Tata Power Renewable Energy, Sanyo Special Steel Manufacturing India to set up of 28.125 MW AC Captive Solar plant

Biznextindia : Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector through its subsidiary TP Alpha Limited (SPV) has signed a Power Delivery Agreement (PDA) with Sanyo Special Steel Manufacturing India Private Limited (SSMI) for a Captive Solar Plant having capacity of 28.125 MW (AC) (i.e. 39.375 MWp DC) which is located in Aachegaon, Dist- Solapur, Maharashtra. The solar plant is projected to produce an annual electricity of 61.875 Million Units (“MUs”) which would meet the energy requirement of steel manufacturing unit of “SSMI”. The overall capacity of the Aachegaon facility is 120 MWp AC. The project will be commissioned by March 2024 as per the arrangement.

This Solar Power will meet “SSMI” green power requirements and contribute towards United Nations Sustainable Development Goals. The use of solar energy from this installation will help to reduce SSMI’s carbon footprint by 42,534 tonnes annually (reduction of carbon dioxide (CO2) emissions by 42,534 tonnes annually). This project aligns with “SSMI” long term strategy towards climate change by reducing dependency on fossil fuel-based energy, lower the carbon footprint and manufacture Green Steel. The project is in line with the objectives of the National Green Energy policy, emphasizing India’s commitment to fostering a clean energy ecosystem.

“Our partnership with Sanyo Special Steel Manufacturing India Pvt. Ltd. reflects our joint dedication to drive sustainable practices in the steel industry. These initiatives yield advantages like cost reduction, lower emissions, enhanced energy security, and alignment with sustainability targets. The government’s prioritization of captive power projects, driven by their economic and environmental merits, highlights their significance for various industries” Ashish Khanna, CEO of Tata Power Renewable Energy said.