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Tata Power’s non-fossil operating capacity climbs to 3,060 megwatt

Source Name: 
The Economic Times
Source Url: 
http://economictimes.indiatimes.com/industry/energy/power/tata-powers-non-fossil-operating-capacity-climbs-to-3060mw/articleshow/56625437.cms

Tata Power Company has added 1,346 mw of non-fossil based electricity generation capacity in 2016-17 so far, taking its green energy portfolio to 3,060 mw, the Tata group utility said Tuesday. 

“Taking a step further towards building a greener portfolio last year, the Company revised its share of non-fossil fuel based capacity up to 35-40% by 2025,” Tata Power said. 

The company’s non-fossil fuel portfolio includes 693 mw of hydropower, 918 mw solar power, 1,074 wind energy, and 375 mw of waste gas based generation. The company is in the process of implementing nearly 500 mw of renewable power projects at various locations. 

“This is one of the many key milestones in our endeavour to generate 35-40% of Tata Power's total generation capacity from clean energy sources. This mammoth leap is well in line with our aim to enhance and increase our non-fossil fuel capacity, and maintaining our value of sustainable growth,” said Anil Sardana, chief executive officer and managing director. 

In FY16, Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power, completed the acquisition of Welspun Renewables Energy, which made it the largest renewable energy company in the country.

Author: sustainabilityoutlook