Mumbai, India – Shares of Tata Power Company Ltd. saw gains on Monday following a strong performance report from its renewable energy subsidiary, Tata Power Renewable Energy Ltd. (TPREL). The subsidiary announced an impressive over 130% year-on-year growth in utility-scale project execution during the second quarter of the financial year 2027 (Q2 FY27).
Significant Capacity Additions in Q2 FY27
TPREL successfully commissioned 419 MW of new capacity in Q2 FY27, alongside 131.2 MWh of battery storage projects. This represents a substantial increase compared to the 182 MW of utility-scale capacity commissioned in the corresponding quarter of the previous fiscal year.
The renewable energy arm's robust execution momentum was supported by projects spanning solar, wind, and battery energy storage technologies. For the first half of FY27, TPREL's total utility-scale execution reached 645 MW, complemented by 161.2 MWh of battery storage projects.
Expanding Operational Portfolio
Tata Power reported that its utility-scale operational portfolio has now expanded to 7.2 GW. This comprises 5.8 GW of solar energy, 1.3 GW of wind energy, and 281.2 MWh of battery storage capacity, underscoring the company’s growing footprint in India’s clean energy sector.
Future Growth Projections for TPREL
Looking ahead, TPREL anticipates further significant capacity additions. The company expects to execute more than 2 GW of projects in the second half of FY27. This includes plans for 1,075 MW of solar, 969 MW of wind, and 274 MWh of battery energy storage projects.
By the end of FY27, TPREL projects its total executed capacity to approach 9.3 GW, encompassing 6,899 MW of solar, 2,298 MW of wind, and 555.2 MWh of battery storage. Further expansion is planned for FY28, with an additional 2.6 GW expected to be completed, boosting TPREL's overall operational capacity to approximately 12 GW.
The company attributes this consistent execution momentum to its strategic focus on quality, safety, and operational excellence, supported by its strong supply chain, project partners, and robust project management capabilities. Tata Power emphasized that its expanding renewable energy portfolio plays a crucial role in supporting India's transition towards clean energy and enhancing national energy security.