Latest news with #TataPowerRenewableEnergyLimited
Time of India
4 days ago
- Business
- Time of India
Tata Power rolls out affordable solar rooftop solutions in Odisha
Bhubaneswar: Leading rooftop solar company, Tata Power Renewable Energy Limited (TPREL) on Tuesday announced the launch of an affordable rooftop solar solution in Odisha under its ' Ghar Ghar Solar ' campaign. The programme was launched in the presence of MD and CEO of Tata Power Dr Praveer Sinha and MD & CEO of (TPREL) Sanjay Banga, here at a function. The company in a statement said that its accessible, consumer-centric financing model makes rooftop solar affordable for a broader segment of Odisha's population. "Residents can install systems with minimal upfront investment starting from Rs 2,499 for 1 kW system," an official said. The official said it will turn solar adoption from an aspiration into an economically viable option. This first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power more accessible, affordable, and seamlessly integrated into households, the statement said. Odisha consumers gain substantial financial benefits through the PM Surya Ghar: Muft Bijli Yojana, which offers subsidies up to Rs 78,000 for solar systems up to 3 kW, covering nearly 40 per cent of the installation costs. The initiative is further strengthened through the state government's additional subsidy of Rs 25,000 for a 1 kW system and Rs 50,000 for a 2 kW system. "This financial support significantly accelerates rooftop solar adoption, making clean energy solutions accessible to households across the state," the TPREL official said. Odisha has already witnessed a remarkable surge in rooftop solar adoption, significantly driven by the growing awareness created through the 'Ghar Ghar Solar' initiative. In 2024-25 fiscal, the Company boarded 1,033 new solar rooftop customers, a tenfold increase from the 2023-24 fiscal in the state. The Commercial and Industrial segment also showed consistent growth in Odisha, with 76 consumers added in FY25, up from 56 consumers in FY24. The company said TPREL offers a comprehensive range of benefits to its solar rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, exclusive sales and service in over 450+ districts, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems. PTI
New Indian Express
4 days ago
- Business
- New Indian Express
Tata Power rolls out affordable solar rooftop solutions
BHUBANESWAR: With the state struggling to meet the target of powering three lakh households through rooftop solar system under PM Surya Ghar: Muft Bijli Yojana, the Tata Power Renewable Energy Limited (TPREL) on Tuesday rolled out an affordable plan to boost ground-level adoption of the scheme. Launching the 'Ghar Ghar Solar' campaign, TPREL, a subsidiary of Tata Power, said the company's accessible, consumer-centric financing model will make rooftop solar affordable for a broader segment of the population. 'Residents can install solar systems with minimal upfront investment starting from `2,499 for 1 kW, `4,999 for 2 kW and `7,999 for 3 kW. This initiative will help households, turning solar adoption from an aspiration into an economically viable option,' said Tata Power CEO and MD Praveer Sinha. The first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power affordable and seamlessly integrated into households, he said.
Hans India
21-04-2025
- Automotive
- Hans India
Tata Motors and Tata Power Renewable Energy Partner to Develop 131 MW Wind-Solar Hybrid Project
Tata Motors, India's leading automobile manufacturer, and Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power and a frontrunner in India's clean energy transition, have signed a landmark Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate approximately 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year. Enabled through co-investment and a long-term Power Purchase Agreement (PPA), this integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles. This initiative significantly advances the Tata Motors' clean energy transition for achieving its RE-100 commitment ahead of the 2030 target and accelerates meaningful progress toward climate-resilient operations. It also marks a major milestone in Tata Motors' sustainability roadmap, aligning with its broader ambition to achieve net-zero emissions and lead the shift towards environmentally responsible manufacturing. Signing the PPA, Vishal Badshah, Vice President – Operations, Commercial Vehicles, Tata Motors, said, "As a key driver of India's mobility and logistics ecosystem, Tata Motors Commercial Vehicles is proud to lead by example in sustainable manufacturing. This project reinforces our commitment to integrate renewable energy into our operations and reducing our carbon footprint while meeting our RE-100 goals. It also reflects our broader purpose of delivering mobility solutions that are sustainable at every stage—from production to performance." Pramod Choudhary, Vice President – Operations, Tata Motors Passenger Vehicles, mentioned that, 'We are committed to transition to clean energy for building a future ready automotive business. With this PPA our plants in Maharashtra and Gujarat will take a significant leap in our journey towards Green Manufacturing, complementing India's green transition. It's a defining step towards making our Passenger Vehicle Operations greener, smarter, and more resilient on sustainable basis.'
Time of India
21-04-2025
- Automotive
- Time of India
Tata Motors and Tata Power Renewable Energy ink 131 MW hybrid energy deal
Tata Motors and Tata Power Renewable Energy Limited ( TPREL ) have signed a significant Power Purchase Agreement (PPA) to jointly develop a 131 MW wind-solar hybrid renewable energy project, designed to supply clean electricity to Tata Motors' manufacturing operations in Maharashtra and Gujarat. The integrated project is expected to generate around 300 million units of renewable electricity each year, helping offset over two lakh tonnes of CO₂ emissions annually. This energy will power Tata Motors' six production facilities—supporting the company's RE-100 goals and broader net-zero ambitions. Sustainable manufacturing push The hybrid energy project—enabled through co-investment and a long-term PPA—will deliver green, cost-effective electricity exclusively for Tata Motors' commercial and passenger vehicle plants in the two states. It is a step forward in the company's commitment to reach 100% renewable energy usage across operations before its 2030 target. Describing the agreement as a strategic leap for the commercial vehicle business, Vishal Badshah , vice president – Operations, Commercial Vehicles, Tata Motors, said, "As a key driver of India's mobility and logistics ecosystem, Tata Motors Commercial Vehicles is proud to lead by example in sustainable manufacturing. This project reinforces our commitment to integrate renewable energy into our operations and reducing our carbon footprint while meeting our RE-100 goals. It also reflects our broader purpose of delivering mobility solutions that are sustainable at every stage—from production to performance." Green goals Pramod Choudhary , vice president – Operations, Tata Motors Passenger Vehicles, added, "We are committed to transition to clean energy for building a future ready automotive business. With this PPA our plants in Maharashtra and Gujarat will take a significant leap in our journey towards green manufacturing, complementing India's green transition. It's a defining step towards making our Passenger Vehicle Operations greener, smarter, and more resilient on sustainable basis."
