A Tata Power’s subsidiary Tata Power Renewable Energy Ltd (TPREL) announced that it has commissioned a 100 MW solar power project in Andhra Pradesh state in India. The project was implemented to boost the use of renewables in the country in order to meet the ambitious goal to add 227 GW of renewable energy capacity by March 2022.
The project is located in Anthapuramu Solar Park in Andhra Pradesh. The total renewable capacity of TPREL becomes 2,215 MW including this project. The firm plans to add 1,000 MW of clean energy to their portfolio annually. That would amount to up to 50% increase in the next 5 years.
TPREL is solely owned by Tata Power, the power giant of India. It is one of the primary investments by Tata in the field of clean and renewable energy.
“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019”. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to add around 1,000 MW renewable energy capacity to our portfolio every year, scaling it to 45-50 percent in the next five years, largely through organic growth.” Praveer Sinha, the CEO and managing director, Tata Power, said.
The project by TPREL is tied up under a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) and is also a part of government’s MNRE scheme. Built under the grid-connected solar capacity of Jawaharlal Nehru Solar Mission (JNNSM) Phase II, Batch-III, its viability gap funding (VGF) is done by the government.
“The commissioning of 100 MW capacity in Anthapuramu has fortified our position as a leading renewable energy company in the country with a strong presence in solar power generation. We will continue to seek potential of sustainable growth in India and selected international geographies.” Ashish Khanna, president-renewables, Tata Power, said.