A spokesperson from the company said, "Tata Power Renewable Energy Limited ( TPREL), a 100% subsidiary of Tata Power, on Tuesday signed a SPA for acquisition of 100% shareholding in AES Saurashtra Windfarms Pvt Ltd (ASW)." The ASW owns and operates a 39.2 MW wind farm near Dwarka in Jamnagar district of Gujarat.

The project, which is fully operational since January 2012, has executed a power purchase agreement with GUVNL for sale of the electricity at a tariff of Rs 3.56 per unit for the duration of the project. With this acquisition, Tata Power's total generation capacity will increase to 8560 MW and its wind operational generation capacity to 437 MW.

Speaking on achieving this milestone, Tata Power managing director Anil Sardana said : "Tata Power is committed to generating 20-25 % of its total generation capacity from clean energy sources and is proud to have signed this SPA to acquire 39.2 MW operational wind farm. The project is a clean energy project, which will enhance and increase company's clean energy footprint. This is our second acquisition of an operating wind asset and we are in constant look out for similar opportunities in respect of wind and solar plants."

Tata Power currently has four of its renewable projects registered under the Clean Development Mechanism (CDM) program by United Nations Framework Convention on Climate Change (UNFCCC). These projects include 50.4 MW Wind project at Gadag, 50.4 MW Wind project at Khandke and 50.4 MW Wind project at Samana in Maharashtra. The fourth project is the 25 MW Solar project at Mithapur, Gujarat