Tata Power Renewable Energy has been granted a letter of award to build a 966 MW hybrid renewable power plant for Tata Steel through its subsidiary, TP Vardhaman Surya. The RTC hybrid project will have 379 MW of solar and 587 MW of wind generation capacity. It is one of the largest industrial RTC power plants under India’s group captive regulation, which manages units established by companies for their own consumption.
Tata Steel is one of the most globally diversified producers, generating 35 million tonnes of crude steel yearly. The hybrid project will reduce annual carbon emissions by 23,89,160 tonnes while also assisting the company in meeting a sizeable portion of its green energy requirements in India. Reportedly, Tata Steel will invest 26 per cent equity in the said project. The project will be commissioned by June 1, 2025 as per the arrangement.
Recently, Princeton Digital Group (PDG) signed a renewable power consumption agreement with a subsidiary of Tata Power Renewable Energy Limited. Under the agreement, PDG’s MU1 data center in Airoli, Mumbai will consume power generated by a solar project located in Nanded district, Maharashtra.
