OCTOBER 20239TOP STORIESTATA POWER RENEWABLE ENERGY TO BUILD UP 12.5 MW CAPTIVE SOLAR PLANTEndurance Technologies Ltd. and Tata Power Renewable Energy Ltd. have agreed to collaborate on the construction of a 12.5 MW captive solar project in Maharashtra, according to TPREL. In this regard, it has already signed a Power Delivery Agreement (PDA) with Endurance Technologies Ltd through an SPV called TP Green Nature Ltd, according to a statement from TPREL. The plant would be built in Maharashtra's Aachegaon and produce 27.5 million units (MUs) of electricity annually. Endurance Technologies, this will lessen its annual carbon emissions by about 9,125 metric tonnes (MT) and lower its carbon footprint. After the PDA is signed, the project is anticipated to be finished within a year.TPREL CEO Ashish Khanna, "Our partnership with Endurance Technologies Ltd. to establish a captive solar plant will support them in adopting sustainable energy solutions". At TPREL, we are committed to helping energy-intensive companies in a variety of industries actively adopt green energy solutions and progress the country's journey towards energy transition, according to Khanna.The proposed captive solar power project will bring TPREL, a Tata Power subsidiary, to a total renewable energy portfolio capacity of 7,889 MW. The company has a 4,188 MW operational capacity, which is made up of 1,003 MW of wind energy and 3,185 MW of solar energy. After the PDA is signed, the project is anticipated to be finished within a year. NLC INDIA INCORPORATES WHOLLY-OWNED NIGEL FOR GREEN ENERGY PROJECTSState-owned NLC India Limited (NLCIL) has incorporated a new wholly-owned subsidiary, NLC India Green Energy Limited (NIGEL), to undertake green projects.Currently, projects to the tune of 2 GW of renewable energy are under implementation and will be taken up by NIGEL, including 600 MW solar power project in Gujarat and 810 MW Solar Photovoltaic Power Project in Rajasthan, NLC India said in a statement.NLCIL has already incorporated a wholly-owned subsidiary NLC India Renewables Limited for asset monetisation. On the occasion, Prasanna Kumar Motupalli, Chairman and Managing Director, NLCIL said: "The newly-incorporated company will take care of planning, participating in upcoming RE tenders, tendering, execution and commissioning of Renewable projects"."The subsidiary is expected to achieve 5 GW capacity by 2030 and contribute for carbon emission reduction", he added. The company's registered office is situated at Chennai and it will commence its business operations in due course.
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