Tata Power Renewable Energy (TPREL), a subsidiary of Indian power giant Tata Power, has signed power purchase agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India.
India’s largest renewables company Tata Power Renewable Energy (TPREL) has installed a 15MW solar plant in the state of Telangana, while its parent company Tata Power has crossed 10.5GW of installed power capacity.
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian firm Tata Power, has commissioned a 49MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL).
Indian power giants Tata Power Renewable Energy and Adani have put in the lowest ever bids for solar capacity under Indian’s Domestic Content Requirment (DCR) rules, going below five rupees per unit (US$0.075/kWh) for the first time.
Indian energy firm Tata Power has completed its acquisition of Welspun Renewables Energy Private Limited (WREPL) and appointed Chetan Tolia as chief executive and executive director of WREPL, according to a Tata statement.
Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.