Mumbai: Tata Steel and Tata Power, two flagship companies of the Tata Group, have come together to develop grid-connected solar projects in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up a 41 MW solar project, which will be a combination of rooftop, floating and ground-mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97 MWp) in Jharkhand and in Kalinganagar (19.22 MWp) in Odisha, said an official statement on Friday.
Under this PPA, Tata Power will undertake the development of rooftop PV with 7.57 MWp capacity in Jharkhand's Jamshedpur and floating and ground-mounted capacity of 10.80 MWp and 3.6 MWp, respectively. The ground-mounted PV will be installed at Sonari Airport, Jamshedpur. Kalinganagar in Odisha will get 9.12 MWp of rooftop PV capacities, and floating PV will constitute 10.10 MWp.
Solar projects to save 5,210 tonnes of CO2 per year
The estimated energy generation through 41.19 MWp solar project is 6,02,80,095 kWh for the first year. During its lifetime (ie for 25 years), the total energy generation would be 1,40,93,61,488 kWh. The project will help save 45,210 tonnes of CO2 per year and 10,57,021 tonnes during its lifetime of 25 years, said the statement.
"Tata Steel and Tata Power have constantly explored opportunities to exploit renewable energy sources, which is the best way of mitigating the impact of climate change. Today’s announcement is yet another milestone in the common quest of both companies to become a sustainability-driven enterprise, committed to exploring clean energy solutions," the statement said.
In March 2021, the two companies had announced the development of a 15 MW solar project in Jamshedpur. This project would generate an average of 32 MUs of energy per year. It will help in offsetting approximately an average of 25.8 million Kgs of CO2 annually. Earlier in 2017, Tata Power Solar had commissioned a 3 MW Solar PV Power Plant in Tata Steel’s Iron Ore Mine at Noamundi. This was the first solar power plant of its kind at any iron ore mine in the country.
'Tata Group committed towards adoption of clean energy'
Thanking Tata Power for partnering on this very important initiative, Tata Steel's CEO & MD TV Narendran said, “At Tata Steel, sustainability has always been a core principle that is embedded in its business philosophy and is backed by a long-term, holistic vision of achieving identified targets. We have taken several definitive steps across the value chain to reinforce our sustainability credentials. In the recent past, projects on power generation from solar and non-conventional energy sources have gained momentum across our operating locations. We will continue with our pursuit of clean energy solutions and expand our renewable energy footprint."
Talking of the valued partnership, Tata Power's CEO & MD Dr Praveer Sinha said, “We are glad to collaborate with Tata Steel to help them reduce their carbon footprint and reaffirm Tata Group’s commitment towards the adoption of clean energy. Tata Power and Tata Steel have been collaborating for a long time to meet the energy requirements through cleaner means. This blended solar PV project is yet another milestone in our shared vision of a better tomorrow and we look forward to working closely with them for covering all their other plants across the country.”
Tata Steel & Tata Power
Tata Steel is a signatory to the Task Force on climate-related financial disclosures for climate change. The company set up India’s first steel scrap recycling plant in Rohtak followed by a plant for CO2 capture from Blast Furnace gas at its Jamshedpur Works, also the first in the country. Tata Steel is investing in enabling long-term sustainable solutions in logistics and supply chain and has pioneered electric vehicles for the transportation of finished steel in the country. The company has also earned the distinction of becoming the first steel producer in the world to join the Sea Cargo Charter (SCC) to reduce ‘Scope 3’ greenhouse gas emissions in the ocean trade.
In line with India’s Nationally Determined Contributions (NDC), Tata Power aims to achieve Carbon Neutrality before 2050. The company is pursuing 2 GW of solar and hybrid capabilities annually to grow more than 25 GW by 2030.
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