Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

15 Sep 2022 , 09:16 AM

Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4 MWp on-site solar project at Tata Motors’ Pune located commercial vehicle manufacturing facility. The installation is collectively expected to generate 5.8 million units of electricity, mitigating over 10 lakh tonnes of carbon emission which is equivalent to planting over 16 lakh teak trees over a lifetime.

“It has been our continuous efforts to reduce greenhouse gas emissions to achieve Net Zero Emission goal. We have been exploring different avenues and business models for using renewable energy to promote sustainable business growth”, said Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Plant of Tata Motors.

He further added, “In FY22, the total renewable energy contribution at our CV Pune plant was 32%. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100% renewable energy capacity.”

Until FY22, Tata Motors at its Pune plant, including its passenger and commercial manufacturing facility, deployed 15 MWp solar project, generating 21 million kWh of renewable electricity. Over the next few years, the company aims to expand the solar capacity of its Pune manufacturing plant to meet the growing demand for renewable energy.

Shivram Bikkina , Chief — Solar Rooftop, Tata Power, said, “Tata Power is elated to partner with Tata Motors in supporting the expansion of green energy utilization through this 4 MWp power project at its manufacturing facility in Pune. We are committed to working closely with all our partners and creating clean energy solutions for making their operations green and sustainable.”

Tata Motors, as a signatory to the RE100, is committed to using 100 percent renewable energy in its operations and has taken many steps toward this objective by gradually increasing the proportion of renewable energy used in its operations.

In FY22, across all its plants in India, the company generated 92.39 million kWh of renewable electricity for its manufacturing operations, which is 19.4% of the total power consumption leading to avoidance of 72,992 metric tonnes of carbon dioxide equivalent and financial saving of Rs. 27.37 crore.

On Thursday early morning trade, Tata Power Company Ltd is currently trading at Rs242.40 per share up by Rs0.95 or 0.39% from its previous closing of Rs241.45 on the BSE.

Tata Motors Ltd is currently trading at Rs453.10 per share up by Rs2.9 or 0.64% from its previous closing of Rs450.20 per share on the BSE.

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