Tata Power and Tata Steel, today announced that they have come together to develop grid-connected solar plants in Jharkhand and Odisha.
Both the companies of the Tata Group, have come together to develop a grid-connected solar project in Jharkhand and Odisha.
The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41 MW solar project, which will be a combination of rooftop, floating and ground mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar (19.22MWp).
Under this PPA, at Jamshedpur, Tata Power will develop rooftops PV with 7.57 MWp capacity, while floating and ground mounted capacity would be 10.80 MWp and 3.6 MWp, respectively. The ground mounted PV will be installed at Sonari Airport, Jamshedpur. Kalinganagar will have 9.12 MWp rooftop PV capacities, and floating PV will constitute 10.10 MWp, said the press release.
The estimated energy generation through 41.19 MWp solar project is 6, 02, 80,095 kWh for the first year. During its lifetime (i.e. for 25 years), the total energy generation would be 1,40,93,61,488 kWh. The project will help save 45210 tonnes of CO2 per year and 1057021 tonnes during its lifetime (25 years).
Thanking Tata Power for partnering on this very important initiative, T V Narendran, CEO & MD, Tata Steel, said “At Tata Steel, sustainability has always been a core principle that is embedded in its business philosophy and is backed by a long-term, holistic vision of achieving identified targets. We have taken several definitive steps across the value chain to reinforce our sustainability credentials. In recent past, projects on power generation from solar and non-conventional energy source have gained momentum across our operating locations. We will continue with our pursuit of clean energy solutions and expand our renewable energy footprint.”
In March 2021, the two companies had announced to develop a 15 MW solar project at Jamshedpur