This collaboration would make Viraj Profile, one of the first manufacturers to use solar energy.
Tata Power is known for its immense offering in the renewable energy sector. Adding to its 6 solar power plants, Tata Power Renewable Energy Limited (TPREL), has now collaborated with Viraj Profile Private Limited. This collaboration would power Viraj Profile Pvt. Limited’s Tarapur Plant using Tata Power’s 100 MW captive solar plant. Yet to be set up this plant will be developed by Tata Power at Nandgaon; (the company’s Nasik site).
The plant is expected to generate about 200 MUs of energy and offset approximately 170.43 million Kg of CO2 annually. This collaboration would make Viraj Profile, one of the first manufacturers to use solar energy, and reduce the company’s dependency on non-renewable power resources by approximately 50%. However, TPREL would still own 74% of the power generation.
The project is said to be commissioned by July 2023 as TPREL has created a special purpose vehicle (SPV) – TP Nanded Limited, that would undertake the construction, operation and maintenance of this captive solar power plant.
Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said “We are pleased to announce the establishment of our new SPV to construct a 100 MW solar power facility for Viraj Profile Private Limited. We believe that this will also inspire other energy-intensive sectors to join the movement for sustainable energy and shift their operations and services to clean energy sources. This project is another step in TPREL’s ongoing efforts to build green and renewable energy solutions throughout India.”
Mr J P Garg, President, Viraj Profiles Pvt. Limited, said, “We are glad to partner with Tata Power. Our alliance will work as a catalyst in achieving our sustainability goals toward carbon neutrality. The company’s aim is to fulfil its energy requirement completely through Green Energy in the next three years. In the first phase, Viraj will get around 100 MW of electricity, and the capacity shall increase over the next couple of years.”
TPREL currently has more than 9.7 GWp of ground-mount utility-scale solar projects and over 1.2 GW of rooftop and distributed generation projects across India.
