Tata Power Renewable Energy Ltd collaborates with Suzlon to Co-develop 838 MW capacity Wind Energy Projects

Tata Power Renewable Energy Limited (TPREL), a key player in India's green energy landscape and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a contract with Suzlon Group (Suzlon) for the supply of wind turbine generators with a combined capacity of 838 MW. These turbines will support TPREL's various projects across multiple states, scheduled for completion over the next few years.

This partnership reinforces TPREL's position as a leader in India's renewable energy transition, playing a vital role in advancing the country's target of reaching 500 GW of renewable energy capacity by 2030. It also reflects TPREL's focus on scaling up wind-led clean energy projects that are reliable, dispatchable, and economically viable.

TPREL has a wind energy portfolio exceeding 3.9 GW, with over 1 GW operational and the remainder under various stages of development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

Under the agreement, Suzlon - a prominent renewable energy player - will deliver a comprehensive end-to-end solution for these projects, leveraging its extensive expertise in the wind energy domain. The agreement marks the third strategic collaboration between TPREL and Suzlon, highlighting a strong partnership built over more than a decade.

This initiative supports Tata Power's overarching goal of achieving 100% clean energy by 2045 and complements its expanding renewable energy portfolio, which currently totals 15.7 GW, with 6.9 GW sourced from clean energy.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 396.05 as compared to the previous close of Rs. 387.90. The total number of shares traded during the day was 590281 in over 7217 trades.

The stock hit an intraday high of Rs. 399.90 and intraday low of 387.90. The net turnover during the day was Rs. 234045220.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 TATAPOWERRenewableEnergy Collaboration Suzlon CoDevelopment WindEnergyProject