Tata Power, Noida International Airport sign Rs 550 crore deal for renewable energy

Tata Power has entered into a 25-year long strategic partnership with Noida International Airport (NIA) for renewable energy integration, the company announced in a press release on Thursday. The partnership will see a total investment of Rs 550 crore in solar and wind power supply, as well as the development of essential dry utilities and smart energy infrastructure.

Under the deal, Tata Power Trading Company Ltd. will supply 10.8 MW of wind power to NIA, with secured assets from Tata Power Renewable Energy Ltd. (TPREL). In addition, TPREL will develop, operate, and maintain a 13 MW onsite solar power capacity.

"Tata Power is proud to partner with the Noida International Airport, to pioneer renewable energy integration. As the nation enhances its aviation infrastructure, we are leading the charge by providing innovative clean energy solutions. This collaboration will support development of Net Zero Airports, catering to millions of Indians, accelerating the country's path towards a greener future," said Dr. Praveer Sinha, CEO& MD, Tata Power.


TPTCL is expected to be leading the joint effort - managing the complete renewable energy portfolio interface as well as ensuring NIA’s clean energy needs are met through a comprehensive Power Purchase Agreement. The company signed two PPAs with NIA in relation to wind and solar power supply.

"Partnering with Tata Power represents a major step forward in our sustainability journey. By sourcing more than half of our energy needs from renewable sources, we are taking decisive action towards a more sustainable future. This agreement reflects our long-term vision for Noida International Airport to become a leader in environmentally conscious airport operations," noted Christoph Schnellmann, CEO, Noida International Airport.

Noida's new international airport is preparing to launch its commercial operations on April 17, 2024, with about 30 flights expected to take off for both domestic and international destinations. The first phase of operations will see 25 flights connecting major domestic cities and three flights serving international destinations. Additionally, two flights will focus on cargo services, a TOI report had stated.