Tata Power Renewable Energy signs PDA with Tata Communications for 18.75 MW AC solar plant

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Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has signed a power delivery agreement with Tata Communications for an 18.75 MW AC group captive solar power plant.

TPREL will develop the project through a special purpose vehicle, Nivade Windfarm Ltd, for consumption by Tata Communications. The project cost is estimated at INR 105 crore ($12.64 million).

Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units of power while offsetting more than 30,000 tonnes of CO2 emissions annually.

In ‘group-captive’ model, a group of corporate buyers set up a solar plant for their consumption.  These consumers must hold at least 26% of the ownership in the generating plant and consume not less than 51% of the electricity generated, on an annual basis. In this model, cross-subsidy and additional surcharge are not applicable. Thus, it yields the lowest landed cost of power to the consumer with minimum investment.

TPREL is strategically emphasizing on group captive projects, addressing the distinctive renewable energy requirements of clients across various sectors. The company has achieved a capacity of over 1.5 GW in group captive projects.

With the latest addition, TPREL’s total renewables capacity has reached 9,015 MW, including 4,744 MW of projects in different phases of development and an operating capacity of 4,271 MW (3,244 MW solar and 1,027 MW wind).

 

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