A 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. has been awarded to Tata Power Renewable Energy Ltd. (TPREL). As to Tata Power’s regulatory filing, FDRE offers continuous power supply and aids distribution companies in fulfilling their renewable purchase requirement (RPO) and energy storage obligation (ESO). “Tata Power Renewable Energy Limited…
On Monday, Tata Power Renewable Energy Ltd (TPREL) announced that it has reached a deal with Endurance Technologies Ltd for the construction of a 12.5 MW captive solar facility in Maharashtra. According to a statement from TPREL, it has already signed a Power Delivery Agreement (PDA) in this regard with Endurance Technologies Ltd. The plant…
On Tuesday, Tata Power announced an investment of Rs 13,000 crore for the construction of two pumped hydro storage projects (PSPs) in Maharashtra. The business stated that the two projects will have a combined capacity of 2,800 MW without providing a timetable for the expenditure. A corporate statement defining a PSP stated that during periods…
A contract to put up a 966 MW round-the-clock hybrid renewable power project for Tata Steel was awarded to Tata Power Renewable Energy through its subsidiary TP Vardhaman Surya Ltd. According to a corporate statement, the project has a hybrid renewable capacity of 379 MW solar and 587 MW wind power. One of the most…
The second round of the production-linked incentive (PLI) plan for the solar industry has awarded contracts to up to 11 businesses, including Reliance, ReNew, Indosol, First Solar, Tata Power Solar, and Avaada, for solar photovoltaic (PV) manufacturing projects totaling 39,600 MW capacity. The positive tender response is anticipated to support India’s aspirations to establish a…
Companies involved in solar energy have expressed shock at the government’s sudden removal of solar from “project import regulations,” which gave products intended for projects with discounted customs tariffs. In accordance with its previously stated aim, the Center introduced basic customs duties of 40% (plus a 10% social welfare surcharge) on imported solar modules and…
Tata Power, one of India’s largest power generation companies has lined up a capital expenditure of ₹75,000 crores for renewable energy over the next five years, Chairman, N Chandrasekaran said to shareholders at the company’s 103rd annual general meeting. The focus on the renewable energy sector has led to steady growth of India’s renewable energy…
Tata motors looking forward to aggressively boost up annual production of Electric Vehicles(EVs) to more than 80,000 units in this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 Electric Vehicles it built and sold in the past financial year. Tata, the country’s largest automaker, last year announced aims…
BlackRock the largest asset manger in the world, entered into a binding agreement to invest ₹4,000 cr in Tata Power’s renewable energy, joining hands with Mubadala Investment Company to help Tata Power arm achieve a portfolio of 20 GW of renewable assets. The Tata Power board has approved a plan to bring all it’s renewable…
