In a move towards green manufacturing, Tata Motors (NS: TAMO ) (NYSE: TTM ) and Tata Power (NS: TTPW ) Renewable Energy (TPREL) have entered into a Power Purchase Agreement (PPA) to develop a 12MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility. This agreement, announced on Tuesday, is a significant step in Tata Motors' long-term ambitions for renewable energy.
The newly planned solar project will add to the existing 8.73 MWp, bringing the total solar capacity to 20.73 MWp for Tata Motors across its Commercial Vehicle Business Unit (CVBU) in Pune. The company has plans to expand this solar capacity further in the coming years to meet growing demand for renewable energy.
This 12MWp solar project is expected to generate 17.5 million units of electricity annually, meeting approximately 17.2% of the annualized requirement of the manufacturing facility. This could potentially mitigate over 12,400 tonnes per kWh of carbon emissions each year, contributing significantly towards environmental sustainability.
The project is set to be commissioned within six months after the PPA is signed and will include rooftop installations.
This isn't the first collaboration between TPREL and Tata Motors in their pursuit of renewable energy solutions. The two entities have previously worked together to develop a 16 MWp solar power project at Pantnagar in Uttarakhand, which is anticipated to be the state's largest in terms of capacity.
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