Tata Energy Renewable unit will get contract for 966MW RTC hybrid energy undertaking

New Delhi: Tata Energy Renewable Vitality Restricted via its subsidiary TP Vardhaman Surya Restricted, has been granted the Letter of Award (LOA) to develop a 966MW Round the clock (RTC) hybrid renewable energy undertaking for Tata Metal, the corporate stated in an announcement on Thursday.

This undertaking, combining photo voltaic and wind energy, stands as one of many largest industrial RTC energy buy agreements (PPAs) beneath the Group Captive section in India.

The undertaking will comprise a photo voltaic capability of 379MW and a wind capability of 587MW. Tata Metal, a outstanding international metal producer with an annual crude metal capability of 35 million tonnes, seeks to fulfill a good portion of its inexperienced vitality necessities via this initiative. The undertaking is anticipated to curtail carbon dioxide (CO2) emissions by roughly 2,389,160 tons every year.

As a part of the settlement, Tata Metal will make investments 26% fairness within the undertaking, with the commissioning focused for 1 June, 2025.

“Tata Energy and Tata Metal are dedicated to collectively develop inexperienced vitality options. The 966MW RTC (Round the clock) hybrid renewable energy undertaking marks a big step in direction of our mixed efforts to speed up the adoption of fresh and inexperienced vitality to fulfill the web zero goal,” stated Praveer Sinha, CEO & MD, Tata Energy.

“We’re happy to associate with Tata Energy Renewable Vitality Restricted to safe a good portion of our energy necessities from renewable sources. This settlement aligns with our sustainability imaginative and prescient and can contribute to the discount of carbon emissions related to our operations. We imagine that renewable vitality is the longer term, and this partnership permits us to take one of many steps in direction of attaining our goal of internet zero by 2045,” stated T. V. Narendran, CEO & MD, Tata Metal.

With the addition of this undertaking, the full renewable capability of Tata Energy Renewable Vitality Restricted reaches 7,756MW, with 4,059MW already put in (3,107MW of photo voltaic capability and 952MW of wind capability), and a further 3,697MW beneath varied levels of implementation.

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Up to date: 08 Jun 2023, 06:52 PM IST