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Showing posts with the label వెల్‌స్పన్‌ ఎనర్జీ

Tata Power arm signs share purchase agreement to acquire Welspun Renewables Energy

Tata Power's generation capacity to cross 10,000 MW reinforcing its position as India's largest integrated power company Tata Power Renewable Energy’s renewable assets portfolio grows to about 2,300 MW making it the largest renewable power company in India National:  Tata Power Company (Tata Power), India’s largest integrated power company, announced today that, Tata Power Renewable Energy (TPREL), a 100 percent subsidiary of Tata Power, has signed an SPA with Welspun Energy (WEPL) to acquire its subsidiary Welspun Renewables Energy (WREPL). This represents the largest transaction in renewables space in India. WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,140 MW of renewable power projects comprising of about 990 MW solar power projects and about 150 MW of wind power projects. Out of 1,140 MW renewable portfolio, nearly 1,000 MW of capacity is operational and balance capacity is under advanced stages of imple