It is expected to generate more than 630 million units of clean electricity annually for corporate customers in the state, FPEL said in a statement on Friday
Fourth Partner Energy Ltd. (FPEL) has secured ₹750 crore in financing from Tata Capital Cleantech Finance (TCCL) to develop a hybrid renewable energy project in Maharashtra combining solar, wind and battery storage, as developers increasingly turn to energy storage to provide more predictable clean power to corporate consumers.
The project comprises 300 megawatts-peak (MWp) of solar capacity, 50 MW of wind power and a Battery Energy Storage System (BESS) with a capacity of 750 megawatt-hours (MWh).
It is expected to generate more than 630 million units of clean electricity annually for corporate customers in the state, FPEL said in a statement on Friday.
The company has received an initial disbursement of nearly ₹375 crore against the total financing sanction of ₹750 crore, said Pradhyum Reddy, FPEL's head of corporate finance and renewable capital.