Tata Power Renewable Energy limited, a 100 per cent subsidiary of Tata Power, has completed acquisition of 100 per cent shareholding in Welspun Renewables Energy Private limited and its subsidiaries. This represents the largest transaction in the renewables space in India.
Chetan Tolia has been appointed CEO & Executive Director of WREPl. Tolia was chief human resources officer of Tata Power prior to this appointment.
TPREl currently operates 312 MW of Renewable power capacity and 500 MW of Renewable assets are being carved out of Tata Power into TPREl through a court process.
.