Tata Power adds 1414 MW of non-fossil fuel capacity
Tata Power, announced that the Company's total generation capacity from non-fossil fuel sources stands at 3133MW, making it the largest renewable energy company in India. The company's robust non-fossil fuel portfolio comprises 693MW of Hydro, 990MW of Solar, 1074MW of Wind, and 375MW 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 per cent by 2025. According to an announcement made by the Company, its wind generation capacity has also increased by 82 percent in FY17, up from 591MW in FY 16 to 1074MW in FY 17, and solar generation capacity has by 1554 per cent, up from 60MW in FY16 to 990MW in FY17. The Company has several renewable energy projects located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. 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. Anil Sardana, CEO & MD, Tata Power, said, "We are delighted to have crossed the 4000MW milestone for our operating non-fossil fuel capacity. This is one of the many key milestones in our endeavor to generate 35-40 percent 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," he said.
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