Mumbai: Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has signed a power purchase agreement (PPA) with Tata Motors to jointly develop a 131 MW wind-solar hybrid renewable energy project. The agreement falls under the group captive model, with both companies investing in the project.
Clean power to supply six manufacturing plants
The hybrid energy system will supply renewable electricity to Tata Motors’ six manufacturing facilities located in Maharashtra and Gujarat. According to Tata Power Renewable, the project is expected to generate around 300 million units (MUs) of clean energy annually and offset over 200,000 tonnes of carbon dioxide emissions per year. This move supports Tata Motors’ RE100 goal of sourcing 100% of its electricity requirements from renewables before 2030.
Project expands Tata Power Renewable’s captive energy portfolio
With this development, Tata Power Renewable’s group captive portfolio has crossed 1.5 GW capacity. Of this, 478 MW is operational, while nearly 1.1 GW is under various stages of execution. These ongoing projects are scheduled to be completed over the next two years. TPREL is currently developing custom round-the-clock (RTC) solutions by integrating wind, solar, floating solar, and battery storage technologies to cater to the power needs of energy-intensive sectors.
Part of a larger shift within Tata Group
The Tata Group has been gradually expanding its captive renewable energy initiatives across several of its companies, including Tata Steel, Tata Communications, and the Indian Hotels Company Ltd (IHCL). The collaboration between Tata Power Renewable and Tata Motors reflects a broader shift in the group’s energy strategy, aligning with global Environment, Social, and Governance (ESG) goals and sustainability benchmarks. TPREL has reiterated its focus on building tailored solutions for commercial and industrial players to support their energy transition goals.
