Tata Power has enhanced its renewable portfolio by 7% to 3,883 mega watts (MW) and plans to add 700 MW in the near future to take the capacity to 4,600 MW. More than a third of Tata Power’s portfolio comes from clean energy. Of the 3,383 MW, 932 MW comes from wind and 1,705 MW comes from solar alone.
“The company’s renewable energy portfolio stands at 3,883 MW, a 7% increase from the corresponding quarter last year,” said a company statement.
“We, at Tata Power, have constantly strived to proliferate the company’s renewable energy portfolio with each passing year. We successfully added a capacity of 312 MW to our TPREL portfolio last year and are in the process of adding another 700 MW.
We aim to add a large amount of renewable energy capacity through wind, rooftop solar, solar panels and microgrids to our portfolio every year and scale up our existing portfolio in the next five years,” said Praveer Sinha, MD & CEO, Tata Power. About 36% of the firm’s capacity comes from clean generation sources, and is about 1% of India’s total capacity of 372 GW.