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Tata Power Inks Rs 70,000cr MoU for Hybrid RE Projects

Tata Power Renewable Energy (TPREL) has signed a Rs 70,000 crore memorandum of understanding (MoU) with the Gujarat government to establish a 10,000 MW of hybrid renewable energy (RE) projects in the state.

 

The projects will come up at Dholera in Ahmedabad, Khavda in Kutch and Banaskantha. The proposed investments for solar, wind and other hybrid projects are spread over a period of five years starting from 2024-25. This is the biggest MoU signed by a private entity in the renewable energy sector during the second day of 10th Vibrant Gujarat summit.

 

The 10,000 MW RE power projects comprise solar, wind, hybrid, round-the-clock (RTC), peak, and firm and dispatchable renewable energy (FDRE), covering an extensive 50,000-acre of encumbrance-free government land.

 

Further, this proposed investment by TPREL is part of the Rs 1.5-lakh crore worth of MoUs for the renewable sector. The project aims to generate employment for 3,000 people.

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