Tata Power Company, one of the India's largest power generation companies, today announced crossing the milestone of 500 MW renewable energy capacity with the commissioning of solar plant at Palaswadi, Maharashtra. This is in line with the company's commitment to have a 20-25% contribution in energy generated from 'clean power sources' that includes a mix of hydro, solar, wind, geothermal, and waste gas generation.

With this milestone, Tata Power's total generation installed capacity stands at 8585 MW, with 1170 MW from clean energy sources. Further, the company has aggressive plans to increase its generation capacity from green energy sources alone, based on projects that are already in advance stage of execution, development.

These projects include 25MW AC Solar Plant located at Palaswadi, Maharashtra.32MW wind energy project located at Ambheri, Maharashtra, 126MW and is being implemented in Bhutan by Dagachhu Hydro Power Corporation, 49.5MW wind energy project, Pethshivpur,94.8MW wind power generation project currently under execution in South Africa, 134.4MW wind power generation project in Amakhala Emoyeni, 185 MW hydroelectric projects in Southwest Georgia.

Anil Sardana, managing director, Tata Power said, ''As one of India's largest integrated power company, we at Tata Power are conscious of our role as sustainability stewards and strive to lead the path towards growth with responsibility. Our commitment to this sustainable future has been categorical and consistent. Tata Power is committed to reduce its carbon footprint through “clean and renewable energy” generation and further diversify its energy portfolio to reduce fuel price risk. The Company has aggressive plans of additional generating capacity by 2022 and would target 20-25% contribution from clean and green energy sources.''

Shares of the company gained Rs 2.9, or 2.62%, to trade at Rs 113.70. The total volume of shares traded was 1,155,919 at the BSE (2.28 p.m., Monday).