Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before.
This was achieved partly due to an acquisition.
During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had 1,140 MW of renewable energy capacity.
It said the company generated 1.44 billion units of electricity that from renewable energy sources in the year compared to 329 million units in FY16.
For India as a whole, the rise is about 75% for solar and about 51% for wind. During the year, the total solar energy production in India is estimated at about 13 bln units — or about 1% of India’s total production of around 1,280 bln units for the country as a whole. Read More…
Credit By: Ultra News
Latest posts by Ultra News (see all)
- Yes Bank Lends Rs 750 Cr To Mahindra Group For Rewa Solar Plant - March 16, 2018
- L&T, BHEL Tapped To Roll Out India’s Indigenous Nuclear Power Program - March 12, 2018
- Dilip Buildcon Awarded NH Projects Worth Rs 1,050 Cr In UP, Karnataka - February 28, 2018