Tata Power Renewable Energy Ltd, an arm of Tata Power, will develop a 12.5 MW solar power project for offtake by Supreme Petrochem Ltd. It will develop the project through a special-purpose vehicle TP Saturn Ltd.
Tata Power Renewable Energy Ltd recently signed a power delivery agreement (PDA) with Supreme Petrochem for the power generated from the project.
The plant will be located in Achegaon, Maharashtra, and is expected to generate around 27.5 million units (MUs) of renewable power annually.
Supreme Petrochem produces polystyrene and expandable polystyrene in India. The company is committed to using clean energy to run its production units.
The plant is expected to help Supreme Petrochem offset carbon emissions by 20,075 metric tonnes per annum and is expected to be operational within eight months of the PDA signing.
With the latest addition, TPREL’s total renewable energy capacity has swelled to 7,902 MW. This includes 3,711 MW of projects in varying stages of development and 4,191 MW of operating capacity (comprising 3,185 MW from solar and 1,006 MW from wind energy).
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