SJVN and Tata Power RE join forces for 460 MW renewable energy venture
Author: BI Bureau
New Delhi: In a significant move towards bolstering India's renewable energy landscape, Tata Power Renewable Energy Limited (TPREL) has sealed a pivotal Power Purchase Agreement (PPA) with SJVN Limited (SJVN). This agreement paves the way for the development of a robust 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project.
The venture, meticulously designed to harness solar, wind, and battery storage technologies, stands poised to generate a substantial 3,000 million units (MUs) of power annually. Notably, this endeavor is projected to offset a 2,200 million kilograms of CO2 emissions on a yearly basis.
Deepesh Nanda, CEO and Managing Director of Tata Power Renewable Energy Limited, highlighted the significance of this collaboration, stating, "This partnership with SJVN Limited will witness the deployment of best-in-class sustainable energy solutions from TPREL. It will go a long way in 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 also actively contribute to India's ambitious renewable energy targets."
This venture marks a significant milestone for TPREL, positioning the company as a key player in the FDRE space. The integrated approach adopted by the project, which facilitates round-the-clock power supply, not only aids Distribution Companies (Discoms) in fulfilling Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO) but also fosters grid stability during peak hours.
With this addition, TPREL's total renewables capacity has surged to an impressive 9,421 MW, including projects at various stages of implementation. Currently, it is operating at 4,515 MW, which includes 3,485 MW solar and 1,030 MW wind. The company's solar EPC portfolio is more than 12.8 GWp of ground-mount utility-scale, over 2 GW of rooftop and distributed ground-mounted systems, and over 1,00,000 solar water pumps.
/BI
