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Home » News » Tata Power Renewable Energy Limited signs a PPA with SJVN

Tata Power Renewable Energy Limited signs a PPA with SJVN

May 4, 2024 1:35 pm

Tata Power Renewable Energy Limited signs a PPA with SJVN
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Tata Power Signs Agreement with SJVN for 460 MW Renewable Energy Project, Set to Offset 2,200 Mn. Kgs of CO2 Annually.

Tata Power Renewable Energy Limited (TPREL), a leading entity in India’s renewable energy landscape and a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

The 460 MW FDRE Project, a testament to TPREL’s commitment to reliable and sustainable energy solutions, is a pioneering initiative. It integrates solar, wind, and battery storage technologies, ensuring efficient energy dispatch during peak hours and stabilizing the grid. This innovative approach enables round-the-clock power supply, assisting distribution companies (Discoms) in fulfilling renewable purchase obligations (RPO) and energy storage obligations (ESO).

Commenting on the partnership, Deepesh Nanda, CEO and Managing Director of Tata Power Renewable Energy Limited, said, “This partnership with SJVN Limited will witness the deployment of best-in-class sustainable energy solutions from TPREL. It will go a long way towards meeting the green energy objectives of SJVN Limited. By integrating diverse renewable energy sources and leveraging the importance of firm and dispatchable renewable energy (FDRE), the collaboration will ensure a dependable power supply and actively contribute to India’s ambitious renewable energy targets.”

Pawan Varma, Executive Director (REIA & RTS) at SJVN Limited, said,“We are excited to collaborate with Tata Power Renewable Energy Limited to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation’s transition towards clean energy.”

The 460 MW FDRE Project is not just about generating power, but also about making a significant environmental impact. It is expected to generate approximately 3,000 MUs of power while offsetting a substantial ~2200 Mn. Kgs of CO2 emissions annually, contributing to India’s efforts to transition to clean energy.

In addition, TPREL’s total renewables capacity has reached 9,421 MW (the PPA capacity is 7,978 MW), including 4,906 MW projects under various stages of implementation. The company’s operational capacity stands at 4,515 MW, which includes 3,485 MW of solar and 1,030 MW of wind.

The company’s solar EPC portfolio includes more than 12.8 GWp of ground-mount utility-scale systems, over 2 GW of rooftop and distributed ground-mounted systems and over 1,00,000 solar water pumps. TPREL is committed to providing energy access to millions of people across the country via its integrated green energy solutions.

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