Tata Power and Black Rock Real Assets led consortium including Mubadala Investment company has entered into a binding agreement to invest Rs 4000 cr in Tata Power Renewables, according to a report.
Black Rock Real Assets will invest the funds by equity and compulsorily convertible instruments for a 10.53% stake in Tata Power Renewables translating to a base equity valuation of Ra 34000 crore. The final shareholding will range from 9.8% to 11.4% on final conversion, Economic Times has reported.
The newly created platform will house all renewable energy businesses of Tata Power including utility scale solar, wind and hybrid generation and construction.
1 September 2026
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Tata Power has a stated plan to phase out coal-based capacity and expand its clean and green capacity to 80% by FY30.
