Tata Power Renewable Energy Limited (TPREL) has signed an agreement with Vivarea Condominium, a residential society in Mumbai, to supply solar power.
A first of its kind, the 3.125 MW solar plant will be set up at Himayatnagar, Maharashtra to power the society with clean energy. TPREL will undertake the construction, operation, and maintenance of this captive solar power plant, which is expected to generate about 7.5 million units of energy and offset 6.15 metric tonnes of CO2 in the first year. The project will be commissioned by October 2023 and will provide green power at approximately 40 per cent less than the cost of existing tariff to Vivarea Condominium. With this, Tata Power will enable Vivarea Condominium to become the country’s first residential society to use captive solar energy for domestic usage. The project is aligned with the company’s continued commitment to providing energy security, energy equity, and energy sustainability to its consumers.