Tata Power Signs PPA with SJVN Limited to Set up 460 MW Renewable Power Project

Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN) for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery energy storage systems to ensure efficient energy dispatch during peak hours, thereby stabilizing the grid. 

Furthermore, the FDRE enables round-the-clock power supply, assisting distribution companies (Discoms) in fulfilling renewable purchase obligations (RPO) and energy storage obligations (ESO). This win marked TPREL's inaugural success in the FDRE tender, highlighting its commitment to developing renewable power projects in India.

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Commenting on the partnership, Mr. Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, “This partnership with SJVN Limited will witness the deployment of best-in-class sustainable energy solutions from TPREL. It will go a long way toward meeting the green energy objectives of SJVN Limited. By integrating diverse renewable energy sources and leveraging the importance of firm and dispatchable renewable energy (FDRE), the collaboration will ensure a dependable power supply and also actively contribute to India's ambitious renewable energy targets.” 

Pawan Varma, Executive Director (REIA & RTS) at SJVN Limited, said, "We are excited to collaborate with Tata Power Renewable Energy Limited in this endeavour to promote renewable energy in India. Through this partnership, we aim to leverage our combined expertise to drive innovation and support the nation's transition towards clean energy."

The plant is anticipated to generate approximately 3,000 MUs of power while offsetting around 2 tonnes of CO2 emissions annually. In addition, the total renewable capacity of TPREL has reached 9,421 MW (the PPA capacity is 7,978 MW), including 4,906 MW of renewable power projects across India under various stages of implementation. The company’s operational capacity stands at 4,515 MW, which includes 3,485 MW of solar and 1,030 MW of wind.

What is a Firm and Dispatchable Renewable Energy Project?

A Firm and Dispatchable Renewable Energy (FDRE) project is a type of renewable energy initiative that integrates various renewable energy sources, such as solar and wind, along with battery storage technologies. The goal of an FDRE project is to ensure efficient energy dispatch during peak hours, thereby enhancing grid stability.

The term “firm and dispatchable” refers to the project’s ability to provide a stable and continuous power supply. By integrating renewable energy storage systems, it is possible to convert variable renewable energy into FDRE. This round-the-clock power supply aids distribution companies (Discoms) in meeting their Renewable Purchase Obligations (RPO) and Energy Storage Obligations (ESO).

Read: Adani Green Secures $400 Million From International Banks For 750 MW Renewable Power Projects

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