Tata Power Renewable to set up 41-MW captive solar plant in Thoothukudi, Tamil Nadu
On September 27, Tata Power Company Ltd.'s subsidiary Tata Power Renewable Energy Ltd (TPREL) announced plans to set up a 41-MW captive solar plant in Thoothukudi, Tamil Nadu.
According to a stock exchange filing, this venture supports TP Solar Ltd (TP Solar), which has begun building a massive 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu.
The captive solar plant will produce 101 million electrical units yearly. By offsetting over 72,000 metric tonnes of CO2 emissions annually, it is also positioned to have a significant environmental impact.
Within a year of the project development agreement's signing, the project is anticipated to be put into operation.
TPREL has established TP Govardhan Creatives Ltd, a specialized organization, to manage the development, operation, and maintenance of this plant for TP Solar.
The commercial manufacturing of solar cells and modules is expected to start at TP Solar, a TPREL subsidiary, by the fiscal year 2024–2025. This program represents an important turning point in Tata Power Renewable Energy's efforts to strengthen India's green energy infrastructure.
The new captive solar project will increase TPREL's total capacity to an impressive 7,877 MW. This consists of 4,157 MW of operational capacity, made up of 3,154 MW of solar energy and 1,003 MW of wind energy, as well as 3,720 MW of projects that are in various phases of execution.
