Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has collaborated with Viraj Profile Pvt Ltd, to set up a 100 MW captive solar plant.
The plant will be developed by Tata Power at Nandgaon at its Nasik site and it will power Viraj Profile’s plant located at Tarapur.
With this, Viraj will become one of the first stainless steel long products manufacturing companies in India to use solar energy to run its manufacturing plant, Tata Power said in a release.
With the commissioning of this plant, Viraj Profile’s dependability on non-renewable power resources will be reduced by approximately 50 per cent. The project will get commissioned by July 2023.
TPREL has created a special purpose vehicle “TP Nanded Ltd”, which will undertake the construction, operation and maintenance of this captive solar power plant.
The plant is expected to generate about 200 million kwh of energy and offset approximately 170.43 million kg of CO2 annually. As per captive generation rules, Tata Power will own 74 per cent of the generation while Viraj Profile will own the remaining 26 per cent. The power generated will be used for captive consumption by Viraj Profile’s plant at Tarapur.
Also read: Tata Power Commissions 100-Mw Solar Project In Maharashtra
Largest solar rooftop EPC player
TPREL has been India leading solar rooftop EPC player for the last eight years. It has a portfolio of more than 9.7 GWp of ground-mount utility-scale solar projects and over 1.2 GW of rooftop and distributed generation projects across the country to date.
Tata Power also operates a world-class manufacturing unit in Bangalore, with a production capacity of 1,135 MW of modules and cells. The company has also recently signed an MoU with the Tamil Nadu government to set up 4 GW solar cell and 4 GW solar module manufacturing plant in Tirunelveli district.
Featured photograph (source unknown) shows the interior view of a manufacturing plant of Viraj Profile.
