"It has about 1,140 mega watt (MW) of renewable power projects comprising about 990 MW solar power projects and about 150 MW of wind power projects," it added. Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power, has signed a share purchase agreement on Sunday night to acquire Welspun Energy's subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL), the company notified BSE. "TPREL, a 100% subsidiary of Tata Power, has signed an SPA with Welspun Energy to acquire its subsidiary WREPL," it added. TPREL currently operates 294 MW of renewable power capacity and 500 MW of renewable assets are being carved out of Tata Power into TPREL through a court process. Thus, TPREL with all these assets, would have renewable assets portfolio of about 2,300 MW making it the largest renewable power company in India, Tata Power has claimed.

Source: dna June 13, 2016 05:03 UTC