Tata Power on hunt for wind, solar

Tata has further ambitions to own Indian wind farms

Tata has further ambitions to own Indian wind farms

India’s Tata Power has agreed to buy a 39MW wind farm in Gujarat and signalled that it is on the hunt for further acquisitions to help it meet its renewable energy targets.

Tata Power Renewable Energy will acquire the wind farm near Dwarka from a local subsidiary of US group AES.

The wind farm has a power supply deal with utility GUVNL, and is registered under India’s generation-based incentive scheme and the UN’s CDM.

The deal – which is expected to be finalised in the next few months – will bring Tata Power’s wind base to 437MW out of a total generation capacity of 8.6GW.

Tata Power – part of the giant Tata conglomerate – wants to eventually see 20%-25% of its capacity made Log in to read complete article.

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