The solar plant, located in Aachegaon, Maharashtra, is projected to generate 27.5 million units (MUs) of electricity annually, aiding in the reduction of Endurance Technologies' carbon footprint by mitigating approximately 9,125 metric tonnes (MT) of carbon emissions each year
Tata Power Renewable Energy Ltd (TPREL) announced on Monday that it has entered into an agreement with Endurance Technologies Ltd to establish a 12.5 MW captive solar plant in Maharashtra.
A Power Delivery Agreement (PDA) has already been signed with Endurance Technologies Ltd through a Special Purpose Vehicle (SPV) named TP Green Nature Ltd for this purpose, according to a statement by TPREL.
The solar plant, located in Aachegaon, Maharashtra, is projected to generate 27.5 million units (MUs) of electricity annually, aiding in the reduction of Endurance Technologies' carbon footprint by mitigating approximately 9,125 metric tonnes (MT) of carbon emissions each year.
The project is expected to be completed within 12 months from the signing of the PDA. TPREL CEO Ashish Khanna stated, "Our partnership with Endurance Technologies Ltd to establish a captive solar plant will support them in adopting sustainable energy solutions.
" Khanna further emphasized TPREL's commitment to assisting energy-intensive businesses across diverse industries in actively adopting green energy solutions and contributing to the nation's energy transition journey. With the addition of the proposed captive solar power plant, TPREL's overall renewable energy portfolio, a subsidiary of Tata Power, has reached a total capacity of 7,889 MW.
The operational capacity stands at 4,188 MW, comprising 3,185 MW of solar and 1,003 MW of wind energy.