Daily News Wrap-Up: MSEDCL Awards 400 MW Wind-Solar Project to Tata Power
NTPC Green files a DRHP to raise $1.19 billion through an IPO
September 20, 2024
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Tata Power Renewable Energy (TPREL) has won a contract to develop a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL). This project marks TPREL’s largest renewable energy venture in Maharashtra to date. The project awarded to TPREL includes an original contracted capacity of 200 MW and a greenshoe option for an additional 200 MW capacity. This hybrid power project is expected to be completed within 24 months of signing the power purchase agreement between TPREL and MSEDCL. The electricity generated by the hybrid project will be supplied to MSEDCL. The project will contribute to Maharashtra’s Renewable Purchase Obligation targets and enhance the state’s renewable energy portfolio.