Tata Power To Build 28 MW Captive Solar Plant For Sanyo Steel

Tata Power Joins Hands With Sanyo For Captive Solar Plant In Maharashtra

Tata Power Renewable Energy Limited (TPREL), the renewable arm of Tata Power through its subsidiary TP Alpha Limited (Special Purpose Vehicle –SPV), signed a Power Delivery Agreement (PDA) with Sanyo Special Steel Manufacturing India Pvt. Ltd. for a captive solar plant. It has a capacity of 28.125 MW (AC) (i.e. 39.375 MWp DC).

The plant is located at Aachegaon in the Solapur district of Maharashtra. The solar plant is projected to produce an annual electricity of 61.875 Million Units (MUs), which would meet the energy requirement of the 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’s green power requirements and contribute towards the United Nations Sustainable Development Goals (SDG).

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). 

The project is in line with the objectives of the National Green Energy policy, emphasizing India’s commitment to fostering a clean energy ecosystem.

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Speaking on the partnership, Ashish Khanna, CEO of Tata Power Renewable Energy Limited, stated, “These initiatives yield advantages like cost reduction, lower emissions, enhanced energy security, and alignment with sustainability targets. The government prioritizes captive power projects, driven by their economic and environmental merits, highlighting their significance for various industries.”

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Dilipkumar Pachpande, Managing Director of Sanyo Special Steel Manufacturing India Pvt. Ltd., added. “This collaboration …significantly benefits the steel manufacturing unit by reducing CO2 emissions and costs, enhancing sustainability, and contributing to carbon neutral goals by producing Green Steel. It is a significant step towards our long-term strategy towards sustainable development. We look forward to making the most of this association and fetching maximum benefit for the environment and all our stakeholders. “

Earlier, TPREL secured a Letter of Award (LoA) for a 966-MWRTC hybrid project, which marked one of the largest industrial Round-The-Clock (RTC) power purchase agreements within the group captive segment in the country.

With this project’s capacity addition, the total renewables capacity of TPREL reaches 7,815 MW including 3,683 MW projects under various stages of implementation and its operational capacity is 4,132 MW, which includes 3,139 MW solar and 993 MW wind.