Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution to develop an 80 megawatt (MW) Firm and Dispatchable Renewable Energy (FDRE) project at a capital investment of Rs 12 billion.

An FDRE project combines advanced solar, wind, and battery storage systems to ensure reliable power delivery during peak demand hours, thereby enhancing grid stability and supporting Mumbai’s growing energy needs.

According to an exchange filing by Tata Power, the parent company of TPREL, the project execution period is 24 months. The company estimates that the project will generate about 315 million units (MUs) of renewable electricity annually, helping to offset over 0.25 million tonnes of carbon dioxide emissions every year.

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