Tata Power and Tata Motors will together develop a 7 MWp solar rooftop project at Tata Motors’ passenger vehicle plant in Chikhali, Pune, the company informed the exchanges on Monday.
Both these companies have recently inked a Power Purchase Agreement (PPA) for this solar project. The installation is collectively expected to generate 23 million units of electricity, mitigating 5.23 lakh tonnes of carbon dioxide. This will be equivalent to planting 8.36 lakh trees over a lifetime, the company said.
This is the third phase of a joint 17 MWp on-site solar project developed by the two companies, of which a 10 MWp has been installed earlier.
“Tata Motors has been working towards reducing greenhouse gas emissions to achieve Net Zero Emission goal. With fresh agreement to install an additional Roof Top solar plant of 7 MWp in our Pune plant in association with Tata Power, we will move closer to our goal of 100% Renewable Energy. Post commissioning of this capacity, we will become the largest onsite solar installation in India,” Rajesh Khatri, Vice President, Operations, Tata Motors Passenger Vehicles said.
"India's largest on-site solar project at Tata Motors' Pune plant is a testament to our shared goal of being green in our businesses. The project reinforces Tata Power's position as one of India's top renewable energy players, offering considerable value to its partners through its project execution capabilities and technical expertise," Gurinder Singh Sandhu, Chief – New Business Services, Tata Power said.
Tata Motors has generated 92.39 million kWh of renewable electricity in FY22, accounting for almost 19.4% of total power usage. It now plans to obtain renewable energy with greater rigour to reach its goal of procuring 100% renewable energy by 2030.