Tata Power Renewables’ Q2 execution jumps 130% to 419 MW; targets over 2 GW in H2

Tata Power Renewable Energy Limited (TPREL) recorded a more than 130% year-on-year increase in utility-scale project execution in the September quarter of FY27, commissioning 419 MW of capacity against 182 MW in the corresponding quarter last fiscal.

The company also executed 131.2 megawatt-hours (MWh) of battery storage projects during Q2 FY27, including 101.2 MWh for its own portfolio and 30 MWh for third-party customers, according to a press release dated October 12.

For the first half of FY27, TPREL’s utility-scale project execution stood at 645 MW, while battery storage execution reached 161.2 MWh. Of the storage capacity executed during the six-month period, 101.2 MWh was for the company’s own portfolio and 60 MWh was delivered to third-party customers.

Over 2 GW of projects planned for H2

TPREL expects to execute more than 2 GW of projects in the second half of FY27. The planned execution comprises 1,075 MW of solar capacity, 969 MW of wind capacity and 274 MWh of battery energy storage systems (BESS). The company also expects to execute 300 MW of third-party projects during the period.

By the end of FY27, the company expects project execution to reach close to 9.3 GW, comprising 6,899 MW of solar, 2,298 MW of wind and 555.2 MWh of battery storage capacity, the release said.

In FY28, TPREL plans to complete the remaining projects of around 2.6 GW, including 570 MW of solar, 1,700 MW of wind and 350 MWh of battery storage. The additions are expected to take its overall operational capacity to around 12 GW.

Operational portfolio reaches 7.2 GW

TPREL’s utility-scale operational portfolio has reached 7.2 GW, comprising 5.8 GW of solar and 1.3 GW of wind capacity, alongside 281.2 MWh of battery storage capacity.

During the first half of FY27, the company commissioned several projects, including the 100.8 MW Jewali Wind Project, the Kalasar firm and dispatchable renewable energy (FDRE) project comprising 227.5 MW of solar capacity and a 101.2 MWh battery energy storage system, the 100 MW Kayathar Group Captive Project and the 72.5 MW Tata Steel Captive Project.

TPREL is a subsidiary of Tata Power, which has an overall operational and under-construction capacity of more than 26 GW, including approximately 17.7 GW of clean and green energy capacity, including projects under construction, and around 8.8 GW of thermal generation capacity.

Shares of Tata Power rose nearly 1% on Monday to hit an intraday high of ₹345.50 apiece on the NSE. However, the stock has declined over 11% in the past year, underperforming the Nifty Next 50 index, which has fallen around 0.5% over the same period.