Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 110-megawatt solar power project in Bikaner, Rajasthan to supply clean energy to the Kerala State Electricity Board.
What Happened? The solar power project in Bikaner adds to TPREL’s renewable energy portfolio, taking its total renewable energy capacity to 6.78 gigawatts amid the country’s gradual transition to green energy.
Tata Power said in a filing that the project will make a significant environmental impact by generating around 211 million units of electricity annually, reducing carbon emissions by around 258,257 metric tonnes each year.
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With this successful installation, TPREL’s installed capacity reaches 4.05 gigawatts, which comprises 3,106 megawatts of solar power and 941 megawatts of wind power. The company also has 2,741 megawatts currently in the works.
Meanwhile, Adani Green said last week that it could now generate over 1 gigawatt from wind energy alone, while the group's overall renewable energy capacity crossed 8.2 gigawatts of power.
Price Action: Shares of Tata Power were trading 1.07% higher at 217.95 in late afternoon trade on Monday.
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