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- Tata Power Renewable Energy
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
BlackRock
Mubadala
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$4.5B (Apr 2022)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Undisclosed stage | BlackRock (lead); Mubadala | $525M | $4.5B | A 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Mumbai |
| Deal Date | 13 Jun 2016 |
| Valuation | $1.4B |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Tata Power Renewable Energy acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.5B | $1.5B | $4.4B | 1.8x | ||
| Publicly listed | $819M | $528M | $4.4B | 6.8x | ||
| Publicly listed | $2.6B | $1.2B | $4.6B | 4.1x | ||
| Publicly listed | $2.4B | $882M | $4.3B | 4.4x | ||
| Private | - | - | $4.2B | - | ||
| Private | $550M | - | $5B | 9.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.5B | $1.5B | 2.0x | 1.8x | 9.7x | 10.0x | |||
| $819M | $528M | 7.1x | 6.8x | 11.1x | 18.9x | |||
| $2.6B | $1.2B | 4.3x | 4.1x | 9.3x | 11.1x | |||
| $2.4B | $882M | 4.7x | 4.4x | 12.9x | 10.8x | |||
| $829M | $263M | 5.5x | 3.9x | 17.3x | 13.6x | |||
| $2.3B | $37M | 2.6x | 2.1x | 162.2x | 19.8x | |||
| $1.7B | $587M | 5.1x | 4.8x | 15.0x | 8.5x | |||
| $40B | $517M | 1.0x | 1.0x | 79.4x | - | |||
This data is available for Pro users. Sign up to see all Tata Power Renewable Energy competitors and their valuation data. Start Free Trial | ||||||||
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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