TP Alpha Ltd, a subsidiary of Tata Power Renewable Energy, announced the signing of a power delivery agreement with Sanyo Special Steel Manufacturing India for a 28.125 MW (AC) captive solar facility located in Aachegaon, Maharashtra.

This solar plant is anticipated to generate 61.875 million units of electricity annually, effectively fulfilling the energy needs of Sanyo Special Steel's manufacturing unit.

Ashish Khanna, CEO of Tata Power Renewable Energy, highlighted the advantages of such initiatives, including cost savings, reduced emissions, improved energy security, and alignment with sustainability goals. He also noted the government's emphasis on captive power projects due to their economic and environmental benefits.

The overall capacity of this facility is 120 MWp AC, and it is slated for commissioning by March 2024. The solar power generated will not only cater to Sanyo Special Steel's green power requirements but also contribute to the UN Sustainable Development Goals.

The adoption of solar energy from this installation is expected to reduce Sanyo Special Steel's annual carbon footprint by 42,534 tonnes, emphasising their commitment to combat climate change and transition towards greener, sustainable steel manufacturing.

Dilipkumar Pachpande, MD of Sanyo Special Steel Manufacturing India, expressed their dedication to clean and green energy solutions and how this collaboration aligns with their long-term strategy for sustainable development. The project aligns with India's National Green Energy policy, showcasing the country's commitment to fostering a clean energy ecosystem.

Prior to this, Tata Power Renewable Energy secured a letter of award for a 966 MWRTC hybrid project, marking a significant milestone in the realm of round-the-clock power purchase agreements within the group captive segment in India.

With the addition of this project, Tata Power Renewable Energy's total renewable capacity now stands at 7,815 MW, encompassing 3,683 MW of projects at various stages of implementation and an operational capacity of 4,132 MW, which includes 3,139 MW of solar and 993 MW of wind power.