Stock Report

Tata Power Renewables signs PPA with Tata Power Mumbai Distribution to Set up 80 MW Firm and Dispatchable Renewable Energy Project

Posted On : 2025-10-02 18:31:19( TIMEZONE : IST )

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a prominent player in India's renewable energy sector, has entered into a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for a contracted capacity of 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.

The project will integrate advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability.

The project, to be completed within 24 months, is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions per year. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Tata Power Mumbai Distribution.

This project will play a pivotal role in helping Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State's Regulatory Commission.

Once commissioned, the clean energy generated from this project will be seamlessly integrated into Tata Power's Mumbai distribution network, enabling the delivery of reliable, low-emission electricity to around 8 lakh customers across residential, commercial, and industrial consumers.

This collaboration reinforces TPREL's position as a trusted leader in India's renewable energy sector. With a steadfast commitment to sustainability and innovation, the company continues to drive forward India's mission of a greener and more resilient energy future.

With this addition, TPREL's total renewable utility capacity is 11.3 GW (PPA capacity is 9.4 GW) including 5.7 GW projects under various stages of implementation and its operational capacity is 5.6 GW, which includes 4.6 GW solar and 1 GW wind. Presently, the company's solar EPC portfolio is more than 15.7 GWp of ground-mount utility-scale and over 3 GW of rooftop and distributed ground-mounted systems. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 391.00 as compared to the previous close of Rs. 388.75. The total number of shares traded during the day was 657866 in over 7481 trades.

The stock hit an intraday high of Rs. 392.80 and intraday low of 386.70. The net turnover during the day was Rs. 256458375.00.