Tata Power Renewable Energy Limited (TPREL) has entered into a Power Delivery Agreement (PDA) with Endurance Technologies Limited, a leading auto component manufacturer. This agreement is facilitated through a special purpose vehicle (SPV) named TP Green Nature Limited, for the development of a 12.5MW AC Captive Solar Plant.
The proposed plant will be located in Aachegaon, Maharashtra, generating an annual output of 27.5 million units (MUs) of electricity. This initiative is set to significantly reduce Endurance Technologies’ carbon footprint, contributing to the mitigation of approximately 9,125 metric tonnes (MT) of carbon emissions annually. The project is slated to be completed within 12 months from the formal signing of the Power Delivery Agreement.
Commenting on the development, 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.”
TPREL and Endurance Technologies Limited have previously collaborated successfully on a 12.5 MW captive solar power plant in Akkalkot, Maharashtra. This functional solar facility boasts an annual power generation capacity of 18.7 million units (MUs). TPREL has showcased impressive expertise in crafting tailored captive energy solutions for diverse industries, including steel, hospitality, real estate, auto components, polymers, and more
Mr. Ramesh Gehaney, Director & COO, Endurance Technologies Limited, added, “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.”
The introduction of this captive solar power plant expands TPREL’s renewable energy portfolio to a total capacity of 7,889 MW. This encompasses 3,701 MW of projects in different stages of implementation, underscoring TPREL’s dedication to enlarging its footprint in clean energy. The company’s current operational capacity is 4,188 MW, comprising 3,185 MW from solar projects and 1,003 MW from wind energy.