Tata Power mulls over injecting $90m in renewables arm

 As it eyes expanding its 320MW solar assets.

Dealstreet Asia reported that Tata Power Co. Ltd plans to invest around $90m (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline of 320 megawatts (MW) of solar assets, two people aware of the development said.

TPREL currently owns around 2 gigawatts (GW) of solar and wind assets, including the assets that it acquired from Welspun Energy. In all, Tata Power owns over 3GW of green assets, including its hydropower assets.

View the full article here.