Tata Power subsidiary wins 966 MW hybrid project for Tata Steel

Tata Power Renewable Energy, a subsidiary of Tata Power, has been awarded a contract to establish a round-the-clock hybrid renewable power project with a capacity of 966 MW for Tata Steel. The project will comprise a combination of solar and wind power, with 379 MW allocated to solar and 587 MW to wind, according to a statement from the company. Tata Steel, recognised as one of the world's most geographically diversified steel producers, boasts an annual crude steel production capacity of 35 million tonnes per annum (MnTPA). The implementation of this project will significantly contribute to fulfilling a substantial portion of Tata Steel's green energy requirements in India, resulting in an annual reduction of 2,389,160 tonnes of CO2 emissions. Tata Steel will invest 26 percent equity in the project, which is scheduled to be commissioned by June 1, 2025, in accordance with the agreed-upon timeline. Praveer Sinha, CEO & MD of Tata Power, expressed in the statement, The 966 MW RTC (round the clock) hybrid renewable power project represents a significant milestone in our collective endeavors to accelerate the adoption of clean and sustainable energy in order to achieve the net-zero target. T V Narendran, CEO & MD of Tata Steel, further added, This agreement aligns with our vision for sustainability and will contribute to the reduction of carbon emissions associated with our operations. We firmly believe that renewable energy is the future, and this partnership enables us to take a step closer to achieving our net-zero target by 2045. Following the addition of this project, Tata Power Renewable Energy's total renewables capacity has now reached 7,756 MW, with an installed capacity of 4,059 MW (including 3,107 MW of solar and 952 MW of wind), along with an additional 3,697 MW under various stages of implementation.