Tata Power Renewable Energy Limited inks PDA with Endurance Technologies Limited for setting up 12.5 MW Captive Solar Plant – EQ
The plant is estimated to generate 27.5 MUs of power; will cut the CO2 emissions by over 9,125 tonnes/ kWh annually
Tata Power Renewable Energy Limited (TPREL), a leading renewable energy player and a subsidiary of The Tata Power Company Limited, has signed a Power Delivery Agreement (PDA) with Endurance Technologies Limited, a leading auto component manufacturer, through a special purpose vehicle (SPV) TP Green Nature Limited, for the development of 12.5MW AC Captive Solar Plant.
The plant will be set up at Aachegaon in Maharashtra and will generate 27.5 million units (MUs) of electricity every year. This will help in reducing Endurance Technologies’ carbon footprints and mitigate approximately 9,125 metric tonnes (MT) of carbon emissions annually.
The project is expected to be completed within 12 months of the signing of the PDA.
Commenting on the partnership, Ashish Khanna, CEO, TPREL, said, “Our partnership with Endurance Technologies Limited to set up a captive solar plant will support them in adopting sustainable energy solutions. At TPREL, we are dedicated to supporting energy-intensive businesses across multiple industries to actively adopt green energy solutions and advance the nation’s energy transition journey.’
Notably, TPREL and Endurance Technologies Limited have already experienced a fruitful partnership with a 12.5 MW captive solar power plant in Akkalkot, Maharashtra. This operational solar plant has an annual power generation capacity of 18.7 million units (MUs).
TPREL has demonstrated remarkable prowess in tailoring captive energy solutions for various industries like steel, hospitality, realty, auto components, polymer et al and delivering them in a dependable, cost-effective, and environment-friendly way.
Mr. Ramesh Gehaney, Director & COO, Endurance Technologies Limited, said, “We are committed to environmental responsibility and adopting eco-friendly energy alternatives through this partnership with Tata Power Renewable Energy Limited. Green energy reduces pollution, curbs climate change, and preserves natural resources while fostering sustainable economic growth and energy independence. The captive solar plant represents a pivotal milestone in our journey towards green energy and vision for a sustainable future.”
With this proposed captive solar power plant, the overall renewable energy portfolio of TPREL reaches a total capacity of 7,889 MW. This includes 3,701 MW of projects in various stages of implementation, underscoring TPREL’s commitment to expanding its clean energy footprint. The company’s operational capacity currently stands at 4,188 MW comprising 3,185 MW of solar and 1,003 MW of wind energy.
About Tata Power Renewable Energy Limited:
Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the country’s most significant renewable energy players. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage) that it owns, operates, and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility-scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of 530 MW solar cells and 682 MW modules in Bengaluru and plans to set up a Greenfield to set up a Greenfield 4.3 GW solar cell & solar module plant in Tamil Nadu. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. As on date, TPREL’s total renewable utility capacity is 7,889 MW including 3,701 MW projects under various stages of implementation and its operational capacity is 4,188 MW, which includes 3,185 MW solar and 1,003 MW wind. Presently, the company’s solar EPC portfolio is more than 11.5 GWp of ground-mount utility-scale, over 1.7 GW of rooftop and distributed ground-mounted systems, and over 1,00,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.
