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The PPA has been structured under a group captive model, with both Tata Power and Tata Motors committing co-investment. This initiative supports Tata Motors' RE100 goal to achieve 100% renewable electricity consumption ahead of the global 2030 target.
With this agreement, Tata Power Renewable’s group captive portfolio has crossed 1.5 GW, of which 478 MW is currently operational and nearly 1.1 GW is under various stages of development. These projects are expected to be commissioned over the next 6 to 24 months.
TPREL continues to focus on delivering customized round-the-clock (RTC) energy solutions that integrate solar, wind, floating solar, and battery storage technologies to provide uninterrupted clean power. The company currently serves diverse commercial and industrial sectors, including steel, automotive, polymer, hospitality, retail, and real estate.
Tata Power Company is one of India's largest integrated power companies, and together with its subsidiaries and jointly controlled entities, it has an installed/managed capacity of 14,453 MW. The company has a presence across the entire power value chain—generation of renewable as well as conventional power, including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.
The company’s consolidated net profit rose 8.2% YoY to Rs 1,030.70 crore in the quarter ended 31st December 2024. Net sales increased 5.1% to Rs 15,391.06 crore in Q3 FY25 as compared with Rs 14,651 crore in Q3 FY24.
Shares of Tata Power Company rose 0.22% to Rs 391.80 on the BSE.
Tata Power¡¯s renewable energy arm, Tata Power Renewable Energy (TPREL) and Tata Motors, have signed a landmark Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.
Set to generate approximately 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO©ü emissions each year. Enabled through co-investment and a long-term PPA, this integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors¡¯ six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles.
This initiative significantly advances the Tata Motors¡¯ clean energy transition for achieving its RE-100 commitment ahead of the 2030 target and accelerates meaningful progress toward climate-resilient operations. It also marks a major milestone in Tata Motors¡¯ sustainability roadmap, aligning with its broader ambition to achieve net-zero emissions and lead the shift towards environmentally responsible manufacturing.
By offering integrated Round-The-Clock (RTC) green energy solutions, TPREL helps these energy intensive industries meet their ESG and RE100 goals. It stands out among its peers due to its ability to combine solar, wind, floating solar, and battery storage into a hybrid model, providing reliable, uninterrupted clean power while optimizing costs.
With a pan-India presence, strong execution capabilities, and deep regulatory expertise, TPREL delivers scalable, customized energy solutions, positioning itself as a most trusted partner in India's clean energy transition, having recently surpassed 1.5 GW in group captive project capacity.
TPREL is driving the sustainable energy transition for a diverse range of Commercial & Industrial (C&I) sectors, including Steel, Automotive, Polymer, Hospitality, Retail, and Realty. It has collaborated with Tata Group entities, including Tata Steel, Tata Motors, Tata Communications, IHCL etc. to implement group captive solar projects, thereby advancing the Group¡¯s transition towards sustainable energy.
Under its Group Captive portfolio, TPREL currently operates approximately 478 MW of renewable energy capacity. In addition, nearly 1.1 GW of capacity are at various stages of implementation and will be completed in next 6-24 months. With this order, the total Group Captive capacity will be over 1.5 GW.
Shares of NTPC rose 1.42% to Rs 365.20 on the BSE.
The project, which will be spread across multiple locations in India, is expected to be completed within 24 months. It is projected to generate approximately 1,300 million units (MUs) of electricity annually, thereby mitigating over 1 million tons of carbon dioxide emissions each year.
The project was secured by TPREL through a competitive bidding process and will comprise a mix of solar, wind, and battery energy storage system (BESS) technologies.
A key feature of this initiative is the commitment to a four-hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy requirements of distribution companies.
This collaboration further reinforces TPREL’s position as a leader in India’s renewable energy sector, particularly in hybrid and complex renewable projects involving solar, wind, and battery storage. With a strong commitment to sustainability and innovation, the company continues to advance India's transition to a greener and more resilient energy future.
With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. An additional 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.
Tata Power Company, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.6 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing.
NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity.
Shares of Tata Power Company gained 1.74% to close at Rs 364.50, while shares of NTPC rose 2.96% to settle at Rs 359.70 on 11 April 2025.
The Indian stock market is closed today, 14 April 2025, on account of Ambedkar Jayanti.
The cutting-edge BESS, equipped with advanced 'black start' functionality, will enable a swift recovery of power supply to critical infrastructure, including the metro, hospitals, Airport, and Data Centers, in case of grid disturbances. This will prevent large-scale blackouts and enhance Mumbai's power network resilience. Additionally, the system's sophisticated technology will optimize reactive power management, improving peak demand efficiency and strengthening the city's power infrastructure.
With high ramp-rate capability, the BESS will facilitate peak load management, ensuring a stable and balanced power supply even during high-demand periods. It will also help reduce power purchase costs by storing energy during low-cost periods and utilizing it during high-cost peak hours thereby ensuring reduced tariffs for consumers in the future. Furthermore, the BESS will support capital expenditure (capex) deferral by minimizing the need for costly infrastructure upgrades and efficiently managing load fluctuations with stored energy.
Beyond enhancing grid reliability, the BESS will offer ancillary services, including frequency regulation and voltage support, further strengthening grid stability. It will also enable better utilization of solar energy by storing surplus daytime power and making it available during peak demand, ensuring optimal renewable energy integration with an increase in Green Energy consumption. Additionally, Tata Power's BESS deployment will also fulfil energy storage Obligations.
The entire 100 MW system will be installed across 10 strategically located sites, especially near load centres across Mumbai Distribution, centrally monitored and controlled from Tata Power's Power System Control Center (PSCC).
The entire 100 MW system will be installed across ten strategically located sites, especially near load centres across Mumbai Distribution, centrally monitored and controlled from Tata Power’s Power System Control Center.
The company said the BESS, equipped with advanced ‘black start’ functionality, will enable a swift recovery of power supply to critical infrastructure, including the metro, hospitals, airport, and data centers, in case of grid disturbances. This will prevent large-scale blackouts and enhance Mumbai’s power network resilience. With high ramp-rate capability, the BESS will facilitate peak load management, ensuring a stable and balanced power supply even during high-demand periods.
Beyond enhancing grid reliability, the BESS will offer ancillary services, including frequency regulation and voltage support, further strengthening grid stability. It will also enable better utilization of solar energy by storing surplus daytime power and making it available during peak demand, ensuring optimal renewable energy integration.
The BESS will incorporate three layers of temperature monitoring and fire suppression systems at the cell, module, and rack levels to reduce the risks of fire hazards. The system will have high round-trip efficiency with reduced auxiliary consumption, thereby enhancing operational performance and extending the storage system’s lifespan.
With this initiative, Tata Power Mumbai continues to drive technology innovation and sustainability, reinforcing its commitment to delivering reliable, efficient, and future-ready power solutions for the city.
Shares of Tata Power Company tumbled 4.05% to Rs 354 on the BSE.