The company’s robust non-fossil fuel portfolio comprises of 693 MW of Hydro, 918 MW of Solar, 1074 MW of Wind, and 375 MW of waste gas based generation.
Taking a step further towards building a greener portfolio last year, the Company revised its share of non-fossil fuel based capacity up to 35-40% by 2025.
The company’s wind generation capacity has also increased by 82% in FY17, up from 591 MW in FY 16 to 1074 MW in FY 17, and solar generation capacity has by 1539%, up from 56 MW in FY16 to 918 MW in FY17.
The company has several renewable energy projects located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan.
The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations.
In FY16, Tata Power Renewable Energy Ltd (TPREL), a wholly owned subsidiary of Tata Power, completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) to become the largest Renewable Energy Company in India. WREPL has one of the largest operating solar portfolios in India spread across ten states.
It has about 1,008 MW of Renewable Power Projects comprising of about 862 MW Solar Power Projects and about 146 MW of Wind Power Projects.
Speaking on this achievement, Anil Sardana, CEO & MD, Tata Power, said, “"We are delighted to have crossed the 3000 MW milestone for our operating non-fossil capacity. This is one of the many key milestones in our endeavor to generate 35-40 per cent of Tata Power's total generation capacity from clean energy sources. This mammoth leap is well in line with our aim to enhance and increase our non-fossil fuel capacity, and maintaining our value of sustainable growth. We will continue in our endeavors to further strengthen our operations with excellence and optimally utilise our resources to boost the generation capacity.”
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