Tata Power Company’s subsidiary--Tata Power Renewable Energy (TPREL) has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities in the development of renewable energy projects in the state.
Under this strategic agreement, TPREL and the Government of Andhra Pradesh will jointly explore Renewable Energy (RE) development opportunities of up to 7,000 MW (7 GW), including Solar, Wind, and Hybrid projects with or without storage solutions. The estimated investment in these projects stands at approximately upto Rs 49,000 crore, making it one of the largest renewable energy investments in the state.
This partnership aligns with the State’s vision to enhance its renewable energy portfolio and accelerate the transition towards a sustainable and green energy future. Additionally, beyond contributing to Andhra Pradesh’s clean energy targets, this MoU will provide a boost to the local economy, foster skill development and support livelihoods, ultimately contributing to the socio-economic growth of the state.
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