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Tata Power Renewable Energy Ltd will invest ₹49,000 crore in Andhra Pradesh’s green energy sector, targeting 7GW of solar, wind, and hybrid projects. The initiative aligns with the state’s Integrated Clean Energy Policy, aiming for 160GW of renewable capacity. Tata Power share price closed at ₹351.30.
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth ₹49,000 crore. This initiative will focus on installing 7,000MW (7GW) of solar, wind, and hybrid power projects, contributing significantly to the state’s clean energy goals.
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Investment Amount: ₹49,000 crore
Project Capacity: 7,000MW (7GW) of solar, wind, and hybrid energy
Policy Framework: Andhra Pradesh’s Integrated Clean Energy (ICE) Policy
State’s Target: 160GW renewable capacity with ₹10 lakh crore investment
Tata Power Share Price: Closed at ₹351.30, down by 0.76% on BSE
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Andhra Pradesh’s Integrated Clean Energy (ICE) Policy provides a roadmap for large-scale renewable energy development. With a state-level goal of 160GW renewable capacity, the partnership between TPREL and the government aims to accelerate the transition towards sustainable energy solutions. These projects will not only support India’s green energy targets but also generate employment, enhance skill development, and contribute to the socio-economic growth of the region.
The collaboration will involve feasibility studies, site identification, and development activities supported by the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP). These steps will ensure efficient implementation and seamless integration of the proposed renewable energy projects.
Parameter | Details |
Investment Amount | ₹49,000 crore |
Project Capacity | 7GW (solar, wind, hybrid) |
Policy Framework | Integrated Clean Energy (ICE) Policy |
Andhra Pradesh’s Renewable Goal | 160GW with ₹10 lakh crore investment |
Tata Power Share Price | ₹351.30 (-0.76%) |
Tata Power share price closed at ₹351.30 on the BSE, reflecting a 0.76% decline amid the announcement. While the stock saw a marginal dip, the long-term impact of this investment could boost investor sentiment as the company expands its renewable energy footprint.
Tata Power Renewable Energy Ltd’s investment in Andhra Pradesh marks a major step in India’s renewable energy transition. The ₹49,000 crore project will not only enhance clean energy generation but also position Andhra Pradesh as a leader in sustainable development. With strong policy backing and strategic planning, the initiative is set to play a key role in the future of India’s energy sector.
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