Tata Power Renewable Energy (TPREL) has secured a contract to develop a 400 MW wind-solar hybrid project for the Maharashtra State Electricity Distribution Company (MSEDCL). This project marks TPREL’s largest renewable energy initiative in Maharashtra, initially contracted for 200 MW, with a greenshoe option for an additional 200 MW. The hybrid power project is scheduled for completion within 24 months after the power purchase agreement signing. Once operational, the generated electricity will supply MSEDCL, aiding the state’s Renewable Purchase Obligation targets and enhancing its renewable energy portfolio.
With this new project, TPREL’s total renewable energy capacity will reach 10.5 GW, including an operational capacity of 4.8 GW—3.8 GW from solar and 1 GW from wind energy. Additionally, TPREL has a solar EPC portfolio exceeding 15 GW in ground-mounted utility-scale projects and over 2 GW in rooftop and distributed systems. Recently, TPREL was recognized in REMC Limited’s auction, winning a contract to supply 750 MW of round-the-clock power from grid-connected renewable sources for 25 years, with a bid of ₹4.43 (~$0.053)/kWh for 50 MW.
Earlier this month, the Delhi Electricity Regulatory Commission approved TPREL’s request to extend the commercial operation date for its 510 MW wind-solar hybrid project in Karnataka. Furthermore, TP Solar, a subsidiary of TPREL, began commercial production at its 2 GW solar cell line in Tirunelveli, Tamil Nadu, to meet the rising demand for domestically produced solar components. The company also operates a solar manufacturing plant in Bengaluru, with capacities of 530 MW for solar cells and 682 MW for modules.