Tata Power acquires Welspun’s renewable energy assets

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Tata Power Company has announced that Tata Power Renewable Energy Ltd (TPREL), a fully owned subsidiary of Tata Power, has acquired 1,140 MW solar and wind power assets of Welspun Energy Pvt Ltd.Size of the deal has not been disclosed by either of the companies.TPREL has signed a share purchase agreement with Welspun Energy to acquire its subsidiary Welspun Renewables Energy Pvt Ltd (WREPL).WREPL is present in renewable power business across ten states comprising about 990 MW solar power projects and 150 MW wind power projects. Out of 1,140 MW renewable portfolio, nearly 1,000 MW of capacity is operational and the balance capacity is in advanced stages of implementation, Tata Power said in a press statement.

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