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Tata Power Renewable Energy Limited (TPREL) has embarked on an audacious journey, forging a visionary partnership with Sanyo Special Steel Manufacturing India Private Limited (SSMI) to unveil a potent 28.12-megawatt green energy facility in the heart of Maharashtra. In a recent announcement, TPREL, an eminent subsidiary operating within the revered Tata Power conglomerate, unveiled the culmination of a momentous Power Delivery Agreement (PDA) with SSMI, a formidable player in the steel manufacturing domain. This grand initiative has been meticulously orchestrated through their specialized entity, TP Alpha Limited.
This epochal collaboration signifies TPREL's unwavering commitment to the realm of green energy and represents a significant stride towards sustainable energy production. The centrepiece of this ambitious venture is the establishment of a 28.125 MW AC (equivalent to 39.375 MWp) captive solar plant, strategically situated in Aachegaon, nestled within the expansive district of Solapur in Maharashtra. Projections for this pioneering plant are nothing short of extraordinary, with an estimated annual electricity yield of approximately 61.875 million units (MUs). Such a substantial energy output is poised to adeptly satiate the voracious power demands of SSMI's steel manufacturing facility, thus fortifying its energy resilience and autonomy.
The environmental ramifications of this visionary project are equally profound, with projections indicating a substantial annual reduction of SSMI's carbon footprint by a remarkable 42,534 metric tonnes. This represents a pivotal contribution to SSMI's overarching strategy to proactively combat climate change. This pioneering initiative is poised to diminish SSMI's reliance on conventional fossil fuel-based energy sources, paving the way for the sustainable production of environmentally conscious green steel.
Before this historic collaboration, TPREL had secured a coveted Letter of Award (LoA) for a monumental 966-MWRTC hybrid project, a milestone achievement within the realm of industrial round-the-clock (RTC) power purchase agreements. This project, recognized as one of the most extensive within the domain of group captive energy procurement, signified a quantum leap forward in the renewable energy landscape.
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