MoneyWorks4Me

Tata Power to develop onsite solar project for Tata Motors

24 Aug 2022 Evaluate

Tata Power and Tata Motors have entered into a Power Purchase Agreement (PPA) to develop a 7.25 Mwp onsite solar project at Tata Motors’ commercial vehicle manufacturing facility. The project will be a significant move to increase the renewable energy portfolio at Tata Motors’ manufacturing facility.

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.

Tata Power Company is India’s largest integrated power company.

Peers
Company Name CMP
NTPC 329.25
Tata Power 362.65
Adani Power 204.20
Power Grid Corpn. 264.90
Adani Energy Solut. 1348.55
View more..