Tata Power Renewable Energy Limited (TPREL) has forged a groundbreaking partnership with Sanyo Special Steel Manufacturing India Private Limited (SSMI) to establish a Captive Solar Plant, propelling both companies towards sustainable energy practices. Orchestrated through TPREL’s subsidiary, TP Alpha Limited, which operates as a Special Purpose Vehicle (SPV), the collaboration takes form under a Power Delivery Agreement (PDA) that marks the inauguration of this significant endeavor.
Central to this undertaking is the creation of a Captive Solar Plant boasting a robust capacity of 28.125 MW AC or 39.375 MWp. Nestled in the heart of Aachegaon, Solapur, Maharashtra, this solar plant is poised to generate a remarkable annual electricity output of 61.875 million units (MUs). This sizeable energy yield will adeptly cater to the energy demands of SSMI’s steel manufacturing unit, marking a pivotal step towards sustainable energy sourcing.
Noteworthy is the Aachegaon facility’s comprehensive capacity of 120 MWp, indicative of the scale and foresight of this project. Anticipated to be operational by March 2024, the timeline underscores the dedication of both TPREL and SSMI to timely execution. Beyond its immediate benefits, the solar energy generated holds the potential to contribute meaningfully to the United Nations Sustainable Development Goals, while seamlessly fulfilling SSMI’s green power requirements.
Among the initiative’s most compelling facets is its environmental impact. By harnessing solar energy, SSMI is poised to drastically curtail its carbon footprint, culminating in an annual reduction of around 42,534 tonnes of carbon dioxide (CO2) emissions. This harmonizes seamlessly with SSMI’s overarching strategy to combat climate change, embrace sustainable energy alternatives, and advance the production of environmentally conscious Green Steel.
Furthermore, this ambitious endeavor dovetails harmoniously with India’s National Green Energy policy, a testament to the nation’s resolve to usher in a cleaner, more sustainable energy landscape.
TPREL’s achievements extend beyond this collaboration. Recent success was clinched with the securing of a Letter of Award (LoA) for a monumental 966-MW RTC hybrid project. This accomplishment positions TPREL as a prominent figure in the Round-The-Clock (RTC) power purchase agreements within the group captive sector. Impressively, TPREL’s collective renewable energy capacity has ascended to a formidable 7,815 MW. This inclusive figure spans operational and upcoming projects, with 4,132 MW currently functional, encompassing 3,139 MW in solar energy and 993 MW in wind energy.
Reflecting on the partnership, Mr. Ashish Khanna, CEO of Tata Power Renewable Energy Limited, underscores the shared commitment to fostering sustainable practices within the steel industry. He accentuates the myriad benefits of such initiatives, spanning cost reduction, emissions mitigation, enhanced energy security, and alignment with sustainability goals. Significantly, the government’s prioritization of captive power projects underscores their pivotal role in various sectors, both economically and environmentally.
Mr. Dilipkumar Pachpande, Managing Director of Sanyo Special Steel Manufacturing India Pvt. Ltd., echoes his satisfaction in collaborating with TP Alpha Limited, a subsidiary of Tata Power Renewable Energy Limited. He affirms that this partnership seamlessly resonates with SSMI’s sustainability vision, enabling the fulfillment of a substantial portion of their energy requirements through renewable sources.