Tata Power Renewable Energy Ltd. (TPREL), a wholly-owned subsidiary of Tata Power, has signed a Power Purchase Agreement (PPA) with General Electric (GE). Under the agreement, TPREL will provide solar rooftop solutions for six manufacturing and services sites of GE across the country.
These sites are located at Durgapur in West Bengal, Pallavaram and Hosur in Tamil Nadu, a multi-modal manufacturing site at Pune, an upcoming factory at Marhowra in Bihar, and a maintenance facility at Roza in Uttar Pradesh.
The projects will be executed on Build-Own-Operate (BOO) basis and are expected to generate over 1 million kWh of electricity per year. This, in turn, will reduce the average tariff by one third and curb the emission of over 13,000 kg of carbon dioxide per day.
According to the latest India Solar Market Leaderboard 2017, in the calendar year 2017, Tata Power was the top installer in 2017 followed by CleanMax and Fourth Partner Energy. Mercom recently reported that renewables emerged as a significant contributor to Tata Power’s annual profit of ₹26.79 billion (~$401.48 million) for FY 2017-18.
The clean energy portfolio of Tata Power has increased to 3,417 MW as compared to 3,141 MW last year, according to the company’s portfolio. Its renewable business PAT also grew by 55 percent at ₹4.25 billion (~$63.69 billion).
According to the company, Tata Power Solar has commissioned more than 1.45 GW of ground-mount utility scale and over 200 MW of rooftop and distributed generation projects across the country to date.
Recently, Tata Power Community Development Trust (TPCDT) partnered with Coastal Gujarat Power Limited (CGPL) for a project called Suryoday. The program aims to power all the households in Tunda village of Gujarat with rooftop solar installations.
Image credit: By U.S. Navy photo by Rick Naystatt [Public domain], via Wikimedia Commons