Share Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, plans to build a 41-megawatt (MW) captive solar plant in Thoothukudi, Tamil Nadu. The plant will support TP Solar’s new 4.3-gigawatt (GW) solar cell and module manufacturing unit in Tirunelveli. Share Tata Power NSE Share Price The solar plant aims to generate 101 million units of electricity annually and reduce around 72,000 metric tonnes of carbon dioxide emissions.
Best Share Tata Power Price
The project is expected to be completed within 12 months from the signing of the Project Development Agreement. Tata Power NSE Share Price To manage the development, operation, and maintenance of the facility, TPREL has established TP Govardhan Creatives. Share Tata Power TP Solar, another subsidiary of TPREL, is expected to start commercial production by the financial year 2024-25.
Why Increase Share Tata Power Price
Ashish Khanna, the CEO of TPREL, said, “Supplying green energy to our state-of-the-art 4.3 GW solar cell and module manufacturing facility demonstrates our commitment to a sustainable energy transition. This initiative will serve as a model for future solar component manufacturing facilities to utilize green energy, Share Tata Power Price significantly contributing to India’s target of achieving 500 GW of non-fossil fuel-based energy capacity by the end of the decade.”
With the addition of the new captive solar plant, Share Tata Power TPREL’s total capacity will reach 7,877 MW. This includes 3,720 MW of projects at different stages of implementation and an operational capacity of 4,157 MW, consisting of 3,154 MW of solar energy and 1,003 MW of wind energy.
First Published: Sep 27 2023 | 8:00 PM IST