TPREL’s subsidiary receives LOA to set up 966 MW RTC hybrid renewable power project for Tata Steel

Tata Power Renewable Energy Limited (TPREL) through its subsidiary, TP Vardhaman Surya Limited, has received letter of award (LOA) to set up 966 MW round-the-clock (RTC) hybrid renewable power for Tata Steel.

The project has the hybrid renewable capacity of 379 MW solar and 587 MW wind power. This project will fulfil a significant part of Tata Steel’s green energy requirements in India, saving 2,389,160 tonnes of CO2 emissions annually. Tata Steel, will invest 26 per cent equity in the said project, which is expected to be commissioned by June 1, 2025. With this win, the total renewables capacity of TPREL has reached 7,756 MW, with an installed capacity of 4,059 MW and 3,697 MW under various stages of implementation. This is one of the biggest industrial RTC power purchase agreements under group captive segment in the country.