The hybrid power project is set to be completed within 24 months following the signing of the power purchase agreement between TPREL and MSEDCL. Once operational, the generated electricity will directly supply MSEDCL, contributing to the state's Renewable Purchase Obligation targets and strengthening its renewable energy portfolio.

With this new addition, TPREL's total renewable energy capacity reaches 10.5 GW, including an operational capacity of 4.8 GW. This comprises 3.8 GW from solar and 1 GW from wind energy projects. TPREL also boasts a solar EPC portfolio exceeding 15 GW in ground-mounted utility-scale projects and over 2 GW in rooftop and distributed ground-mounted systems.

Recently, TPREL was recognized as one of the winners in REMC Limited’s auction for supplying 750 MW of round-the-clock power from grid-connected renewable sources for 25 years, with a winning bid of ?4.43 (~$0.053)/kWh for 50 MW.

Earlier this month, the Delhi Electricity Regulatory Commission approved TPREL's request to extend the scheduled commercial operation date for its 510 MW wind-solar hybrid project in Karnataka. Additionally, TP Solar, a subsidiary of TPREL, commenced commercial production at its 2 GW solar cell line in Tirunelveli, Tamil Nadu, aimed at meeting the growing demand for domestically produced solar components. The company also operates a solar manufacturing plant in Bengaluru, with capacities of 530 MW for solar cells and 682 MW for modules.