Tata Power Renewable Energy commissions 72.5 MW solar project in Rajasthan
Tata Power Renewable Energy has commissioned a 72.5 megawatt solar project in Rajasthan. This new facility will supply clean energy to Tata Steel through a subsidiary. The project is expected to generate significant green energy annually and reduc...
The energy will be supplied to Tata Steel through TP Vardhman Surya, a subsidiary of Tata Power Renewable Energy Limited (TPREL), a statement said.
Read more: Tata Power loses challenge to $490 million arbitration award
TPREL said the ground-mounted project is expected to generate 166 MUs of green energy annually, and offset 1,18,856 tonnes of carbon emissions annually. The project deploys 1,71,360 modules for the Tata Steel project that have been manufactured from TP Solar Limited.
"The project is advancing Tata Steel's decarbonisation journey and strengthening TPREL's contribution to India's renewable energy capacity," it said.
Read more: Tata group profit jumps 5x in six years as market value triples amid big bets on Air India, semiconductors & digital
With the addition of this project, TPREL's total renewable utility capacity has reached 12.3 GW.
Out of this, around 7 GW (5.7 GW of solar and 1.3 GW of wind) is operational, while close to 5.3 GW is under various stages of implementation, which includes 2.2 GW of solar and 3.1 GW of wind.
Tata Power Renewable Energy is a subsidiary of Tata Power Company.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.