Tata Power Renewable Energy Ltd ties up with Tata Motors Ltd to set up 131 MW Wind-Solar hybrid Project

Tata Power's renewable energy arm, Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, a frontrunner in India's clean energy transition and Tata Motors Limited (Tata Motors), India's leading automobile manufacturer, have signed a landmark Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.

Set to generate approximately 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year. Enabled through co-investment and a long-term PPA, this integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles.

This initiative significantly advances the Tata Motors' clean energy transition for achieving its RE-100 commitment ahead of the 2030 target and accelerates meaningful progress toward climate-resilient operations. It also marks a major milestone in Tata Motors' sustainability roadmap, aligning with its broader ambition to achieve net-zero emissions and lead the shift towards environmentally responsible manufacturing.

By offering integrated Round-The-Clock (RTC) green energy solutions, TPREL helps these energyintensive industries meet their ESG and RE100 goals. It stands out among its peers due to its ability to combine solar, wind, floating solar, and battery storage into a hybrid model, providing reliable, uninterrupted clean power while optimizing costs.

With a pan-India presence, strong execution capabilities, and deep regulatory expertise, TPREL delivers scalable, customized energy solutions, positioning itself as a most trusted partner in India's clean energy transition, having recently surpassed 1.5 GW in group captive project capacity.

TPREL is driving the sustainable energy transition for a diverse range of Commercial & Industrial (C&I) sectors, including Steel, Automotive, Polymer, Hospitality, Retail, and Realty. It has collaborated with Tata Group entities, including Tata Steel, Tata Motors, Tata Communications, IHCL etc. to implement group captive solar projects, thereby advancing the Group's transition towards sustainable energy.

Under its Group Captive portfolio, TPREL currently operates approximately 478 MW of renewable energy capacity. In addition, nearly 1.1 GW of capacity are at various stages of implementation and will be completed in next 6-24 months. With this order, the total Group Captive capacity will be over 1.5 GW.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 390.95 as compared to the previous close of Rs. 381.35. The total number of shares traded during the day was 374930 in over 6837 trades.

The stock hit an intraday high of Rs. 393.85 and intraday low of 382.50. The net turnover during the day was Rs. 146128441.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 TataPowerRenewableEnergy PPA TataMotors