Tata Power Company Ltd on Thursday said it plans to set up a 10-GW ingots and wafers manufacturing facility in Odisha at an investment of Rs 10,000 crore. Ingots and wafers are key raw materials used in the production of solar cells and modules, as well as semiconductor chips, it said in a release. The company, which currently has 4.55 GW of cell and module manufacturing capacity, aims to backward integrate ingots and wafers into its solar cell and panel production for both domestic use and export markets, it said. "Tata Power is evaluating two possible locations like Gopalpur in Ganjam district and Cuttack for its ingots and wafers facility. Both locations offer proximity to the port," the release said.
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Tata Power will set up 4 GW of new renewable capacity by FY27, explore 10 GW ingot and wafer manufacturing, and develop a 1,125 MW hydro project in Bhutan
Coal still meets about two-thirds of India's electricity demand, and the government has announced plans to add nearly 90 gigawatts of additional capacity through 2032
The analysts have set a target price of ₹480 per share, reflecting a comprehensive valuation of Tata Power's diverse business segments
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ACME Solar Holdings on Friday announced signing an agreement with Tata Power Company Ltd for a 50 MW firm and dispatchable renewable energy project. An FDRE project integrates advanced solar, wind and battery energy storage systems (BESS) to enable reliable energy dispatch during peak demand. In a statement, ACME Solar Holdings said its "SPV has signed a 25 years Power Purchase Agreement (PPA) with the Tata Power Company Limited (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project on 16 October 2025." The project was awarded in September 2025. The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and four hours of peak-hour supply with 90 per cent availability on a monthly basis. This project would combine multiple renewable energy technologiesincluding Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this, the company has signed PP
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Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around ~30,700 crore
Women volunteers are encouraging people to adopt clean energy solutions in villages under power discom Tata Power Delhi Distribution Limited's Solar Sakhi Abhiyan. The initiative, launched recently from the Pooth Khurd Village, is in alignment with the central government's PM Surya Ghar: Muft Bijli Yojana. At the heart of the initiative are 100 Solar Sakhi members women volunteers trained to serve as ambassadors of solar energy in villages. They will spread awareness on rooftop solar benefits, educate households on clean energy solutions, and act as a bridge between government policies and communities in more than 75 villages of Tata Power-DDL, the statement added. Each Solar Sakhi has been provided with a distinctive jacket, symbolising pride, leadership, and recognition, it said. Neeraj Semwal, Secretary (Power) in the Delhi government, said: "The Delhi government is committed to promoting renewable energy and inclusive growth. Initiatives like Solar Sakhi Abhiyan strengthen thi
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Tata Power Renewable Energy Ltd (TPREL) has signed a power purchase agreement with Tata Power Mumbai Distribution to set up an 80 MW FDRE project at Rs 1,200 crore. An FDRE (Firm and Dispatchable Renewable Energy) project integrates advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability. The time period for project execution is 24 months, Tata Power, the parent company of TPREL, said in an exchange filing. On the broad size of the order, the company said the capex is about Rs 1,200 crore. In a separate statement, Tata Power said the project is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions per year. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90 per cent availability during peak demand hours to support the growing energy needs of Tata Power Mum
Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with public lender Bank of Baroda to offer financing solutions to MSMEs and Commercial & Industrial (C&I) units for solar equipment and projects. Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorised partners, the company said in a statement on Friday. The financing scheme offers a rate of interest starting from 7.75 per cent, collateral-free loans of up to Rs 10 crore, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage and flexible repayment tenure of up to 120 months. As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. Various renewable energy companies have tie-ups with banks to offer lending facilities for solar adoptions.
Suzlon Group on Tuesday said it has secured an 838 MW order from Tata Power Renewable Energy, the largest order of this fiscal year, as part of its firm and dispatchable renewable energy project. This is also Suzlon's second-largest order ever, following the 1,544 MW order from NTPC Green Energy, and demonstrates the growing role of FDRE projects in accelerating India's energy transition, a company statement said. The 838 MW project will comprise 266 of Suzlon's S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC. "As Tata Power Renewable Energy embarks on a strategic transformation to achieve 100% clean power by 2045, we're proud to support this ambitious journey with our advanced, 'Made in India' wind technology. Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared ...
Tata Power Renewable Energy signed a contract with Suzlon Group for the supply of wind turbine generators totalling 838 MW
ACME Solar Holdings on Wednesday said it has secured a 50 MW Firm and Dispatchable Renewable Energy project from Tata Power-D. The FDRE tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted on August 13, 2025, a company statement said. ACME Solar Holdings Ltd has received a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of Rs 4.43 per unit under a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D), according to a statement. Tata Power-D is a licensed electricity distribution company and is a part of Tata Power Company Ltd. The project will be required to maintain a minimum annual CUF (Capacity Utilisation Factor) of 40 per cent and ensure four hours of peak-hour supply with 90 per cent monthly availability. The project would combine multiple renewable energy technologies, including solar and Battery Energy Storage System (BESS), to meet the supply ..
The Tata Power-led Odisha discoms on Monday launched a 1-kW rooftop solar scheme, enabling households to generate around 100 units of electricity per month, officials said. The scheme was launched under the Utility-Led Aggregation (ULA) model, as part of the government's flagship PM Surya Ghar Muft Bijli Yojana. While setting up a 1-kW solar system typically requires an investment of Rs 65,000-Rs 75,000, under the ULA model, consumers are required to make a one-time payment of Rs 5,000, the company said in a statement. The bulk of the cost is met through central and state subsidies, aggregated and facilitated by Tata Power-led Odisha discoms. "With a 1-kW rooftop solar system, households can generate around 100 units of electricity per month, leading to average annual savings of nearly Rs 5,000. This translates into consistent relief in monthly electricity bills while supporting Odisha's renewable energy ambitions," said Gajanan S Kale, chief of Tata Power's Odisha distribution ...
India must accelerate renewables, ease capital access, and streamline clearances to achieve its 500 GW clean energy goal by 2030, says Sinha
Sinha says power sector requires ₹3 trn in funding over 5 years