Tata Power completes acquisition of 30 MW wind farm in Maharashtra 

Tata Power Renewable Energy Ltd (TPREL), a wholly-owned subsidiary of Tata Power, has completed acquisition of 100 per cent shareholding in Indo Rama Renewables Jath Ltd (IRRJL), which is a 100 per cent subsidiary of Indo Rama Renewables Ltd (IRRL).

IRRJL has a 30 MW operating wind farm in Sangli district of Maharashtra.

The wind farm, which has been fully operational since July 2013, has a long-term power purchase agreement with Maharashtra State Electricity Distribution Ltd and is registered under the generation-based incentive scheme of the Ministry of New & Renewable Energy.

Following this acquisition, Tata Power’s total generation capacity becomes 9213 MW and its current operating non-fossil based capacity at 1704 MW. The company has an operating wind capacity of 647 MW across Madhya Pradesh, Maharashtra, Gujarat, Tamil Nadu, Karnataka and Rajasthan.  TPREL has an additional 500 MW of wind and solar capacity under development in Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana, it said in a statement.

Rahul Shah, CEO, TPREL, said, “Tata Power has set an aggressive target of 20,000 MW of total capacity by 2025 and has recently revised the share of non-fossil-based capacity up to 30-40 per cent of its total generation capacity. The acquisition of the 30 MW operational wind farm will enhance and increase its clean energy footprint. We are seeking similar opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to rapidly grow our generation portfolio. "

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