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Tata Passenger Electric Mobility, Tata Power Renewable Energy join forces for zero-emissions mobility

India, News

Tata Passenger Electric Mobility Ltd. (TPEML) and Tata Power Renewable Energy Ltd. (TPREL) have partnered to drive zero-emissions mobility in India by integrating electric vehicles (EVs) with solar rooftop systems. This collaboration enables TPEML customers to install solar rooftops through TPREL, promoting both EVs and solar solutions to their respective customer bases. Combining EVs with solar rooftops reduces the total cost of ownership, lowers electricity bills, accelerates payback periods for solar owners, and provides 100%…

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Tata Power to invest Rs 5.5 billion in renewable energy for Noida Airport

India, News

Tata Power has committed Rs 5.5 billion towards establishing solar and wind power capacities to supply clean energy to Noida International Airport (NIA) in Uttar Pradesh.  The company has signed two power purchase agreements with NIA, supporting the airport’s sustainable energy infrastructure. Through its subsidiary, Tata Power Trading Company (TPTCL), Tata Power will provide 10.8 MW of wind energy, while Tata Power Renewable Energy (TPREL) will develop, operate, and maintain a 13 MW onsite solar…

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Tata Power and Druk Green to develop 5,000 MW clean energy in Bhutan

India, News

Tata Power Company Ltd and Druk Green Power Corporation Ltd (DGPC) have entered into a partnership to develop at least 5,000 MW of renewable energy capacity in Bhutan.  This collaboration, supported by the Royal Government of Bhutan and the Government of India, marks the largest clean energy partnership between the two nations and aims to strengthen regional energy security and accelerate the clean energy transition. The agreement, signed in Thimphu in the presence of Bhutan’s…

Power Sector News Roundup for November 14, 2024

Power Bytes

Global: NSW approves A$4.8bn Humelink transmission project Ramboll completes acquisition of K2 Management Capital Dynamics secures £48.5m funding for Scottish onshore wind projects Oklo signs LOIs with data centres to supply 750MW of low-carbon power Bureau Veritas acquires Versatec Energy to expand energy sector services Six nations join pledge to triple nuclear power by 2050 at COP29 rPlus Energies secures PPA with Idaho Power for 125MW Pleasant Valley Solar 2 project Orlen Group secures EIB…

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Tata Power commissions 126 MW floating solar project in Madhya Pradesh

India, News

Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh.  The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL).  Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s renewable energy sector. With this…

Power Sector News Roundup for November 8, 2024

Power Bytes

Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

Power Sector News Roundup for November 6, 2024

Power Bytes

Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

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Tata Power’s board approves Rs 56.66 bn to set up 1,000 MW PSP

India, News

Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra.  The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity.  This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation of industries that are challenging…

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Tata Power partners with IndusInd Bank to finance solar installations for MSEs

India, News

Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million.  This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…

Power Sector News Roundup for October 21, 2024

Power Bytes

Global: Top European Union economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen Energy reports Neart na Gaoithe offshore wind farm generates first power for UK grid Hellenic Cables secures contract for Leading Light Wind project in the US deveritec GmbH and Wirepas launch new NIC for Wirepas 5G Mesh in Europe Lhyfe partners with KEYOU for hydrogen mobility in…