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Tata Power Renewable signs a 9MWp solar agreement with the Pantnagar facility of Tata Motors

Aug 22, 2023

By: BlinkX Research Team

A power purchase agreement (PPA) for a 9MWp on-campus solar project with Tata Motors' Pantnagar facility in Uttarakhand was signed by Tata Power Renewable Energy Limited (TPREL), a Tata Power subsidiary, the company announced in a statement.

According to the statement, this solar plant will be the biggest on-campus solar facility in the state.

Tata Motors' sustainable future goals are effectively addressed by the solar system, which is expected to reduce carbon emissions in Uttarakhand by 25 tonnes CO2/kWp. The project will be put into operation six months after the PPA's execution. The solar installation will be installed using ground-mounted units.

In a previous collaboration, TPREL and Tata Motors constructed a 7 MWp solar plant at the Pantnagar manufacturing facility with great success. As a consequence, the overall solar capacity of the Tata Motors Pantnagar factory currently impressively stands at 16 MWp. The solar plants will produce 224 lakh units annually, or around 60% of their yearly demand.

“Tata Power Renewables with this partnership with Tata Motors is supporting India's green energy future. The 9MWp solar power installation resonates our commitment to fostering the widespread adoption of eco-friendly clean energy solutions across industries," said Ashish Khanna, CEO, Tata Power Renewable Energy Limited.

“We are pivoting our business and operations making sustainability a key priority to fulfill our aspiration of net zero emissions. Increasing sourcing and use of renewable energy with a mix of onsite and offsite interventions at all our plants is an important element of our strategy to decarbonise operations. The addition of this solar power installation by Tata Power will make our Pantnagar plant greener and more efficient," said Vishal Badshah, Vice President, Commercial Vehicle Operations, Tata Motors Limited.

In support of the RE100 agenda of major corporations and the nation's shift to clean energy, Tata Power and its subsidiaries are continuously creating renewable energy solutions. In order to address the demands of its C&I consumers for sustainable energy, the company is closely collaborating with them to create large-scale hybrid solutions, battery storage, and pumped hydro projects.

Explore Tata Motors share price today to track the company's current market value.

Source: Media Reports