Tata Power Renewable Energy (TPREL), a Tata Power subsidiary and one of the country’s major renewable energy players, signed a Power Purchase Agreement (PPA) with Tata Power Delhi Distribution (Tata Power-DDL) for a 510 MW hybrid project. The project will save Tata PowerDDL, a joint venture between Tata Power and the Government of Delhi that provides electricity to over 7 million people in North Delhi, an average of 1540 MUs of CO2 emissions per year. The PPA includes a capacity split of 170 MW solar and 340 MW wind power. It is one of the largest hybrid projects in the country and will be completed within 24 months of the PPA execution date.
TPREL was awarded this project after a competitive bidding process, which was followed by the release of the LOA by Tata Power-DDL. This award extends an earlier LOA of 255 MW received in December 2022. TPREL was awarded this project after a competitive bidding process, which was followed by the release of the LOA by Tata Power-DDL. This award extends an earlier LOA of 255 MW received in December 2022.