Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity annually, offsetting over 0.25 million tonnes of carbon dioxide emissions each year. A key highlight is its commitment to a four-hour peak power supply window, ensuring at least 90 per cent availability during high-demand hours.The project will also enable Tata Power Mumbai Distribution to meet its Renewable Purchase Obligation (RPO), as mandated by the State Regulatory Commission. Once operational, the clean power generated will feed directly into Tata Power’s Mumbai distribution network, supplying low-emission electricity to over 800,000 residential, commercial, and industrial consumers.The company stated that this initiative further strengthens TPREL’s leadership in India’s renewable energy sector, reinforcing its focus on sustainability and innovation. With this addition, TPREL’s total renewable utility capacity now stands at 11.3 GW, which includes 9.4 GW under PPAs. Of this, 5.7 GW is under implementation, and 5.6 GW is operational—comprising 4.6 GW of solar and 1 GW of wind energy.In addition, TPREL’s solar EPC portfolio exceeds 15.7 GWp of large-scale ground-mounted projects and over 3 GW of rooftop and distributed systems. The company aims to expand green energy access nationwide through integrated renewable solutions.Parent company Tata Power remains India’s largest vertically integrated power utility, engaged in generation, transmission, and distribution. It has set a goal of producing electricity entirely through renewable sources and plans to install 100,000 EV charging stations by 2025.In Q1 FY26, Tata Power reported a 6.2 per cent rise in consolidated net profit to Rs 12.62 billion, alongside a 4.3 per cent growth in revenue from operations to Rs 180.35 billion compared to the same quarter last year. Its stock rose 0.58 per cent, trading at Rs 391 on the BSE.