Tata Power Solar Systems Ltd (TPSSL) has installed rooftop solar systems at more than 600 locations in Chhattisgarh under an initiative, a company official said on Sunday. The company, which is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), launched its rooftop solar system installation initiative after its success in Rajasthan, Uttar Pradesh and Kerala, the official said.. Though the installation of rooftop solar systems under the initiative, 'GharGharSolar, Tata Power ke Sang', started in mid-this year in the state, it was officially launched by Tata Power Company Chief Executive Officer and Managing Director Praveer Sinha and TPREL CEO and MD Deepesh Nanda this week, the official said. The initiative intends to make clean energy available to all households in the state, building on the commitment to promoting sustainable energy solutions throughout India, he said. Chhattisgarh has become a significant hub for TPSSL's activities and initiatives, with a cate
The Tata group company's solar cell production, currently at 2 GW capacity, will enhance Tata Power's ability to meet the growing demand for high-quality and domestically produced solar components.
Tata Power on Tuesday said it has logged 31 per cent rise in consolidated net profit at Rs 1,189 crore, compared to the year-ago period, on back of operational efficiency. "At Rs 1,189 crore, growing 31 per cent YoY (year-on-year), the company reported its highest ever and 19th consecutive quarter of PAT growth on the back of strong operational performance and execution excellence across all its businesses of generation, transmission & distribution, and renewables," Tata Power said in a statement. According to the statement, these businesses contributed 84 per cent of the PAT (net profit) in Q1FY25, compared to 72 per cent in the same period in FY24. The statement showed that the consolidated net profit before exceptional items was Rs 906 crore in the quarter ended June 30, 2023. The company's revenue rose 12 per cent YoY to a record high of Rs 16,810 crore (from Rs 15,003 crore in Q1 FY24), and EBITDA grew 11 per cent to Rs 3,350 crore in the reported quarter (from Rs 3,005 crore
Tata Power Solar Systems Ltd (TPSSL) on Friday said it has partnered with Bank of India (BOI) to facilitate easy financing for rooftop solar installations and establishment of electric vehicle (EV) charging stations. The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing and strengthening its leadership as a green energy solutions provider, a statement said. This collaboration supports the government's initiatives to promote rooftop solar installations, targeting a wide spectrum of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). Under the PM Surya Ghar Yojana, residential customers seeking to install solar systems up to 3 KW can avail loans up to Rs 2 lakh with only a 5 per cent margin money requirement. These loans are offered at an attractive interest rate of 7.10 per cent pe
Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti
The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution
'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'
Tata Power Solar Systems has bagged a Rs 418 crore order to supply 152 MWp solar PV modules for an NTPC project at Nokh in Rajasthan. Tata Power Solar Systems Ltd (TPSSL) has signed a contract to supply 152 MWp solar PV modules for NTPC's Nokh Solar PV Project in Rajasthan, the company said in a statement. According to the statement, the project holds a significant order value of about Rs 418 crore. The NTPC is developing 3x245 MW (735 MW) Nokh Solar Park at Pokhran, Jaisalmer, Rajasthan. The TPSSL's solar cell and module manufacturing plant in Bengaluru will supply 152 MWp DCR Solar PV Modules for this project, the statement added.
The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA)
Tata Power: The solar plant is projected to produce an annual electricity of 61.875 million units and will be likely commissioned by March 2024
The solar installations are expected to be commissioned by mid-2025 and will generate a substantial amount of clean energy annually, said the company
Tata Power Solar Systems Ltd (TPSSL) has bagged a 300 MW project worth Rs 1,755 crore from state-owned NLC Ltd. The company will also do the operation and maintenance of the project for 3 years after the commercial operation declaration. The 300 MW Domestic Content Requirement (DCR) based project located at Barsingar in Bikaner, Rajasthan, is expected to generate more than 750 million units renewable energy and reduce 6 lakh tonne of CO2 annually, a statement said. The Letter of Award (LoA) for the project was given through competitive bidding. The project will get commissioned within 18 months from the date of receiving of LoA, it said. TPSSL will handle the complete project execution from designing to commissioning and the evacuation system up to delivery point. The company's total order book stands at about Rs 17,000 crore. NLC has been a forerunner amongst public sector enterprises in the energy sector, with large scale lignite production and significant share in thermal and
Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha
Tata Power Solar Systems on Wednesday announced the launch of cost-efficient solar off-grid solutions in West Bengal, Bihar and Jharkhand. Tata Power Solar Systems Ltd (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). The off-grid solutions provide a combination of high-efficient solar modules, inverters and batteries and are available in 11 variants ranging from 1 - 10 Kw with 5-year warranty, a company statement said. The solutions offered by the company are engineered to provide an efficient integrated power system to consumers for their power backup requirements in times of grid supply shortages. The solution was unveiled in the presence of S Suresh Kumar, Additional Chief Secretary, West Bengal; Partha Pratim Mukherjee, Director (Distribution), West Bengal Power Development Corporation Ltd and Nayak, Director (EV), West Bengal Power Development Corporation Ltd in Kolkata. These solar off-grid solutions are charged during the day time and enable
Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.
Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake
Chief Minister M K Stalin also lays foundation stone for 21 projects with an investment commitment of Rs 22,252 crore and employment potential for about 17,654 persons
In a Q&A Ashish Khanna, president, Tata Power Renewables talks about the road ahead for the company in the renewables space in India
State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief - Business Development, Tata Power Solar Systems Ltd. Sharma said this Rs 5,500 crore-EPC contract is the country's biggest solar contract awarded till date. The contract includes end-to-end delivery of commissioned solar plant to SJVN including arrangement of land on outright purchase basis, power evacuation system up to the ISTS (inter-state transmission system) sub station, and operation and maintenance of the solar PV plant for three years. SJVN had secured this 1,000 MW solar project through CPSU
Tata Power Solar Systems on Thursday said it has won India's largest solar engineering procurement and construction (EPC) order for 1 GW project worth Rs 5,500 crore from state-owned SJVN Ltd. According to a company statement, this EPC order has been designed keeping in mind the innovative use of Make in India' cells and modules. The project will be developed under the CPSU (central public sector undertaking) scheme of Ministry of New & Renewable Energy and will be completed within 24 months. Covering 5,000 acres of land in Rajasthan, this project aims at reducing around 22,87,128 kg of carbon emission and is expected to generate around 2,500 million units annually. "Implementation of such large project reflects our commitment to the promotion of clean and green energy in the country and strengthens our position as the leading solar EPC player," Praveer Sinha, CEO & MD, Tata Power, said. Tata Power Solar has always been a pioneer in implementation and commissioning of such ...