Tata Power Renewable Energy Valuation, Funding & Investors

Tata Power Renewable Energy is valued at $4.5B as of April 2022.

Last Tata Power Renewable Energy valuation

$4.5B

Undisclosed stage · Apr 2022

Last Tata Power Renewable Energy funding round

$525M

Undisclosed stage · Apr 2022

Cumulative funding Tata Power Renewable Energy raised

$525M

across 1 funding round

Key investors in Tata Power Renewable Energy

Tata Power Renewable Energy Overview

About Tata Power Renewable Energy

Tata Power Renewable Energy is a developer and operator of solar, wind, and hybrid power projects. Controlling over 4 GW operational capacity, the Mumbai-based subsidiary manages assets in Gujarat, Karnataka, Rajasthan, and Maharashtra. It supplies clean energy to utilities and corporates under long-term power purchase agreements.


Founded

1911

HQ

IndiaMumbai

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$4.5B (Apr 2022)

Tata Power Renewable Energy Valuation

Tata Power Renewable Energy is currently valued at $4.5B, based on its undisclosed-stage round in April 2022. Read the announcement ↗

The $525M round was led by BlackRock, with participation from Mubadala.

Tata Power Renewable Energy valuation by funding round

Tata Power Renewable Energy valuation by funding round
DateStageValuation
Apr 2022Undisclosed stage$4.5B

Tata Power Renewable Energy Funding History

Tata Power Renewable Energy has raised a total of $525M across 1 funding round.

Tata Power Renewable Energy funding rounds

Tata Power Renewable Energy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Undisclosed stageBlackRock (lead); Mubadala$525M$4.5BA consortium led by BlackRock Real Assets and Mubadala agreed in April 2022 to invest USD 525 million in Tata Power Renewable Energy, the renewables subsidiary of India's Tata Power. The investment, made through equity or compulsorily convertible instruments, buys a stake of 10.53 percent at a base equity valuation of USD 4.46 billion, with the final holding ranging with conversion. The first tranche was expected by June 2022 and the balance by the end of 2022, and the consortium receives a seat on the company's board. The funds are meant to support the build-out of three to four gigawatts of capacity over two years. Tata Power Renewable Energy held about 4.9 GW of renewable capacity at the time and targeted more than 20 GW over five years, spanning utility-scale projects, rooftop solar, solar farms and electric vehicle charging. The company is headquartered in Mumbai.

Who has invested in Tata Power Renewable Energy?

2 investors have backed Tata Power Renewable Energy across its funding rounds, including BlackRock and Mubadala.

Lead investors include BlackRock.


Tata Power Renewable Energy Investors

Investors in Tata Power Renewable Energy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Tata Power Renewable Energy

Tata Power Renewable Energy has acquired 1 company to date.

Last acquisition by Tata Power Renewable Energy was on June 13th 2016. Tata Power Renewable Energy acquired Welspun Renewables Energy for $1.4B.


Latest Acquisitions by Tata Power Renewable Energy

Welspun Renewables Energy
Description
Welspun Renewables Energy is an Indian firm generating power from solar and wind farms. Its projects supply electricity to state grids under long-term PPAs. Headquartered in Mumbai, it manages assets in multiple states focusing on utility-scale developments.
HQ CountryIndia
HQ City
Mumbai
Deal Date13 Jun 2016
Valuation$1.4B
EV/Revenue
EV/EBITDA

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Tata Power Renewable Energy Competitors

Tata Power Renewable Energy competitors include listed companies like J-Power, Nebras Energy, Hubei Energy and Algonquin Power & Utilities, and private ones like Farasis Energy and Fuse Energy.

Public and private companies comparable to Tata Power Renewable Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
J-PowerJapanJapanPublicly listed$7.5B$1.5B$4.4B1.8x
Nebras EnergyQatarQatarPublicly listed$819M$528M$4.4B6.8x
Hubei EnergyChinaChinaPublicly listed$2.6B$1.2B$4.6B4.1x
Algonquin Power & UtilitiesCanadaCanadaPublicly listed$2.4B$882M$4.3B4.4x
Farasis EnergyChinaGanzhouPrivate--$4.2B-
Fuse EnergyUnited KingdomLondonPrivate$550M-$5B9.1x

Tata Power Renewable Energy Public Comps

Tata Power Renewable Energy is still privately-owned, but its public comps include J-Power, Nebras Energy, Hubei Energy, Algonquin Power & Utilities, Premier Energies, AIKO Solar, Northland Power, Tokyo Electric Power, TransAlta and Enel Generacion Chile.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
J-Power$7.5B$1.5B2.0x1.8x9.7x10.0x
Nebras Energy$819M$528M7.1x6.8x11.1x18.9x
Hubei Energy$2.6B$1.2B4.3x4.1x9.3x11.1x
Algonquin Power & Utilities$2.4B$882M4.7x4.4x12.9x10.8x
Premier Energies$829M$263M5.5x3.9x17.3x13.6x
AIKO Solar$2.3B$37M2.6x2.1x162.2x19.8x
Northland Power$1.7B$587M5.1x4.8x15.0x8.5x
Tokyo Electric Power$40B$517M1.0x1.0x79.4x-

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Common questions about Tata Power Renewable Energy

When was Tata Power Renewable Energy founded?Tata Power Renewable Energy was founded in 1911.
Where is Tata Power Renewable Energy headquartered?Tata Power Renewable Energy is headquartered in Mumbai, India.
Is Tata Power Renewable Energy publicly listed?No, Tata Power Renewable Energy is a private, VC-backed company.
What is Tata Power Renewable Energy's valuation?Tata Power Renewable Energy was last valued at $4.5B in its undisclosed-stage round in April 2022.
How much funding has Tata Power Renewable Energy raised?Tata Power Renewable Energy has raised $525M across 1 funding round.
What was Tata Power Renewable Energy's last funding round?Tata Power Renewable Energy's last funding round was a $525M undisclosed-stage round in April 2022, led by BlackRock.
Who are Tata Power Renewable Energy's investors?Tata Power Renewable Energy's investors include BlackRock and Mubadala.
Which companies are comparable to Tata Power Renewable Energy?Companies comparable to Tata Power Renewable Energy include J-Power, Nebras Energy, Hubei Energy, Algonquin Power & Utilities, Farasis Energy and Fuse Energy.
How many companies has Tata Power Renewable Energy acquired?Tata Power Renewable Energy has acquired 1 company, including Welspun Renewables Energy.
What was the largest acquisition by Tata Power Renewable Energy?The $1.4B acquisition of Welspun Renewables Energy in June 2016 is the largest acquisition Tata Power Renewable Energy has made to date.

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