10 GW of Sunshine & Wind: Tata Powers Lights Up Tamil Nadu

Tata Power Company (TPCL) is embarking on a transformative initiative, committing an impressive investment of Rs 70,000 crore to establish 10 GW solar and wind units in Tamil Nadu over the next five to seven years. The ambitious project will see an equitable distribution between solar and wind power capacities.

Anticipating the imminent signing of a memorandum of understanding (MoU) between the state government and Tata Power, the company is poised to achieve the 10 GW generation milestone. This endeavor complements the development of a cutting-edge 4.3 GW solar cell and module manufacturing facility in Tirunelveli, requiring an investment of Rs 4,000 crore.

In a strategic move, Tata Power Renewable Energy (TPREL), a subsidiary of TPCL, will initiate the establishment of a 41 MW captive solar plant in Thoothukudi. This facility will play a crucial role in supporting TP Solar's new 4.3 GW solar cell and module manufacturing unit in Tirunelveli. The captive plant is expected to generate 101 million units of electricity annually, offsetting approximately 72,000 metric tonnes of CO2 emissions. The commissioning of this solar project is slated to occur within 12 months from the signing of the project development agreement (PDA).

TPREL has created TP Govardhan Creatives, a specialized entity tasked with the development, operation, and maintenance of the Tirunelveli facility for TP Solar. Commercial production of cells and modules at TP Solar's manufacturing plant is projected to commence by FY25. This development will catapult TPREL's total capacity to an impressive 7,877 MW, encompassing 3,720 MW of projects at various stages of implementation and an operational capacity of 4,157 MW, involving 3,154 MW of solar energy and 1,003 MW of wind energy.

With a strategic vision, Tata Power Company is aiming to double its profit and revenue over the next three years, placing a significant emphasis on renewable energy. By FY27, the company has set a substantial capital expenditure target of Rs 60,000 crore, with a dedicated portion allocated for investments in Tamil Nadu. Furthermore, Tata Power is committed to deploying 25,000 chargers within the next five years, contributing to the growth of sustainable and eco-friendly energy solutions.

News by Rahul Yelligetti