In a significant stride towards green manufacturing, Tata Motors (NS: TAMO ) (NYSE: TTM ) and Tata Power (NS: TTPW ) Renewable Energy Limited (TPREL), a subsidiary of Tata Power, have entered into a Power Purchase Agreement (PPA) to develop a new 12MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility. The announcement was made on Wednesday.
This new initiative is expected to generate 17.5 million units of electricity annually, fulfilling nearly 17.2% of the annualized requirement and potentially offsetting over 12400 tonnes/kWh of carbon emissions each year. The solar project will be commissioned within six months after the PPA gets signed, and will include rooftop installations.
The additional 12MWp bolsters the existing 8.73 MWp, bringing the total solar power capacity at Tata Motors across Commercial vehicle Business Unit (CVBU), Pune to 20.73 MWp. Over the coming years, the company has plans to further augment the solar capacity of its Pune plant in response to increasing renewable energy demand.
Vishal Badshah, Vice President of Commercial Vehicle Operations at Tata Motors Limited, said during the project announcement that the company is committed to sustainability and aims for net-zero emissions. He emphasized that the collaboration with Tata Power for the Pune solar facility is a testament to their commitment to greener and more efficient operations.
Ashish Khanna, CEO of Tata Power Renewable Energy Limited, also expressed his views on the partnership stating that signing of the 12MWp PPA with Tata Motors underlines their shared goals for a sustainable future. He affirmed TPREL's commitment to support the energy transition of their C&I consumers through clean energy solutions.
This isn't the first time these two entities have collaborated on such an initiative. Previously, TPREL and Tata Motors developed a 16MWp solar power project in Pantnagar, Uttarakhand, which is set to be the state's largest capacity-wise.
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