Tata Power Company’s wholly owned subsidiary - Tata Power Renewable Energy (TPREL) has completed the acquisition of 100 percent shareholding in Welspun Renewables Energy (WREPL) and its subsidiaries. This represents the largest transaction in the renewable space in India.
WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of renewable projects comprising about 990 MW solar power projects and about 150 MW of wind power. Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.
Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
