Tata Power Renewable Energy (TPREL) announced it has signed an agreement with Vivarea Condominium, a residential society in Mumbai, to supply solar power. A first of its kind, the 3.125 MW solar plant will be set up at Himayatnagar, Maharashtra to power the society with clean energy.
The company, one of India’s largest integrated renewable energy companies and a subsidiary of Tata Power, said it will undertake the construction, operation, and maintenance of this captive solar power plant, which is expected to generate about 7.5 MU of energy and offset 6.15 metric tonnes of CO2 in the first year.
The project will be commissioned by October 2023 and will provide green power at 40 per cent less than the cost of existing tariff to Vivarea Condominium. With this, Vivarea will become the country’s first residential society to use captive solar energy for domestic usage.
“This association is a testament to TPREL’s continued efforts to mainstream the use of renewable energy,” said Shivram Bikkina, Chief – Rooftop, Tata Power Renewable Energy.
The company has a portfolio of 10 GWp of ground-mounted utility-scale solar projects and over 1.3 GW of rooftop and distributed generation projects across the country. TPREL also operates a manufacturing unit in Bangalore, with a production capacity of 1,135 MW of modules and cells.
It has a total renewable energy capacity of 6,048 MW with an installed capacity of 3,884 MW (Solar – 2,956 MW & Wind – 928 MW) and 2,164 MW under various stages of implementation.
