Tata Motors signs PPA with Tata Power to develop onsite solar project
Tata Motors NSE 0.36 % has signed a Power Purchase Agreement (PPA) with Tata Power NSE 0.17 % to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday.
With this project, the onsite solar plant capacity of Tata Motors’ Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees.
