Tata Power Renewable Energy and SJVN Join Forces for 460 MW Clean Energy Project

Tata Power Renewable Energy Ltd (TPREL) has announced an agreement with state-owned SJVN Ltd to establish a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project. The agreement, signed on Saturday, is a significant step in advancing round-the-clock renewable energy supply to meet the growing demands of power distribution companies (discoms).

An FDRE plant combines solar, wind, and battery storage technologies, allowing for continuous energy dispatch even during peak demand periods. This innovative approach not only stabilizes the grid but also helps discoms fulfill their Renewable Purchase Obligations (RPOs) and Energy Storage Obligations (ESOs). According to TPREL, the new plant is expected to generate nearly 3,000 million units (MUs) of power annually, while also offsetting 2,200 million kgs of CO2 emissions.

Deepesh Nanda, CEO and Managing Director of TPREL, highlighted the project's potential to drive the company's commitment to sustainable energy and SJVN Ltd's green energy objectives. "This partnership with SJVN Ltd will witness the deployment of sustainable energy solutions from TPREL. It will go a long way in meeting the green energy objectives of SJVN Ltd," he said.

With this latest agreement, TPREL's total renewable capacity has reached 9,421 MW, with 4,906 MW in various stages of implementation. The company's operational capacity stands at 4,515 MW, comprising 3,485 MW of solar and 1,030 MW of wind power. This deal represents a significant stride towards expanding India's renewable energy infrastructure and reinforces the ongoing shift toward a more sustainable energy landscape.

HBL