Tata Power Renewables inks 80 MW renewable energy PPA with Tata Power Mumbai

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution (TPC-D) for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project, with an approximate CAPEX of INR 1,200 crore, is expected to be completed within 24 months. It will integrate advanced solar, wind, and battery storage systems, generating approximately 315 million units (MUs) of electricity annually and mitigating over 0.25 million tons of CO2 emissions per year.

The PPA is categorized as a related party transaction and is conducted at arm’s length. This project will deliver a 4-hour peak power supply, ensuring at least 90% availability during peak demand hours, thereby aiding Tata Power Mumbai Distribution in meeting its Renewable Purchase Obligation (RPO).

Upon commissioning, the clean energy will be integrated into Tata Power's Mumbai distribution network, serving approximately 8 lakh customers. This addition increases TPREL's total renewable utility capacity to 11.3 GW, including 5.7 GW projects under various stages of implementation and an operational capacity of 5.6 GW.