Tata Power Renewable Energy Commissions Massive 300 MW Solar Project in Rajasthan

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has successfully commissioned a significant 450 MWp (DC) / 300 MW (AC) solar power project for NHPC Limited in Bikaner, Rajasthan. This landmark project showcases TPREL's commitment to India's renewable energy sector and its expertise in executing large-scale solar installations.

Project Highlights

The solar project, located at Karnisar Bhatiyan, Bikaner, boasts several impressive features:

Feature	Details
Capacity	450 MWp (DC) / 300 MW (AC)
Modules Installed	Approximately 775,000
Technology	DCR-compliant cells and bifacial modules
Power Supply	Punjab State Power Corporation Limited (PSPCL)
Expected Lifetime Generation	17,230 million units of green electricity
Annual CO₂ Offset	Approximately 13,826,400 tons
Local Employment	Over 300 workers

Technological Advancements

TPREL has integrated advanced DCR (Domestic Content Requirement) cells and bifacial modules to optimize energy generation. The project's execution involved overcoming challenges posed by the desert terrain and extreme temperatures, demonstrating TPREL's robust project management and technical capabilities.

Environmental and Social Impact

The project is expected to make a significant contribution to India's clean energy goals. By generating 17,230 million units of green electricity over its lifetime, it will help offset around 13,826,400 tons of CO₂ annually. Additionally, the project has created employment opportunities for over 300 local workers and promoted local vendor development, contributing to the regional economy.

TPREL's Growing Portfolio

With this commissioning, TPREL has reinforced its position in India's renewable energy sector:

Total renewable utility capacity: 11.60 GW
Operational capacity: 5.80 GW (4.70 GW solar, 1.10 GW wind)
Under implementation: 5.80 GW (3.00 GW solar, 2.80 GW wind)

The company has commissioned over 4.90 GW of third-party projects to date, with more than 980 MW delivered in the current financial year alone.

Future Outlook

This project aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity by 2030 and reaching net-zero greenhouse gas emissions by 2070. TPREL's ongoing projects are expected to be completed in phases over the next 6 to 24 months, further contributing to the country's clean energy transition.

The successful commissioning of this large-scale solar project in Rajasthan demonstrates TPREL's capabilities in executing complex renewable energy projects and its commitment to India's sustainable energy future.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.67%	-1.62%	-5.06%	-5.61%	-7.85%	+517.89%

Tata Power , one of India's largest integrated power companies, has reported a 14% growth in profit after tax (PAT) for the 24th consecutive quarter, despite challenges faced by its Mundra plant. The company's strong performance was driven by significant growth in key business segments and strategic investments in renewable energy.

Strong Performance Across Segments

Tata Power achieved remarkable growth in several key areas:

Segment	PAT (in crores)	Growth (YoY)
Odisha Discoms	174.00	362%
Solar Manufacturing	240.00	262%
Rooftop Business	123.00	390%

The company also crossed a milestone by achieving an EBITDA of over Rs. 4,000.00 crores for the quarter.

Renewable Energy Expansion

Tata Power is aggressively expanding its renewable energy portfolio:

Plans to add 1.3 gigawatts of renewable capacity in the second half of the fiscal year
Expects to reach nearly 7 gigawatts of operating renewable assets by the end of the fiscal year
Aims to add 2 to 2.5 gigawatts of renewable capacity annually

Dr. Praveer Sinha, CEO and Managing Director of Tata Power, stated, "We are on track with our capacity addition plans, and you will see significant additions in Q3 and Q4."

Manufacturing and Investment Plans

Tata Power is evaluating significant investments in manufacturing:

Considering a 10-gigawatt ingot-wafer manufacturing plant
The company believes there's a growing demand for wafer and ingot manufacturing capability in India
Expects the country to require about 50 to 60 gigawatts of wafer and ingot manufacturing capability in the next two to three years

Hydro Power Projects in Bhutan

Tata Power announced its investment in the 1,125-megawatt Dorjilung hydro project in Bhutan:

The company will have a 40% stake in the project
Total project cost is estimated at Rs. 13,000.00 crores
Tata Power's equity contribution will be about Rs. 1,500.00-1,600.00 crores

Future Outlook

Tata Power remains committed to its growth strategy:

Plans a total CAPEX of Rs. 25,000.00 crores for the current financial year
Focuses on expanding its green portfolio, including renewable energy and rooftop solar installations
Continues to evaluate opportunities in thermal power, including potential acquisitions of stressed assets

Despite challenges, including a prolonged monsoon affecting power demand and delaying project completions, Tata Power maintains a positive outlook. The company's diversified portfolio and strategic investments in renewable energy and manufacturing position it well for future growth in India's evolving power sector.

Financial Position

Tata Power's balance sheet remains strong:

Net debt-to-underlying EBITDA ratio at 3.30
Net debt-to-equity ratio at 1.20
Received an S&P Global Upgrade of Outlook from BBB-/positive to BBB Stable

As Tata Power continues to navigate the changing landscape of India's energy sector, its focus on renewable energy, manufacturing, and strategic investments appears to be paying off, setting the stage for sustained growth in the coming years.