Tata Power Renewable Energy to set up 26 MW captive solar plant for Neosym

The Tata Power Company Ltd. subsidiary Tata Power Renewable Energy Limited (TPREL) announced the signing of a Power Delivery Agreement (PDA) with Neosym Industry Ltd. (Neosym). It added, the arrangement is for a captive solar facility with an AC group capacity of 26 MW. The project, which will begin operations in March 2024 and be located in Jamkhed, Ahmednagar in Maharashtra, is expected to have an annual energy generation capacity of 59 million units. 

An annual reduction in CO2 emissions of about 32,500 tonnes is anticipated from the proposed plant. TPREL stated in a regulatory filing that "this significant reduction in greenhouse gas emissions aligns with India's commitment to combat climate change and underscores TPREL and Neosym's joint commitment to environmental stewardship." 

“This partnership with Neosym marks a significant milestone in our relentless pursuit of providing clean and sustainable energy solutions to our C&I consumers. The Jamkhed project is a step towards enhancing renewable energy capacity and reducing carbon emissions in the country,” said Ashish Khanna, CEO, Tata Power Renewable Energy Limited.

“Our partnership with Tata Power Renewable Energy Limited indicates a ground-breaking association in our unwavering journey towards clean and sustainable energy solutions. Our project serves as an authentication of our dedication to diminish our carbon footprint and actively contribute to India’s green energy revolution,” said Vinay Mohta GM Commercial, Neosym Industry Ltd.

Source: Media Reports