Mumbai: Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year. The company's non-fossil fuel portfolio comprises 693 MW of hydro, 990 MW of solar, 1074 MW of wind, and 375 MW of waste gas based generation.
"Taking a step further towards building a greener portfolio last year, Tata Power revised its share of non-fossil fuel based capacity up to 35-40 per cent by 2025," the company said in a statement issued here.
The company has renewable energy projects in states like Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan and is currentlt in the process of implementing nearly 500 MW of renewable power projects at various locations.
In FY16, Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of Tata Power, completed the acquisition of Welspun Renewables Energy Private (WREPL) to become the largest renewable energy company in India.
WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of renewable power projects comprising of about 990 MW solar and about 150 MW of wind power projects.
Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation. "Crossing the 4,000 MW mark is one of the many key milestones in our endeavor to generate 35-40 per cent of Tata Power's total generation capacity from clean energy sources.
This mammoth leap is well in line with our aim to enhance and increase our non-fossil fuel capacity, and maintaining our value of sustainable growth," its CEO and Managing Director Anil Sardana said.
