Tata Power Renewables Energy (TPREL), a subsidiary of Tata Power, has commissioned a 300-MW solar plant in Dholera, Gujarat. The company claimed it to be India’s largest single-axis solar tracker system. The project will generate 774 million units annually and reduce around 704,340 MT/year of carbon emission.
The solar park comprises 8,73,012 monocrystalline photovoltaic modules. The total area used for the installation is 1,320 acres divided into six different plots of 220 acres each. Construction of the park started during the Covid-19 pandemic and the company claims that they were able to complete the project before the deadline.
With this additional 300 MW, the total renewables capacity of Tata Power in operation has increased to 3,400 MW. Out of 3,400 MW of energy, 2,468 MW is generated by solar and 932 MW is generated by wind. With 1,620 MW of renewable projects under various stages of implementation, Tata Power’s total renewable capacity will soon reach 5,020 MW.
After the announcement, Shares of Tata Power touched an all-time high of Rs 287.90 per share on Wednesday, surging over by 5.5 per cent on the BSE on an intraday basis. The stock has extended its upward move for the second straight session and has gained over 14 per cent in the two sessions.
In 2021, India added a record 10 Gigawatt (GW) of solar energy to its cumulative installed capacity. This has been the highest 12-month capacity addition, recording nearly a 200% year-on-year growth.