Mumbai, April 14, 2025 — In a major milestone for India’s renewable energy sector, Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 200 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

With this deal, TPREL’s total renewable energy capacity has surged to 10.9 GW, cementing its position as one of India’s largest green energy companies. The company shared this update through a regulatory filing with BSE and NSE, in line with Regulation 30 of SEBI (LODR) Regulations, 2015.

About the Project

The newly signed project will be executed across multiple locations in India and will consist of a hybrid configuration of Solar, Wind, and Battery Energy Storage System (BESS) technologies. It is expected to be completed within 24 months and will deliver an estimated 1,300 million units (MUs) of electricity annually.

One of the most notable features of the project is its “firm and dispatchable” nature, ensuring 90% availability during peak demand hours. This will enhance grid reliability and help distribution companies (DISCOMs) meet growing energy needs more efficiently.

Environmental Impact

The project is projected to reduce over 1 million tons of carbon dioxide emissions every year, contributing significantly to India’s climate targets. The agreement underscores Tata Power's commitment to sustainability, energy innovation, and decarbonization.

TPREL’s Expanding Portfolio

With this new project:

• TPREL’s total renewable capacity reaches 10.9 GW, up from its earlier base.

• Of this, 5.5 GW is already operational, comprising 4.5 GW of solar and 1 GW of wind energy.

• 5.4 GW is under various stages of implementation, evenly divided between 2.7 GW solar and 2.7 GW wind.

These ongoing projects are expected to be commissioned over the next 6 to 24 months in a staggered manner.

Strategic Importance

This hybrid project aligns with India’s energy policy focus on firm renewable energy, which ensures uninterrupted supply from clean sources, replacing conventional fossil fuel-based generation during high-demand periods. The collaboration also deepens TPREL’s strategic relationship with NTPC, India’s largest integrated power producer.

By combining solar and wind energy with advanced storage solutions, TPREL is taking a leadership role in pushing the boundaries of flexible, grid-supportive renewable energy in India.

About Tata Power

Tata Power Company Limited is India’s leading integrated power utility, operating across the full power value chain from generation to distribution and trading. A member of the Tata Group, the company commands a diversified portfolio of 15.7 GW, including 6.8 GW of clean energy capacity, accounting for 44% of its total generation.

With an ambitious plan to become carbon neutral before 2045, Tata Power is deeply invested in scaling up renewable energy, smart grid solutions, energy storage, and solar manufacturing. The company serves approximately 12.5 million customers nationwide through its various ventures.

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